The influential Forbes magazine has released its ranking of the world’s 50 most valuable sports clubs for 2025.

Axar.az reports that the list is topped by Dallas, which competes in the National Football League (NFL). The club, which has held first place in the ranking since 2016, is valued at $12 billion.

The Golden State Warriors of the National Basketball Association (NBA), valued at $11 billion, are in second place, followed by the NFL’s Los Angeles Rams at $10.5 billion.

Only four European football clubs are included in the list: Spain’s Real Madrid ($6.75 billion) and Barcelona ($5.65 billion), and England’s Manchester United ($6.6 billion) and Liverpool ($5.4 billion).

From Formula 1, Ferrari ($6.5 billion) and Mercedes ($6 billion) have also made the ranking.