Brazil, Mexico, and Argentina are home to the most valuable football teams in Latin America, according to the latest ranking by Forbes.
The US publication conducted a study on the market value of dozens of football clubs throughout the region.
The analysis revealed that these teams, including those from the United States and Canada, are worth $7.324 billion. This represents a 21% increase compared to 2017.
To measure this, factors such as the value of currently active players (excluding those on loan), the brand value, and the cost of the stadium (where applicable) were taken into account.
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This year, Santos from Mexico dropped out of the top 10 most valuable list while Argentinean Boca Juniors made it into the list.
This is the complete list:
For the fifth consecutive year, Corinthians is the most valuable team on this ranking.(Reuters)
1) Corinthians (Brazil): $462 million
For the fifth consecutive year, Corinthians is the most valuable team on this ranking. One of its main sources of financing comes from television broadcasting rights and its sponsorship with Nike.
2) Palmeiras (Brazil): $424 million
Palmeiras has one of the most valuable stadiums in the region. (Getty Images)
The most valuable asset Palmeiras has is the Allianz Parque Stadium, one of the most modern in Latin America.
3) Gremio (Brazil): $313 million
Winning the Copa Libertadores of America brought Gremio significant income. (Getty Images)
They are the current champions of the Copa Libertadores of America, the region's most important tournament. This title allowed Gremio to obtain lucrative income from advertising, ticket sales, and television rights.
4) Chivas (Mexico): $297 million
Chivas is the most valuable team in Mexico. (Getty Images)
Chivas is the most valuable team in Mexico. It has one of the most modern stadiums in the country and is one of the most valued brands in the league.
5) Monterrey (Mexico): $281 million
Monterrey sold its television broadcasting rights to Fox Sports. (Getty Images)
Also known as Rayados, Monterrey improved its television broadcasting agreement by selling its television broadcasting rights to Fox Sports until 2023.
6) River Plate (Argentina): $219 million
River Plate has won the Copa Sudamericana and the Copa Libertadores numerous times. (Getty Images)
River Plate has won the Copa Sudamericana and the Copa Libertadores several times, which has consistently increased its commercial value. Additionally, it has highly valued players in the international market.
7) Boca Juniors (Argentina): $213 million
Boca joined the list of the most valuable teams this year. (Getty Images)
Boca is one of the most rooted and traditional teams in Latin America, which has led to an increase in its value.
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According to consulting firm Euroamericas Sport Marketing, the club had millions in revenue from jersey sales, in addition to traditional revenue sources. It has contracts with Nike, BBVA, and Huawei.
8) Internacional Porto Alegre (Brazil): $201 million
Known as Internacional, this club's major revenue sources include television rights.
9) Flamengo (Brazil): $175 million
Flamengo has over 32 million followers. (Getty Images)
Flamengo is one of the most popular teams in Brazil, with over 32 million fans. It generates substantial revenue from commercial and television contracts, in addition to having one of the most valuable squads.
10) America (Mexico): $174.8 million
Although it is no longer the team with the highest income in Mexican football, it remains on the list of the top ten most valuable teams in the region. (D)
