Manchester United have fallen from second to sixth, in the latest Forbes’ list of the world’s most valuable sports teams.
The Red Devils are now behind Real Madrid (third) and Barcelona (fourth), who have retained their respective positions from 2018.
Five other football teams make the top 50: Bayern Munich (17th), Manchester City (25th), Chelsea (32nd), Arsenal (42nd) and Liverpool (45th).
NFL side Dallas Cowboys have retained their place at No.1 for the fourth successive year with a value of $5billion.
Baseball side New York Yankees ($4.6b) are second, with basketball team New York Knicks ($4b) completing the top five behind Real ($4.24b) and Barca ($4.02b).