Despite some hard times on the field in recent years, the Washington Redskins remain one of the most valuable franchises in sports.According to the latest Forbes Magazines rankings the Redskins are the 5th most valuable sports franchise in the world with an estimated value of 1.56 billion.They are just behind the Dallas Cowboys and New York Yankees, who are tied as the most valuable U. S. based team at 1.85 billion. Soccer teams Manchester United (2.23 billion) and Real Madrid (1.88 billion) are the two most valuable sports franchises in the world.The Redskins are high in the ranking in part because they have one of the largest stadiums in the league (even after replacing thousands of upper deck seats with standing areas), a number of lucrative sponsorship deals and a large and loyal fan base.The Redskins get another boost merely by being a member of the National Football League. The NFL dominates the Forbes rankings, holding 32 of the 50 spots. That means, of course, that every team in the league, even smaller-market teams like the Jacksonville Jaguars and Buffalo Bills, is among the most valuable sports properties in the world. The new labor contract that ensures stable labor costs for the next nine years and the 5 billion per year TV contract that starts in 2014 are among the factors that make NFL franchises the most valuable in sports.