All Blacks no longer the best in the world!

Cape Town - The once mighty All Blacks are no longer rugby's best team in the world.

WATCH | Scott Barrett sees red!

Well, for the next 24 hours at least.

Having suffered an embarrassing 47-26 trashing at the hands of their Wallaby rivals in Perth on Saturday, the All Blacks have slipped to second in the World Rugby hierarchy.

The new team at the top?

Wales.

The Welsh, who are on a 14-match unbeaten streak, have taken over the top spot for the first time since the rankings were introduced way back in 2003.

It's also the first time in a staggering 10 years that New Zealand haven't topped the pile.

However, Wales will have a battle on their hands to stay at No 1 when they visit Twickenham on Sunday to take on England in a Rugby World Cup warm-up match.

A win or a draw will be enough to see Wales officially ranked best in the world on Monday. A defeat ... and it's New Zealand back on top.