Photo by Rory.

Despite having an owner that no one seems to like (please don’t sue us for saying that) and a team that has produced mediocre on-field performances over the last few seasons, the “Washington” Redskins remains one of the world’s most valuable teams, reports Forbes:

The Washington Redskins rank No. 5 at $1.55 billion, despite finishing in the basement of the NFC East for four straight years. The Redskins have made the playoffs only three times since Dan Snyder bought the team in 1999. Attendance at FedEx Field fell 7.5% last season, but still ranked fourth highest among NFL teams. The ‘Skins generate $50 million annually from sponsors, including a 27-year, $207 million naming rights deal with FedEx. The Redskins are turning over the keys to the franchise to quarterback Robert Griffin III, who the club selected with the second overall pick in the 2012 NFL draft. Griffin won the 2011 Heisman Trophy while at Baylor.

Topping the list is Manchester United ($2.33 billion), followed by Real Madrid ($1.88 billion) and the New York Yankees and Dallas Cowboys tying for third ($1.85 billion a piece). The Redskins came in just above the Los Angeles Dodgers, New England Patriots and Barcelona.

The hype surrounding the ‘Skins most recent acquisition, Robert Griffin III, can only help the team’s fortunes (hopefully financially and on the field), but Dan Snyder’s attempt to drive team fandom further and further into Virginia could eventually come at the expense of their core supporters in and around D.C.

Amazingly, despite the fact that the Redskins are worth oodles of money, Snyder still managed to get Virginia Gov. Bob McDonnell to kick in some public funds to keep the team’s training facility in the Old Dominion.