Real Madrid is no longer the most valuable sports team

Nov 27, 2014; Arlington, TX, USA; Dallas Cowboys quarterback Tony Romo (9) breaks from the team huddle prior to the game against the Philadelphia Eagles at AT&T Stadium. Mandatory Credit: Matthew Emmons-USA TODAY Sports

The Dallas Cowboys have overtaken Real Madrid as the world’s most valuable sports team.

That is according to Forbes Magazine’s compilation of a list of the top 50 teams from all sports.

The Dallas Cowboys is valued at $4billion.

La Liga duo Real Madrid ($3.6bn) and Barcelona ($3.5bn) are second and third respectively while the New York Yankees ($3.4bn), at No.4, are the most valuable baseball team.

Manchester United which completes the top five is the highest ranking English team.

Arsenal (No.23), Manchester City (28), Chelsea (36) and Liverpool (41) also made the list.

According to Forbes, the world’s most valuable basketball team is the New York Knicks ($3bn).

In total, 27 National Football League (NFL) franchise teams feature in the list. The rest of the top 50 is comprised of teams from European football (eight), NBA (eight) and MLB (seven).