Real Madrid edge Yankees & Cowboys as most valuable sports franchise

The Santiago Bernabeu outfit top Forbes' list for the third consecutive year, but two iconic American franchises made big jumps

Real Madrid have been named the world's most valuable sports team by Forbes, edging Dallas Cowboys and New York Yankees into second and third respectively.
The Santiago Bernabeu side lead the list of the 50 most valuable sports franchises for the third consecutive year, although Forbes pegs their value at $3.26 billion, down slightly from last year.
The Cowboys and Yankees are next at $3.2 billion, with each franchise making a big jump from last year's projection.
Real Madrid's arch-rivals Barcelona are fourth at $3.16 billion, just ahead of Manchester United at $3.1 billion.
Rounding out the top 10 are the Los Angeles Lakers ($2.6 billion), New England Patriots ($2.6 billion), New York Knicks ($2.5 billion), Los Angeles Dodgers ($2.4 billion) and Washington Redskins ($2.4 billion).