The World's Most Valuable Sports Teams

Spanish soccer team Real Madrid topped Forbes' annual list of the most valuable sports teams in the world for the third straight year. Forbes says the figures are enterprise values based on current stadium deals. The average team value for the list is $1.75 billion, up 31% from 2014. The rise in valuations are due to the increased wealth of NBA and MLB teams.

The World's Most Valuable Sports Teams

1. Real Madrid

Daniel Ochoa de Olza/AP

$3.26 billion

T-2. Dallas Cowboys

Simon Bruty for Sports Illustrated

$3.2 billion

T-2. New York Yankees

Mike Stobe/Getty Images

$3.2 billion

4. Barcelona

Siu Wu/AP

$3.16 billion

5. Manchester United

Michael Regan/Getty Images

$3.1 billion

T-6. Los Angeles Lakers

John W. McDonough for Sports Illustrated

$2.6 billion

T-6. New England Patriots

David E. Klutho for Sports Illustrated

$2.6 billion

8. New York Knicks

Greg Nelson for Sports Illustrated

$2.5 billion

T-9. Los Angeles Dodgers

Chris Williams/Icon Sportswire

$2.4 billion

T-9. Washington Redskins

Carlos M. Saavedra for Sports Illustrated

$2.4 billion

11. Bayern Munich

A. Beier/Getty Images for FC Bayern

$2.35 billion

T-12. Boston Red Sox

Barry Chin/The Boston Globe via Getty Images

$2.1 billion

T-12. New York Giants

Elsa/Getty Images

$2.1 billion

T-14. Chicago Bulls

Nuccio DiNuzzo/Chicago Tribune/TNS via Getty Images

$2 billion

T-14. San Francisco Giants

Jed Jacobsohn for Sports Illustrated

$2 billion

16. Houston Texans

Scott Halleran/Getty Images

$1.85 billion

T-17. Chicago Cubs

Stephen Green for Sports Illustrated

$1.8 billion

T-17. New York Jets

Chris McGrath/Getty Images

$1.8 billion

19. Philadelphia Eagles

Matt Slocum/AP

$1.75 billion

T-20. Boston Celtics

Matt York/AP

$1.7 billion

T-20. Chicago Bears

Hannah Foslien/Getty Images

$1.7 billion

T-22. Los Angeles Clippers

John W. McDonough for Sports Illustrated

$1.6 billion

T-22. San Francisco 49ers

LM Otero/AP

$1.6 billion

T-24. Baltimore Ravens

Simon Bruty for Sports Illustrated

$1.5 billion

T-24. Brooklyn Nets

Nathaniel S. Butler/NBAE via Getty Images

$1.5 billion

26. Denver Broncos

Jack Dempsey/AP

$1.45 billion

T-27. Indianapolis Colts

David E. Klutho for Sports Illustrated

$1.4 billion

T-27. St. Louis Cardinals

Preston Mack/MLB Photos via Getty Images

$1.4 billion

29. Manchester City

Kirsty Wigglesworth/AP

$1.39 billion

30. Green Bay Packers

Robert Beck for Sports Illustrated

$1.38 billion

31. Chelsea

Clive Rose/Getty Images

$1.37 billion

T-32. Ferrari

Scuderia Ferrari via Getty Images

$1.35 billion

T-32. New York Mets

Jim McIsaac/Getty Images

$1.35 billion

T-32. Pittsburgh Steelers

Justin K. Aller/Getty Images

$1.35 billion

35. Seattle Seahawks

Jonathan Ferrey for Sports Illustrated

$1.33 billion

36. Arsenal

Christopher Lee/The FA via Getty Images)

$1.31 billion

T-37. Golden State Warriors

John W. McDonough for Sports Illustrated

$1.3 billion

T-37. Los Angeles Angels

Jim McIsaac/Getty Images

$1.3 billion

T-37. Miami Dolphins

J Pat Carter/AP

$1.3 billion

T-37. Toronto Maple Leafs

Glenn James/NHLI via Getty Images

$1.3 billion

41. Washington Nationals

Al Tielemans for Sports Illustrated

$1.28 billion

T-42. Carolina Panthers

Al Tielemans for Sports Illustrated

$1.25 billion

T-42. Houston Rockets

Noah Graham/NBAE via Getty Images

$1.25 billion

T-42. Philadelphia Phillies

Michael Perez/AP

$1.25 billion

45. Tampa Bay Buccaneers

Mark LoMoglio/Icon Sportswire

$1.23 billion

46. Texas Rangers

Aaron Josefczyk/AP

$1.22 billion

47. Miami Heat

Jesse D. Garrabrant/NBAE via Getty Images

$1.18 billion

48. Tennessee Titans

Wesley Hitt/Getty Images

$1.16 billion

T-49. Atlanta Braves

Matt York/AP

$1.15 billion

T-49. Dallas-Mavericks

Scott Halleran/Getty Images

$1.15 billion

T-49. Minnesota Vikings

Michael B. Thomas/Getty Images

$1.15 billion