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Liverpool FC have dropped out of Forbes Magazine’s annual list of the world’s top 50 most valuable sports teams.

The Reds were ranked 41st in 2016 with a valuation of $1.55billion but that has slipped by 4% to $1.49billion (£1.17billion) and they have been leapfrogged by a number of American franchises.

The cut-off point for the top 50 was considerably higher this year at $1.75billion. NFL side the Dallas Cowboys retained top spot as their value increased by 5% to $4.2billion (£3.26billion).

Major League Baseball’s the New York Yankees are second on the list at $3.7billion (£2.87billion) with Manchester United third at $3.69billion (£2.86billion).

(Image: Mike Stobe/Getty Images)

Forbes stated: “There are 36 franchises worth at least $1billion that did not make the top 50. Credit soaring TV contracts for the rising franchise values, as well as labor deals with players that almost ensure profitability barring outrageous spending on payroll by an owner.

“No sports league is as profitable as the NFL where the average team earned an operating profit (earnings before interest, taxes, depreciation and amortization) of $91million and no one banked less than $26million.”

There are 29 NFL teams in the top 50, as well as seven European football clubs.

Liverpool remain the eighth most valuable football club in the world ahead of Juventus and Tottenham. Forbes value the Reds’ match day revenues as $252million, broadcasting at $559million, $472million for commercial activities and $208million as brand value.

Forbes’ top 10 most valuable teams

(Image: Ronald Martinez/Getty Images)

1. Dallas Cowboys $4.2bn (£3.26bn) American football

2. New York Yankees $3.7bn (£2.87bn) baseball

3. Manchester United $3.69bn (£2.86bn) football

4. Barcelona $3.64bn (£2.82bn) football

5. Real Madrid $3.58bn (£2.78bn) football

6. New England Patriots $3.4bn (£2.64bn) American football

7. New York Knicks $3.3bn (£2.56bn) basketball

8. New York Giants $3.1bn (£2.4bn) American football

9. San Francisco 49ers $3bn (£2.33bn) American football

10. Los Angeles Lakers $3bn (£2.33bn) basketball