Man Utd named third most valuable sports team

They have climbed above Barcelona and Real Madrid and up to third in Forbes top 50 rankings

They have climbed above Barcelona and Real Madrid and up to third in Forbes top 50 rankings

Soccer clubs Manchester United ($3.69 billion), Barcelona ($3.64 billion) and Real Madrid ($3.58 billion) rounded out the top five.

And in the latest Forbes list of Most Valuable Sports Teams, Baltimore's team, the Ravens are in the top 30.

The Broncos are now valued at $2.4 billion, up 24 percent from last year's valuation by Forbes of $1.94 billion.

In the process of their financial success in 2016, the Jaguars also jumped two spots to become No. 25 on the NFL's list in terms of value ranking them ahead of notable franchises like the Kansas City Chiefs, Buffalo Bills, Detroit Lions and New Orleans Saints to name a few.

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The NFL dominates the list, with 29 of the 50 most valuable sports franchises in the world. There's not a single National Hockey League team in the Forbes 50, for example, showing how wide the disparity is between the sports beyond just TV ratings.

The rankings are based on Forbes' analysis done over the a year ago for all NFL, NHL, NBA, MLB, soccer, NASCAR and Formula One teams.

Owner Jerry Jones bought the Cowboys in 1989 for $150 million, including $10 million to cover deferred salaries, according to Forbes, and built America's Team into a $4.2 billion franchise.

Major League Baseball had eight teams on the list, followed by the National Basketball Association and European soccer, who each had seven teams on the list.