Botafogo, Flamengo and Palmeiras are among the most valuable squads in the world, according to a study conducted by the Football Observatory (CIES). However, the trio is not in the top 50. Among the Brazilians, Palmeiras is in the best position, at 62nd place, while Flamengo is 63rd. The two are the best in South America, valued at 211 million euros and 210 million euros respectively. Botafogo appears in 84th place, valued at 141 million euros. River Plate (92nd - 129 million euros) and Boca Juniors (98th - 123 million euros) are in the top 100. The study takes into account the market values of the players in each club's squad. Real Madrid at the top Real Madrid once again appears at the top of the study. Mbappé, Vinicius Jr., Rodrygo, Bellingham and company make the merengue team valued at 1.728 billion euros. Manchester City, with 1.471 billion euros, Chelsea (1.388 billion euros), Arsenal (1.225 billion euros) and Barcelona (1.124 billion euros) complete the top 10. See below the top 10: Real Madrid (Spain) - 1.728 billion euros Manchester City (England) - 1.471 billion Chelsea (England) - 1.388 billion Arsenal (England) - 1.225 billion Barcelona (Spain) - 1.124 billion Liverpool (England) - 1.099 billion PSG (France) - 1.088 billion Manchester United (England) - 989 million Tottenham (England) - 886 million Bayer Leverkusen (Germany) - 862 million