For the first time since Forbes began compiling their annual top 50 lists of the most valuable ...
For the first time since Forbes began compiling their annual top 50 lists of the most valuable sports teams in the world, a non-football club leads the way this year.
Real Madrid have been overtaken by the NFL's Dallas Cowboys as the world's most valuable sports team, according to Forbes magazine.
The La Liga giants had been on top of the rankings for the past three years, and the Cowboys' jump marks the first time since 2011 a football club has not occupied the top spot.
Real remain the most valuable football club, however, with a calculated value of $3.65 billion (€3.29 billion), topping a list of eight clubs to make the rankings.
La Liga rivals Barcelona were spot behind Real on the list with a value $3.55 billion (€3.20 billion).
Manchester United were the next football club ranked -- fifth overall -- with a value of 3.32 billion (€2.99 billion).
Rounding out the other football clubs were
Bayern Munich at No. 12 ($2.68bn, €2.41bn),
Arsenal at No. 23 ($2.02bn, €1.82bn),
Manchester City at No. 28 ($1.92bn, €1.73bn),
Chelsea at No. 36 ($1.67bn, €1.50bn), and
Liverpool at No. 41 ($1.55bn, €1.40bn).
Most valuable sports teams:
1. Cowboys $4B
2. Real Madrid $3.65B
3. Barcelona $3.55B
4. Yankees $3.4B
5. Man United $3.32B