After being number one the past three years, the Real Madrid soccer team was passed by the Dallas Cowboys.
The NFL dominates the list, with 29 of the 50 most valuable sports franchises in the world. The Chiefs were barely over $1 billion in value as recently as 2014, but now they're poised to cross the $2 billion barrier as soon as next year. Alongside Adidas, the club are sponsored by other big companies such as Chevrolet and 20th Century Fox.
29 of the 32 National Football League franchises made the list.
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The average current value of the top most valuable teams is $2.5 billion, the highest to date, the Associated Press reports, and an increase over a year ago, when the average value was $2.2 billion.
Notably, the Bears only have seven NFL teams ranked ahead of them, while the Cubs and Bulls are the 4th most profitable MLB team and NBA teams. respectively.
The Dallas Cowboys of the National Football League come in on top as the most valuable followed in second by baseball's New York Yankees. But the team's value rose from $1.93 billion in 2016 to $2.3 billion, an increase of 19 percent.