Forbes has released its annual list of the most valuable sports franchises in the world and the Dallas Cowboys come in at No. 1 for the third year in a row.
Jerry Jones' team is valued at $4.8 billion, topping three European soccer teams -- Manchester United, Real Madrid and Barcelona.
Manchester United, which is playing a friendly soccer match at University of Phoenix Stadium in Glendale on Thursday against Club America, is No. 2 on the list with a value of $4.123 billion
PHOTOS: See the Top 50 franchises in the world, ranked by team value
The New York Yankees come in at No.