Manchester United might have gone without a trophy last season, but that has not stopped the English Premier League club from topping the Forbes list of world's most valuable sports teams.
According to Forbes, United are worth $2.23 billion, 19 percent more than the second-placed team Real Madrid, which is worth $1.88 billion.
Manchester United have a host of big sponsorships, with Aon paying $31 million a year to put its name on the team's jerseys in a deal that runs through 2014.
Last year, DHL Express signed a four-year deal with the club worth a reported $62 million to sponsor Manchester United's practice jerseys; the first case of a practice jersey sponsorship deal for soccer in the UK.
Nike manages the team's merchandise sales and the agreement is worth a minimum of $39 million annually for Manchester United based on overall sales in a deal through 2015.
Barcelona, at $1.31 billion, are the next soccer team in 8th, while Arsenal went down three places to 10th with an estimated worth of $1.29 billion.
NFL teams dominate the top 50, with all 32 franchises making the cut. Dallas Cowboys leads the way, tying for third with the New York Yankees at $1.85 billion.
The List:
1. Manchester United ($2.23 billion)
2. Real Madrid ($1.88 billion)
3. New York Yankees ($1.85 billion)
3. Dallas Cowboys ($1.85 billion)
5. Washington Redskins ($1.56 billion)
6. Los Angeles Dodgers ($1.4 billion)
6. New England Patriots ($1.4 billion)
8. Barcelona ($1.31 billion)
9. New York Giants ($1.3 billion)
10. Arsenal ($1.29 billion)
11. Bayern Munich ($1.23 billion)
11. New York Jets ($1.23 billion)
13. Houston Texans ($1.2 billion)
14. Philadelphia Eagles ($1.16 billion)
15. Ferrari ($1.1 billion)
16. Chicago Bears ($1.09 billion)
16. Green Bay Packers ($1.09 billion)
16. Baltimore Ravens ($1.09 billion)
19. Indianapolis Colts ($1.06 billion)
20. Denver Broncos ($1.05 billion)
21. Pittsburgh Steelers ($1.02 billion)
22. Miami Dolphins ($1.01 billion)
23. Carolina Panthers ($1 billion)
23. Boston Red Sox ($1 billion)
25. Seattle Seahawks ($997 million)
26. San Francisco 49ers ($990 million)
27. AC Milan ($989 million)
28. Kansas City Chiefs ($986 million)
29. Tampa Bay Buccaneers ($981 million)
30. Cleveland Browns ($977 million)
31. New Orleans Saints ($965 million)
32. Tennessee Titans ($964 million)
33. San Diego Chargers ($920 million)
34. Arizona Cardinals ($901 million)
35. Los Angeles Lakers ($901 million)
36. Chicago Cubs ($879 million)
37. Cincinnati Bengals ($875 million)
38. Detroit Lions ($844 million)
39. Atlanta Falcons ($814 million)
40. McLaren ($800 million)
41. Minnesota Vikings ($796 million)
42. Buffalo Bills ($792 million)
43. New York Knicks ($780 million)
44. St Louis Rams ($775 million)
45. Oakland Raiders ($761 million)
45. Chelsea ($761 million)
47. Jacksonville Jaguars ($725 million)
48. Philadelphia Phillies ($723 million)
49. New York Mets ($719 million)
50. Texas Rangers ($674 million)