In Forbes latest rankings of professional sports teams, the Dodgers were ranked as the seventh most valuable franchise amongst all teams worldwide.

The top three teams were all soccer teams and the Dodgers ranked behind the Yankees as the most valuable baseball franchise at $1.615 billion.

Here is what Forbes had to say about the Dodgers and the Guggenheim Group:

“The Dodgers are close to finalizing a 25-year deal with Time Warner Cable worth as much as $8.5 billion. The deal would kick off next season. The Dodgers opening day payroll in 2012 was $105 million, but this year’s is over $200 million thanks to a flurry of trades, contract extensions and free agent signings.”

The Dodgers new owners announced themselves after they completed the trade with the Boston Red Sox and continued in the winter with the signing of Zack Greinke.

Dodger Stadium received a face-lift in the off-season with two new scoreboards while the lower bowl seating area was redone as well as the Dodger clubhouse.

While three European soccer teams were ranked one-through-three, the Dodgers were the fourth ranked North American franchise in a list compiled mostly by NFL teams.

With the new Time Warner deal and the aggressive nature of the ownership group, the Dodgers should continue to see their value increase in the coming years.