Manchester United named world's valuable team

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Manchester united players celebrate
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Manchester United has been named the world's most valuable team, beating up Barcelona, Forbes report.

According to Forbes, United came to the top valuing worth $3.69 billion. 

Manchester United generated revenue of $765 million during the 2015-16 season, $77 million more than both Barcelona and Real Madrid.

The team brought in $405 million in advertising and sponsorship revenue, more than any other soccer team. And the Red Devils are also by far the most profitable soccer team in the world, posting operating income of $288 million, $107 million more than runner-up Real Madrid. 

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Their last victory, Europa League cup, gave them a direct flight to next season Champions League cup, which will lucratively hold them up the market.

The world’s most valuable soccer teams are big businesses because of the popularity of their brands and the sport’s unparalleled global audience. 

The 20 most valuable soccer teams this year are worth an average of $1.48 billion, 3% more than a year ago. 

Other teams coming after Manchester United in value are Barcelona ($3.64 billion), Real Madrid ($3.58 billion), Bayern Munich ($2.71 billion) and Manchester City ($2.08 billion).

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