Manchester United named Forbes’ most valuable football team

Manchester United are the world’s third-most valuable sports team with an estimated value of $3.69 billion, according to a study by Forbes.

The American business magazine last month named United the world’s most valuable football club after overtaking Barcelona and Real Madrid.

But the Premier League side still rank third overall on Forbes’ annual list ranking all sports teams, staying behind the NFL’s Dallas Cowboys at $4.2bn and baseball’s New York Yankees at $3.7bn.