Real Madrid have leapfrogged Manchester United as the most valuable football club in the world according to research by Brand Finance.
A report in Cadena Cope outlines the findings of the work which claims Los Blancos are now the number one valuable club in the world, with United down to second and Barcelona in third.
The report claims that Madrid now have a value of €1,646m and is one of just six clubs whose value exceeds €1billion.
Manchester United (€1,472m), Barcelona (€1,393m), Bayern Munich (€1,314m), Manchester City (€1,255m) and Liverpool (€1,191m) are the others whose value hits such heights.
Real Madrid’s value is said to have increased by 27% over the past year to allow it to claim this spot for the first time in a decade, with its revenue increasing to €750m.
The report also found that Madrid are now the most valuable company in the world at €4179m, followed closely by Barcelona (€4125m) and Manchester United (€4044m).
Atletico Madrid remain 14th on the list while Sevilla have jumped from 48th to 35th.