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The Dallas Cowboys have overtaken Real Madrid as the world's most valuable sports team.

That is according to Forbes Magazine, who have compiled a list of the top 50 teams from all sports.

The NFL franchise is valued at $4billion (£3billion).

La Liga duo Real Madrid ($3.6bn) and Barcelona ($3.5bn) are second and third respectively while the New York Yankees ($3.4bn), at No.4, are the most valuable baseball team.

Manchester United, who complete the top five, are the highest ranking English team.

(Image: Getty) (Image: Clive Rose)

Arsenal (No.23), Manchester City (28), Chelsea (36) and Liverpool (41) also make the list.

The world's most valuable basketball franchise, say Forbes, is the New York Knicks ($3bn).

In total, 27 NFL franchise feature in the list. The rest of the top 50 is comprised of teams from European football (eight), NBA (eight) and MLB (seven).

Forbes say they used their own valuations done in the past year for the NFL, NHL, NBA, MLB, F1, football, and Nascar. Their team values are enterprise values (equity plus debt) based on current stadium deals (unless a new stadium is pending).

(Image: AFP/Getty) (Image: Reuters)