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Texans rank 22nd on Forbes' most valuable sports franchise

The Dallas Cowboys are atop the Forbes' annual list of the world's most valuable sports franchises for the fourth consecutive year with a valuation.

The Cowboys have a valuation of $5 billion, cashing in on stadium sponsorships at AT&T Stadium.

ON HOUSTONCHRONICLE.COM: Texans now 'a flatter organization' after changes, says Cal McNair

Meanwhile, the Texans are tied for 22nd in the world with the Boston Celtics.

The defending AFC South champions have a value of $2.8 billion and an operating income of $161 million, according to Forbes.

Owned by Janice McNair following the death last year of owner and founder Bob McNair, the Texans are operated by Cal McNair, their son, who holds the title of chairman and chief executive officer.