IRVING, Texas– The Dallas Cowboys are the world's most valuable sports franchise of 2016, according to Forbes magazine.
Forbes' annual valuation rankings list the Cowboys at No. 1 ($4 billion), followed by Real Madrid ($3.65 billion), Barcelona ($3.55 billion), the New York Yankees ($3.4 billion) and Manchester United ($3.32 billion).
The New England Patriots ($3.2 billion) check in at No. 6 as the next NFL franchise on Forbes' list. The Cowboys' NFC East rivals, the Washington Redskins ($2.85 billion) and the New York Giants ($2.8 billion), are next at No. 8 and No. 9.
The Cowboys have made the top five since Forbes began its annual rankings in 2010. This is their first No. 1 ranking, and they're the first NFL team atop the list.