Real Madrid, with expensive stars like Cristiano Ronaldo, have been named as the world’s most valuable sports team for the third year running by Forbes magazine. Real are valued at £2.08bn, with American football side Dallas Cowboys and baseball’s New York Yankees in joint second at £2.04 billion.

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Real’s rivals Barcelona are fourth on £2.02billion, with Manchester United (£1.98bn) dropping from third to fifth.

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