Real Madrid was today announced as the most valued football team in its 2016 list of the World’s Most Valuable Soccer Teams.  Real Madrid was valued at $3.6 billion. This makes Madrid the most valuable team for the Fourth consecutive year.

Barcelona comes in second on the list being valued at $3.5 billion, whereas Manchester United ranks No.3 on the list, valued at $3.3 billion. This makes the top 3 teams valued at around $10.51 billion which are more than 1/3 the value of all the 20 teams on the list.

The team which is least valued on the list is Newcastle United which is valued at $383 million. The total value of all the teams combined comes up to $28.803 billion.

The top 20 teams are worth an average of $1.44 billion, an increase of 24% over last year. This is because of  lucrative television deals.

Check out the complete list here.