Bob Kraft's New England Patriots are tied with the New York Yankees for the third place as most valuable franchises in sports. The Patriots are valued at $3.2 billion dollars.

All of this according to the new Forbes 'Business of Football' report.

The Dallas Cowboys are #1 in value - $4 billion. Then it's the Real Madrid soccer franchise at $3.26 billlion. Then the Patriots and Yankees.

The average increase from last year for NFL teams is 38% because of increased TV rights fees.

Here's the NFL Top-5...

1.   Dallas  $4B

2.   New England  $3.2B

3.   Washington  $2.85B

4.   NY Giants  $2.8B

5.   San Francisco  $2.7B

* Source Forbes Magazine

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