Forbes' December 2025 valuation crowns the Dallas Cowboys the first sports team ever worth $13 billion, atop a top 10 stacked with NFL and NBA franchises.
Quick answer: 1. Dallas Cowboys, 2. Golden State Warriors, 3. Los Angeles Rams, 4. New York Giants, 5. Los Angeles Lakers, 6. New York Knicks, 7. New England Patriots, 8. San Francisco 49ers, 9. Philadelphia Eagles, 10. New York Yankees.
Every December, Forbes publishes its ranking of the world's 50 most valuable sports teams, converting decades of media deals, real estate, and brand power into a single dollar figure. This is the top 10 from that 2025 list — the ten franchises whose estimated worth outstrips every other team on the planet. If you follow the business of sport, this is the scoreboard that matters off the field. It is dominated by the NFL, with the NBA's surging valuations pushing the Warriors, Lakers, and Knicks into the elite, and the New York Yankees the lone baseball club to crack the group.
The Cowboys top Forbes' global ranking for the tenth straight year and become the first sports team ever valued at $13 billion, powered by unrivaled NFL media revenue and their own marketing machine.
At $11 billion, the Warriors are the most valuable NBA team and the most valuable non-NFL franchise on the 2025 list, reflecting a championship dynasty paired with the revenue of the Chase Center.
The Rams join the $10 billion club at $10.5 billion, buoyed by their move into SoFi Stadium and the size of the Los Angeles market.
The Giants are the fourth-most-valuable team and the third NFL franchise in the top four, valued at $10.1 billion.
The Lakers round out the $10 billion club and put a second NBA team in the top five, evidence of the league's rapidly climbing valuations.
At $9.75 billion, the Knicks are the world's sixth-most-valuable team and are closing in on the $10 billion threshold.
The Patriots rank seventh overall at $9 billion, still among the NFL's most valuable clubs after two decades of on-field success.
The 49ers place eighth at $8.6 billion, one of six NFL franchises to appear in the top ten.
The Eagles rank ninth on the 2025 Forbes list at $8.3 billion.
The Yankees are the most valuable MLB team at $8.2 billion, tied with the NFL's Chicago Bears for tenth; Forbes lists the Yankees first, so they take the No. 10 slot here.
| # | Name | league | sport | country |
|---|---|---|---|---|
| 1 | Dallas Cowboys | NFL | American football | United States |
| 2 | Golden State Warriors | NBA | Basketball | United States |
| 3 | Los Angeles Rams | NFL | American football | United States |
| 4 | New York Giants | NFL | American football | United States |
| 5 | Los Angeles Lakers | NBA | Basketball | United States |
| 6 | New York Knicks | NBA | Basketball | United States |
| 7 | New England Patriots | NFL | American football | United States |
| 8 | San Francisco 49ers | NFL | American football | United States |
| 9 | Philadelphia Eagles | NFL | American football | United States |
| 10 | New York Yankees | MLB | Baseball | United States |
Teams are ranked by franchise valuation in US dollars, as estimated by Forbes in its December 2025 "World's 50 Most Valuable Sports Teams" report (published December 18, 2025). Forbes' figures are enterprise valuations covering the team's equity plus its share of related businesses and real estate, net of debt. Highest value is rank 1. Inclusion is limited to the top 10 entries of the Forbes global ranking; only teams Forbes itself lists are eligible, so this is not an independent valuation. Where Forbes lists a tie (the New York Yankees and Chicago Bears are both valued at $8.2 billion for the No. 10 slot), the higher-ranked position here goes to the team Forbes lists first, and the tie is noted. Figures are point-in-time estimates and change year to year.
The Dallas Cowboys, valued by Forbes at $13 billion in December 2025 — the first sports team ever to reach that figure. They have topped Forbes' global ranking every year since 2016.
Forbes reports an enterprise valuation: the team's equity plus its share of related businesses and real estate, net of debt. The figures are point-in-time estimates, not sale prices, and are revised each year.
The NFL leads with six of the top ten (Cowboys, Rams, Giants, Patriots, 49ers, and Eagles), the NBA has three (Warriors, Lakers, and Knicks), and MLB has one, the New York Yankees.
No. The top ten of Forbes' 2025 global ranking is entirely US-based across the NFL, NBA, and MLB; European soccer giants such as Real Madrid (No. 20 at $6.75 billion) appear further down the full list of 50.