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Real Madrid dethrones ManU as world's most valuable soccer club

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(Globalpost/GlobalPost)

New York, Apr 17 (EFE).- Real Madrid has wrested the title of world's most valuable soccer club away from Manchester United, while FC Barcelona took third place on Forbes magazine's list, published Wednesday.

Los Blancos, whose current value rose 76 percent from last year to an estimated $3.3 billion, displaced United from the perch it had held since Forbes began publishing the list nine years ago.

The team values, according to Forbes, are "enterprise values (equity plus debt) based on multiples of revenue that teams get from television, premium seating, media, licensing, merchandise and concessions."

Real Madrid also took over the title as world's most valuable sports team after posting revenue of $650 million and operating income of $170 million in 2011-2012, according to Forbes, which praised the leadership of club president Florentino Perez.

The Glazer family-owned Manchester United, whose shares began to be listed on the New York Stock Exchange last July, was second on the list of 20 clubs with a current value of $3.16 billion and 2011-2012 revenue of $502 million.

Another Spanish club, Barcelona, whose value shot up by 99 percent over the past year to $2.6 billion, was No. 3 on the list, followed by Arsenal, Bayern Munich, AC Milan (owned by Silvio Berlusconi), Chelsea, Juventus, Manchester City and Liverpool.

http://www.globalpost.com/dispatch/news/agencia-efe/130417/real-madrid-dethrones-manu-worlds-most-valuable-soccer-club