New York: Spain may have been embarrassingly dethroned as World Cup holders, but Real Madrid and Barcelona are still champions at making money after they were named as the world's two richest sports franchises.

For the second successive year, Forbes business magazine tagged European champions Real Madrid, where Cristiano Ronaldo plays, as the number one sports team with a value of USD 3.44 billion. Barcelona, the home of Lionel Messi, Neymar and now the notorious Luis Suarez, are second in the chart with a current value of USD 3.2 billion.