Forbes has released their 2016 ‘Most Valuable Soccer Teams’ list and Real Madrid lead the way valued at an estimated $3.645 billion. The Premier League dominates the list occupying six of the top ten spots.

Real Madrid is the most valuable football club in the world according to Forbes magazine. Forbes experts value The Galacticos at $3.645 billion, a 12% increase on 2015, pulling in annual revenue of $694m, and operating income of $162m.

The Spanish giants top the list thanks to the most valuable shirt sponsorship deal in world football signed at the turn of the year. Madrid and the German sportswear company Adidas signed a 10-year deal worth a staggering $1.6 billion. Add their sponsorship deal with their Fly Emirates package, and United Arab Emirates stadium deal and you have an impressive annual income of $192 million.

And they need every penny.