ANKARA - Real Madrid, after losing the top spot to Manchester City last year, have returned as the world's most valuable football club this year with US$1.8 billion in brand value, according to Brand Finance's data this week, Anadolu Agency (AA) reported.
With a brand strength score of 96.3 out of 100, the Spanish club has beaten major global brands such as Google, Coca-Cola, Ferrari and Rolex.
On the other hand, Real Madrid are the most followed football club on social media platforms, while brand power is a critical criterion for brands.
Manchester City ranked second in the list of the 10 most valuable clubs with US$1.7 billion, followed by their English Premier League rivals Chelsea in 10th place with US$897 million.
In addition, the total brand value of the four most valuable Turkish football clubs as of 2024 was determined to be US$44 million.
"Sports achievements have a significant impact on the soft power of countries,” said Muhterem Ilguner, the director of Brand Finance Turkiye.
"Success in sports, especially in football, is not a coincidence, and for this, federations must work consistently, decisively and patiently in line with a certain strategy,” he added. - BERNAMA-ANADOLU