The World’s 50 Most Valuable Sports Teams 2025

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Six years ago, the world’s most valuable sports team was worth $5 billion. Now, that figure wouldn’t even crack the top 50.

The Dallas Cowboys remain No. 1—as they have every year since 2016—but these days, America’s Team is valued at a stratospheric $13 billion. And there is no shortage of data points to chart the spectacular growth in sports franchise valuations in recent years.

Together, the 50 top teams are worth more than $353 billion, or an average of $7.1 billion each—up 22% from 2024 and more than double the mark from just four years ago. Eight franchises in the top 50 posted year-over-year increases of at least 30%, and that number doesn’t include Formula 1’s Ferrari and Mercedes, which are both up 58% since 2023 but were not valued by Forbes last year.

At the top of the ranking, a year after the Cowboys established the $10 billion club, it has four new members: the Golden State Warriors, estimated at $11 billion, followed by the Los Angeles Rams ($10.5 billion), the New York Giants ($10.1 billion) and the Los Angeles Lakers ($10 billion). And the New York Knicks are already knocking on the door, as the world’s sixth-most-valuable team at $9.75 billion.

Broadly speaking, the soaring sports valuations of the past two decades are the result of a surge in media rights fees. Last year, for instance, the NBA struck 11-year broadcast deals with ABC/ESPN, NBC/Peacock and Amazon Prime Video for a reported $76 billion, or an average of $6.9 billion per year, a roughly $4 billion annual raise over the old agreements. The year prior, the NFL agreed to a package guaranteeing at least $125.5 billion through 2033.

With larger distributions from the leagues—and with teams making big financial gains in areas including sponsorship and premium seating—NBA and NFL franchises have seen their average revenue climb 141% and 91% over the past decade, respectively, to an estimated $417 million and $662 million. And because sports teams are generally valued on multiples of revenue, the extra money is directly pushing up sales prices.

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#1. $13 billion Dallas Cowboys

League: NFL | Owner: Jerry Jones | One-Year Change: 29% | 2024 Rank: 1


#2. $11 billion Golden State Warriors

League: NBA | Owners: Joe Lacob, Peter Guber | One-Year Change: 25% | 2024 Rank: 2

#3. $10.5 billion Los Angeles Rams

League: NFL | Owner: E. Stanley Kroenke | One-Year Change: 38% | 2024 Rank: 3

#4. $10.1 billion New York Giants

League: NFL | Owners: John Mara, Steven Tisch | One-Year Change: 38% | 2024 Rank: 7

#5. $10 billion Los Angeles Lakers

League: NBA | Owners: Mark Walter, Todd Boehly, Jerry Buss Family Trusts | One-Year Change: 41% | 2024 Rank: 8

#6. $9.75 billion New York Knicks

League: NBA | Owner: Madison Square Garden Sports | One-Year Change: 30% | 2024 Rank: 5

#7. $9 billion New England Patriots

League: NFL | Owner: Robert Kraft | One-Year Change: 22% | 2024 Rank: 6

#8. $8.6 billion San Francisco 49ers

League: NFL | Owner: York family | One-Year Change: 26% | 2024 Rank: 10

#9. $8.3 billion Philadelphia Eagles

League: NFL | Owner: Jeffrey Lurie | One-Year Change: 26% | 2024 Rank: 12 (tie)

#10 (tie). $8.2 billion New York Yankees

League: MLB | Owner: Steinbrenner family | One-Year Change: 9% | 2024 Rank: 4

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