The Dallas Cowboys have taken the top spot on Forbes’ list of the most valuable sports teams of 2016. This marks the first time the list was not led by a soccer club since the rankings began in 2011.
The No. 1 position was held by Real Madrid for the past three years, and by Manchester United in 2011 and 2012. Dallas’ value is estimated to be $4 billion, which is a 25% increase from last year. Real Madrid comes in at $3.65 billion.
Barcelona, the New York Yankees and Manchester United complete the the top five. NFL teams take 27 of the 50 spots on the list.
The complete list of teams can be viewed here.