Man United down to third in rich list

Manchester United have dropped a place in Forbes' top-50 list of the most valuable sports teams for the second year in a row, while Arsenal fall out of the top 10.

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Just 12 months ago United were worth more than any other team, before being overtaken by Real Madrid in the 2013 report. Now they dip to third with Barcelona moving up into second.

Real Madrid are the most valuable team for a second successive season. Forbes -- calculating value on equity, debt and stadium deals -- estimates that Real are now worth $3.44 billion (two billion pounds), up $0.14 billion from 12 months ago.

The Champions League win saw Real's income rise from around $62 million to $78 million and their revenue streams are higher than any other sports team.

Barcelona have seen a huge rise in their wealth of 23 percent, up $0.6 billion to $3.2 billion, while United's has dipped by $0.36 billion to $2.81 billion.

United, who will be without European football this season, have already secured additional income with a sponsorship deal with Chevrolet worth a total $559 million beginning the summer, while an adidas kit deal worth $1.3 billion over 10 years will start in 2015.

Arsenal are the only team to drop out of the top 10, falling from 10th to 16th even though their value rose from $1.326 billion to $1.331 billion.

Once again the New York Yankees baseball team are the most valuable non-soccer team in fourth place, valued at $2.5 billion.

NFL teams fill 60 percent of the top 50 slots, with Dallas Cowboys again the first to feature in fifth while Los Angeles Dodgers move up to sixth, replacing New England Patriots who drop down to eighth.

Bayern Munich are one of the big climbers into the top 10, moving up from 12th to seventh with their value rising from $1.309 billion to $1.85 billion.

Washington Redskins and New York Giants drop a place to ninth and 10th respectively to complete the top 10.

New York Mets, Oakland Raiders and F1 team McLaren drop out of the top 50.