Champions League winners, Bayern Munich, have taken over as the most valuable football brand in the world from English Premier League champions, Manchester United.
The 2013 list compiled by British company Brand Finance, values the Bundesliga club at $860 million, $23 million more than United.
Real Madrid, valued at $621 million, are third, with their Spanish rivals, Barcelona, fourth, valued at $572 million.
Five English Premier League clubs are in the top 10, with the other five places belonging to two German clubs, two Spanish clubs and AC Milan.
dpa/NAN.
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