Manchester United have been named the world's most valuable sports team, according to Forbes magazine's annual top 50 list.
United, who are currently touring the USA for their pre-season preparations, came top in the list with a value of £1.65 billion. The Red Devils have recently signed sponsorship deals with Aon and Nike worth around £380 million and have accumulated 333 million supporters across the globe.
Seven other football teams made the list, with Real Madrid (5th) and Arsenal (7th) in the top ten.
Despite owner Roman Abramovich's vast personal fortune, Chelsea only came 46th, while Bayern Munich (19th), AC Milan (34th) and Juventus (49th) also made appearances.
Barcelona - widely regarded as the best side in the world - came only 26th in the ranking as their debts held them back despite their worldwide appeal.
The Forbes Top Ten:
1. Manchester United £1.65bn
2. Dallas Cowboys £1.13bn
3. New York Yankees £1.06bn
4. Washington Redskins £960m
5. Real Madrid £900m
6. New England Patriots £850m
7. Arsenal £740m
8. New York Giants £734m
9. Houstan Texans £727m
10. New York Jets £708m
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