Real Madrid have passed Manchester United to become the most valuable football club brand in the world, according to a new report.
Brand Finance (h/t Inside World Football) released their annual findings on Thursday, with Real the leading club in both the most valuable and strongest brands list.
Los Blancos' value increased nearly 27 percent to €1.646 million, while United's dropped to €1.472 million, a loss of almost six percent.
Brand FinanceMost valuable #footballbrands revealed! - @realmadrid knock @ManUtd off the top, also triumph as strongest #football #brand - @premierleague dominate with 17 clubs - @Bundesliga_DE follow with 13 but rank behind @LaLiga for total brand value REPORT: https://t.