Real Madrid has been named as the world's most valuable football club worth 549.5 million euro (approximately 691.7 billion won) by a sports business group.
The Spanish Primera Liga club retained the top stop for 10 straight years.
Manchester United in the English Premier League moved up two notches to second place with 518 million euro, while Spanish club FC Barcelona fell two notches to fourth place with 484.6 million euro, accountancy firm Deloitte's sports business group said in its annual Football Money League, a ranking of football clubs generated from football operations.
FC Bayern Munich in the German Bundesliga ranked third with 487.5 million euro.
Eight English Premier League clubs were on the top 20 list, followed by the Italian league (4); the German Bundesliga and the Spanish Primera Liga (3) each; and the French and Turkish leagues (1) each.
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