Chiefs among 50 most valuable sports franchises in the world

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Forbes estimates the Cowboys' value at $4.2 billion, dwarfing the New York Yankees' runner-up status at $3.7 billion.

Manchester United are English football's only representatives within the top 20.

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Knicks owner James Dolan has struggled to find on-court success, but that hasn't prevented the team from being among the most valuable sports franchises.

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According to the website, the rankings are "based on Forbes valuations done over the past year for NFL, NHL, NBA, MLB, F1, soccer and Nascar". Spanish rivals Barcelona drop down 1 place from third to fourth whilst Real Madrid dropped 3 places to fifth.

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After just cracking Forbes list of the world's 50 most valuable sports teams in 2016, the Jacksonville Jaguars have climbed eight spots to land at the No. 42 spot of this year's edition of the list. German champions Bayern Munich are ranked in fifteenth place with a value of $2.71 billion.

That's a sizable jump, but Kansas City is ahead of only six National Football League teams in terms of value: the Cleveland Browns, Tampa Bay Buccaneers, New Orleans Saints, Buffalo Bills, Detroit Lions and Cincinnati Bengals. Other Premier League teams alongside United include Manchester City, Arsenal and Chelsea.

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The Chiefs enjoyed an overall value increase, per Forbes, of 23 percent over the previous year. No Formula 1 teams made the cut, not even Mercedes after winning the F1 title past year.

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