FORBES: Real Madrid Top Most Valuable Sports Team List

Real Madrid have been named the world's most valuable sports team by Forbes, edging Dallas Cowboys and New York Yankees into second and third respectively.

The Spanish football powerhouse lead the Forbes list of the 50 most valuable sports franchises for the third consecutive year, although Forbes pegs their value at $3.26 billion, down slightly from last year.

The Cowboys and Yankees are next at $3.2 billion, with each franchise making a big jump from last year's projection.

Real Madrid Tops List Of Richest Clubs In The World As Ronaldo Also Leads Richest Players (Forbes)

For the first time since business magazine Forbes began its rankings, two Spanish sides, Real Madrid and Barcelona, sit at the top of the list of the richest clubs in the world.

Real Madrid top the pile for the second year running, with an estimated value of €2.472 billion, 4% up on last year's figure. They have annual revenues of €485 million and an operating income of €124 million.

Barcelona's value stands at €2.3 billion, a 23% increase compared to 2013, when the Catalan club ranked third behind Manchester United. United, who had topped the rankings until being dethroned by Real Madrid last year, are now third with a valuation of €2.02 billion.

NBA: Kobe Bryant TopsForbes 2014 NBA’s Highest-Paid Players

Forbes dropped their list of the top earning players in the NBA and Kobe Bryant leads, especially with him being in the final season of his three year 83.5 million dollar contract with the Lakers back in 2010. He is the first player since Jordan to top $30 million with his playing salary. The NBA’s 10 highest-paid players will collectively bank $358 million this year, including $149 million from sponsors.

Check out the list after the cut....

FORBES: Knicks Is NBA's Most Valuable Team

The New York Knicks, for the second straight year, are the NBA's most valuable franchise, according to the annual league list that was published by Forbes on Wednesday.

The Knicks topped the list at a worth of $1.4 billion, helped along by the renovation of Madison Square Garden, which in part led to an all-time record profit of $96 million last season.

The Los Angeles Lakers finished second with a valuation of $1.35 billion on the heels of turning what Forbes says was a $66 million operating profit last year despite a league-high payroll and a luxury-tax bill of $29.3 million. The Chicago Bulls, at $1 billion, are the NBA's third billion-dollar team. Four years of league-leading attendance and control of player costs have turned the Bulls into a solid cash cow.