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Cowboys Lead 2025 Forbes List of Most Valuable Sports Teams at $13 Billion

Forbes measures enterprise value, capturing team economics beyond stadium real estate.

Dec 14, 2025; Arlington, Texas, USA; Dallas Cowboys players take the field before a game against the Minnesota Vikings at AT&T Stadium. Mandatory Credit: Raymond Carlin III-Imagn Images
Dec 14, 2025; Arlington, Texas, USA; Dallas Cowboys tight end Luke Schoonmaker (86) runs after a catch during the second half against the Minnesota Vikings at AT&T Stadium. Mandatory Credit: Raymond Carlin III-Imagn Images
Dallas Cowboys are the most valuable sports team of 2025 with USD 13 billion.

Overview

  • The 50 most valuable teams are worth more than $353 billion in total, averaging $7.1 billion each, up 22% year over year.
  • The top five are the Dallas Cowboys ($13.0B), Golden State Warriors ($11.0B), Los Angeles Rams ($10.5B), New York Giants ($10.1B) and Los Angeles Lakers ($10.0B).
  • NFL franchises occupy 30 of the top 50 slots, with only four soccer clubs included; the New York Yankees lead MLB at $8.2B and Ferrari tops Formula 1 at $6.5B.
  • Year-over-year surges include a 29% jump for the Cowboys and roughly a 38% rise for the Giants from prior estimates.
  • Rising valuations are tied to media-rights windfalls and premium seating revenue, including the NBA’s 11-year, $76 billion deals and the NFL’s contracts guaranteeing at least $125.5 billion through 2033.