Sports are big business in America. NFL TV rights will be over $ 100 billion for the period 2023 to 2033. This may be because of new competition for TV games. Bidders included CBS, ESPN / ABC, Fox and NBC. A new player, Amazon, was also in the game.
While the NFL generally gets the richest media offerings and its teams generate the highest revenues among the four professional sports, the revenues of the MLB, the NBA and the NHL have also increased sharply over the past year. decade.
This push for new sources of revenue and new bidders for programming has also been driven by emerging media, the most visible of which is streaming. Even Yahoo’s online hobbyhorse is in the sports streaming business.
The Forbes rating of professional sports teams has been the gold standard since the 1990s. Unlike other rating models, its data includes hard-to-find information like stadium contracts. Additionally, Forbes also expanded its review list to professional football, which extended its analysis to franchises outside of the United States.
Forbes recently released their “World’s Most Valuable Sports Teams 2021”. And, football has turned the ranking of the list upside down. However, the most valuable team in the United States and around the world is the Dallas Cowboys, which has held the top spot for years. Forbes assesses its value at $ 5.7 billion. That’s a 43% increase over the past five years according to Forbes research. Owner Jerry Jones bought the team in 1989 for $ 150 million, a surprisingly low price by today’s standards.
The financial strength of the NFL is evident in a look at the 50 Most Valuable Teams in the World. According to Forbes:
The 50 teams on this year’s roster come from four sports — football (26), basketball (9), soccer (9) and baseball (6) —all of which are propelled by ever-increasing media rights deals, the factor most important to land in the top 50.
Recent team-buying transactions across all five sports show that valuations continue to rise. Billionaire investor Steve Cohen bought the troubled New York Mets in 2020 for $ 2.4 billion. Forbes analysis shows the Mets lost $ 125 million last year.
A final trend that Forbes lists show is that major league sports teams are very often owned by billionaires. This includes longtime owners like the Kraft family who bought the New England Patriots in 1994 from the Los Angeles Clippers who were bought by former Microsoft CEO Steve Ballmer for $ 2 billion in 2014.
Click here to read The Greatest Sports Teams That Have Disappeared