MUMBAI: English football club Manchester United has emerged as the world?s most valuable sports team, according to Forbes report on the top 50 valuable sports teams around the world.

Man-U, which has filed for a $100 million IPO on Nasdaq, has been valued at $2.23 billion ahead of Spanish club Real Madrid, which is at No. 2 with a value of $1.88 billion.

Incidentally, all 32 National Football League (NFL) franchises have made it to the top 50 list with the Dallas Cowboys, Washington Redskins, New England Patriots and New York Giants making it to the top 10.

Seven Major League Baseball (MLB) teams have earned spots in the top 50 list with New York Yankees making it to the top 10 with a value of $1.85 billion.

Only two NBA teams, Los Angeles Lakers and New York Knicks, have made it to the top 50 list while none of the National Hockey League clubs figure in the list dominated by professional clubs from US.

As many as four NFL teams have entered the top 10 table besides two teams from MLB. Joining Man-U and Real Madrid in the top 10 list are Spanish club Barcelona at No. 8 list and English club Arsenal at No 10 spot.

The top 50 list has two Formula One racing teams, Ferrari with a value of $1.1 billion, and McLaren valued at $800 million.

Forbes Top 10 teams:
1. Manchester United (soccer) - $2.23 billion
2. Real Madrid (soccer) - $1.88 billion
3. New York Yankees (MLB) - $1.85 billion
4. Dallas Cowboys (NFL) - $1.85 billion
5. Washington Redskins (NFL) - $1.56 billion
6. Los Angeles Dodgers (MLB) - $1.40 billion
7. New England Patriots (NFL) - $1.40 billion
8. Barcelona (soccer) - $1.31 billion
9. New York Giants (NFL) - $1.30 billion
10. Arsenal (soccer) - $1.29 billion

MUMBAI: Manchester United has held on to its position as the world?s most valuable football brand with a brand value of $853 million despite a dissapointing Premier League season wherein it lost the title to Manchester City, according to brand valuation company Brand Finance.

However, the valuation firm has warned that shrewd commercial management and commanding Champion?s League performances by Bayern Munich could see United unseated from the top spot of the Brand Finance Football 50 in the near future.

German football club FC Bayern Munich climbed to the second spot with a brand valuation of $786 million representing a 59 per cent increase over the last year. The success in Germany and presence in the final of the Champions League has been bolstered by financial nous.

Bayern Munich pipped Spanish giant Real Madrid, which has slipped to third spot with its valuation decreasing by seven per cent to $600 million.

?However Bayern needs to start building its brand in emerging markets or they will be left behind by relying too heavily on their domestic fan base," commented head of Sports Brands Dave Chattaway.

Also witnessing a decrease in its brand valuation is Spanish club FC Barcelona, whose brand valuation shrinked by eight per cent to $580 million.

AC Milan, the only Italian club to make it to the top ten, has a valuation of $292 million.

Italian and Spanish clubs fared badly this year, affected by the economic turmoil in their home markets. Attendances are down due to high unemployment and uncertainty.

Clubs in both countries must continue to look abroad for a steady stream of commercial and broadcasting revenues, capitalising on strong brands, Brand Finance said.

Joining Bayern Munich in the top ten table is FC Schalke 04, which has seen its valuation zoom by 97 per cent to $266 million. The club has moved to 10th position from 12th position last year.

Champion?s League triumph secures another season in Europe for Chelsea but despite two trophies the club stays fifth with a brand value of $398 million due to a poor Premier League performance.

Arsenal and Liverpool share sixth and seventh spot respectively with a valuation of $388 and $367 million.

Meanwhile, the huge investment in local rivals, Manchester City, has finally yielded a Premier League victory. With Sir Alex Ferguson reaching the end of his career and the Glazers still paying off debts, the club may struggle to maintain the squad it needs to stay at the top.

The huge investment by Sheikh Mansour of Abu Dhabi, estimated at $1.5 billion, is beginning to pay off for City. The club has matched United on the field and though still in its shadow in terms of Brand value, it is catching up rapidly. At $302 million, the Man City brand is worth nearly double what it was in 2011.

Brand Finance CEO David Haigh said, "This year?s study shows that even football isn?t immune to the Euro crisis, with Spanish and Italian teams being hit hardest. The two top teams operate different marketing strategies, Bayern prioritising its domestic fan base whilst United concentrates on global opportunities."

MUMBAI: Argentina and Barcelona forward Lionel Messi has emerged as the richest football player in 2011 with earnings of ?27.5 million from wages, bonuses, sponsorships and endorsements, according to France Football magazine.

The Argentinian, who commands an annual salary of ?13 million, also endorses some of the world?s leading global brands, including Adidas and Pepsi.

Messi is followed by David Beckham of England and Portugal?s Cristiano Ronaldo who are at the second and third spot with earnings of ?26.2 million and ?24.3 million.

The list has Manchester United star Wayne Rooney at the fifth place behind Samuel Eto?o, who plays for Russian outfit Anzhi Makhachkala. Eto?o earned ?19.3 million while Rooney took home ?17.2 million.

Real Madrid manager Jose Mourinho is the top-paid coach with ?12.3 million this year, while Paris St Germain boss Carlo Ancelotti is second (?11 million) with Barcelona?s Pep Guardiola (?7.88 million) at the third place.