The most valuable franchises in sports are. ...

The most valuable franchises in sports are. ...

July 15, 2013 Updated Jul 15, 2013 at 4:10 PM CDT

What are the most valuable sports team in the world?

We now have some answers, thanks to Forbes, which compiled a list of the world's 50 most valuable sports teams.

Which team is on top of the list? That would be soccer power Real Madrid, with an estimated value of  $3.3 billion. 

Another soccer power -- Manchester United -- ranks second at 3.165 billion. Fellow soccer giant FC Barcelona is third (2.6 billion) followed by Major League Baseball's New York Yankees (2.3 billion) and the NFL's Dallas Cowboys ($2.1 billion).

Find out more by reading the Forbes report HERE and checking out he compiled coverage below.