The 10 Most Valuable Soccer Teams 2008

#10 Schalke 04

Country: Germany

Team Value: $470 million
(€348 million / £234 million)

Highlights: New 10-year $270 million (€197 million / £135 million) naming rights deal with Russian gas giant Gazprom.

#9 Juventus

Country: Italy

Team Value: $510 million
(€378 million / £254 million)

Highlights: Back in top league after match-fixing scandal, plans for new stadium by 2012.

#8 Chelsea

Country: England

Team Value: $764 million
(€566 million / £381 million)

Highlights: Pared losses despite shelling-out $271 million (€198 million / £135 million) in wages.

#7 Barcelona

Country: Spain

Team Value: $784 million
(€580 million / £391 million)

Highlights: New $215 million (€157 million / £107 million) TV (Mediapro) and uniform (Nike) deals beginning this year.

#6 AC Milan

Country: Italy

Team Value: $798 million
(€591 million / £398 million)

Highlights: Won Champions League but average attendance at San Siro down 20%.

#5 Bayern Munich

Country: Germany

Team Value: $917 million
(€679 million / £457 million)

Highlights: First of 15-year $114 million (€83 million / £57 million) stadium rights deal with Allianz in 2006.

#4 Liverpool

Country: England

Team Value: $1.0 billion
(€777 million / £523 million)

Highlights: New stadium at Stanley Park due by 2011, long term deals with Carlsberg/Reebok

#3 Arsenal

Country: England

Team Value: $1.2 billion
(€888 million / £598 million)

Highlights: Debut at Emirates Stadium more than doubled ticket revenue to $181 million (€132 million / £90 million).

#2 Real Madrid

Country: Spain

Team Value: $1.3 billion
(€951 million / £640 million)

Highlights: First of 7-year $1.6 billion (€1.2 billion / £800 million) TV deal in '07, added dozens of new luxury suites at the Bernabeu.

#1 Manchester United

Country: England

Team Value: $1.8 billion
(€1.3 billion / £897 million)

Highlights: Added 8,000 seats at Old Trafford; first of 4-year $120 million (€88 million / £60 million) AIG shirt deal in '07.

Source: Forbes