Forbes released its annual list of the most valuable sports franchises on Monday, and European soccer power Real Madrid, valued at $3.3 billion, was tabbed the world's most valuable team.
The club was deemed more valuable than last year's No. 1 franchise, Manchester United, which came in second at $3.1 billion.
Barcelona, estimated to be worth $2.6 billion, was ranked third.
The New York Yankees ($2.3 billion) were ranked as the most valuable U.S. sports franchise at No. 4, just ahead of America's team, the Dallas Cowboys, valued at $2.1 billion.
The highest valued NBA team was the New York Knicks, which ranked No. 23 at $1.1 billion. The only other NBA teams were the Lakers (No. 31, $1 billion) and the Bulls (No. 47, $800 million).
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