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Patriots named eighth-most valuable sports franchise in the world by Forbes

Spanning the globe, three of the most valuable sports teams are based in New England, according to the most recent rankings from Forbes.

The New England Patriots rank eighth on the top 50 world-wide list, valued at $4.4 billion, which represents a 38 percent increase from just five years earlier. Robert Kraft purchased the team in 1994 for $172 million, which works out to a 2,458 percent increase in franchise value over the 27 years of Kraft and Kraft Group ownership.

Forbes places the Patriots as the second most valuable NFL team, trailing the Dallas Cowboys, who occupy the No.