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Real Madrid edge Barcelona as world's most valuable team, Arsenal climb into top five

Real Madrid kept their place at the top of Forbes' most valuable football teams, while Arsenal rose from seventh to fifth. Real Madrid have edged Barcelona to be ranked as world football's most valuable team for a fourth consecutive year, while Arsenal have climbed into the top five. Business publication Forbes have released their 13th annual list, with Champions League finalists Madrid now judged to be worth $3.65 billion, an increase on their $3.26bn from last year's list. Barcelona are not far behind, with their value $3.56bn, while Premier League side Manchester United remain third on $3.32bn. German champions Bayern Munich stay fourth with their worth now up to £2.68bn, while Arsenal...
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