The Dallas Cowboys have toppled the Washington Redskins from their 7-year reign as the world's most valuable sports franchise, Forbes reports in its annual rankings of NFL teams. Dallas edged out the Redskins ($1.467 billion) and stayed well ahead of other top franchises: the New York Yankees ($1.2 billion) and Manchester United ($1.453 billion).
The NFL is both the most valuable and the most profitable league on the planet. The magazine attributed the Cowboys' upward move to good forward progress on the construction of their juggernaut of a new stadium, which will play host to the Super Bowl in 2011. (Read more NFL stories.)