Ivan Perez (C) of Real Madrid Legends celebrates after scoring their second goal with Roberto Rojas (L) and Fernando Redondo during the Real Madrid Legends v Juventus Veterans Corazon Classic Match 2013 at Estadio Santiago Bernabeu on June 9, 2013 in Madrid, Spain.


European soccer giant Real Madrid, who has been the franchise home to such superstars as Raul, Ronaldo, and David Beckham, has been tabbed as the world's most valuable sports franchise by Forbes, surpassing last year's most valuable franchise, Manchester United.

Real Madrid, who has won 32 La Liga titles and nine UEFA Champions League trophies, is valued at $3.3 billion.

Manchester United fell to number two on this year's most valuable franchise list, followed by another soccer team, Barcelona, at number three.

The first American team, Major League Baseball's New York Yankees, valued at $2.3 billion, check in at number four, while the first NFL team on the list, the Dallas Cowboys, valued at $2.1 billion, round out the top five.

Four more American franchises, the New England Patriots, Los Angeles Dodgers, Washington Redskins, and New York Giants are in spots 6-9, while Arsenal, a European soccer team in the English Premier League, rounds out the top ten.

Other MLB teams, besides the Yankees and Dodgers, on the list include the Boston Red Sox (11), Chicago Cubs (30), Philadelphia Phillies (41), New York Mets (45), and the San Francisco Giants (49).

The other NFL teams on the list, besides the Cowboys, Patriots, Giants, and Redskins,  include the Houston Texas (13), New York Jets (14), Philadelphia Eagles (15), Chicago Bears (16), San Francisco 49ers (17), Green Bay Packers (18), Baltimore Ravens (19), Indianapolis Colts (20), Denver Broncos (22), Pittsburgh Steelers (23), Miami Dolphins (25), Carolina Panthers (26), Seattle Seahawks (27), Tampa Bay Buccaneers (28), Tennessee Titans (29), Kansas City Chiefs (30), Cleveland Browns (34), Minnesota Vikings (35), New Orleans Saints (36), San Diego Chargers (38), Arizona Cardinals (39), Cincinnati Bengals (42), Detroit Lions (43), Atlanta Falcons (44), Buffalo Bills (46), and the Oakland Raiders (50).

The St. Louis Rams and Jacksonville Jaguars are the only two NFL franchises which did not make the list.

The New York Knicks, valued at $1.1 billion were the first NBA team on the list, checking in at number 23, with the Los Angeles Lakers at number 31, and the Chicago Bulls at number 47.