New York - Manchester United is the most valuable franchise in sports at $2.23 billion, according to Forbes magazine's annual survey.
The English Premier League team, owned by the same American family that owns the NFL's Tampa Bay Buccaneers, is ranked on top thanks to lucrative global sponsorship deals.
Second is Real Madrid, at $1.88 billion. The New York Yankees and Dallas Cowboys are tied for third at $1.85 billion.
Rounding out the top five are the Washington Redskins at $1.56 billion.
The Los Angeles Dodgers and New England Patriots are tied for sixth at $1.40 billion, followed by Barcelona at $1.31 billion, the New York Giants at $1.30 billion, and Arsenal at 1.29 billion. The Dodgers recently were sold for $2 billion, the most for any professional sports team.
All 32 NFL teams make the list of 50 most valuable franchises, with the Jacksonville Jaguars last among the NFL clubs at $725 million.
Seven Major League Baseball teams earned spots, with the Texas Rangers the lowest at $674 million, No. 50 overall.
The highest value for an NBA team belongs to the Los Angeles Lakers at $900 million, 35th overall. Only one other NBA franchise, the New York Knicks, make the list with $780 million, No. 43.
No NHL clubs made the survey, but two from Formula One racing were included: Ferrari at $1.1 billion to rank 15th, and McLaren at $800 million.