Cape Town - Spanish giants Real Madrid have been named the most valuable football club in the world by Forbes, for the fourth consecutive year.
Rivals Barcelona and Manchester United lie second and third respectively.
Real Madrid's value stands at 3.645bn US dollars (£2.52bn) and their annual revenue is $694m (£480million).
Six of the top 10 clubs come from England, two from Spain, and one from Germany and Italy apiece.
Forbes' top 10 world's most valuable football teams:
1. Real Madrid - US$3.645bn (£2.52bn)
2. Barcelona - $3.549bn (£2.46bn)
3. Manchester United - $3.317bn (£2.3bn)
4. Bayern Munich - $2.678bn (£1.85bn)
5. Arsenal - $2.017bn (£1.4bn)
6. Manchester City - $1.921bn (£1.33bn)
7. Chelsea - $1.661bn (£1.15bn)
8. Liverpool - $1.548bn (£1.07bn)
9. Juventus - $1.299bn (£900m)
10. Tottenham - $1.017bn (£704m)