NEW YORK, N.Y. - Forbes estimates Real Madrid is the world's most valuable soccer team for the third straight year despite a 5 per cent decrease to $3.26 billion.

The magazine said Wednesday it lists Barcelona second at $3.16 billion, a 1 per cent drop, followed by Manchester United at $3.1 billion, a 10 per cent rise. Bayern Munich is fourth at $2.35 billion after a 27 per cent increase.

Manchester City ($1.38 billion) is fifth, followed by Chelsea ($1.37 billion), Arsenal ($1.31 billion), Liverpool ($982 million), Juventus ($837 million) and AC Milan ($775 million).

Forbes estimates revenue for 2013-14 was $746 million for Real Madrid, $657 million for Barcelona, $703 million for United and $661 million for Bayern Munich.

Value is estimated using April 22 exchange rates and revenue with average rates for the 2013-14 season.

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Online:

http://www.forbes.com/sites/mikeozanian/2015/05/06/real-madrid-tops-ranking-of-the-worlds-most-valuable-soccer-teams/