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2024 Valuation: The sum of the enterprise value of an NFL franchise combined with the value of team-related businesses and real estate holdings.
Team Value: NFL franchise valuation, derived from metrics by which football-team transactions occur, including aggregating local and national revenues and factoring in a team-specific multiplier. This represents the market value of the team itself, excluding related businesses held by its owners. It includes the value of each franchise’s 3.13% interest in the league’s properties, including NFL Network, NFL RedZone, 32 Equity (the private equity investment vehicle established by the NFL in 2013) and its digital platforms, which are acquired/dispossessed in tandem with the sale of a team.
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Team-Related Businesses and Real Estate Holdings: The value of a franchise owner’s equity in team-related businesses that are distinct corporate entities, as well as government-assessed real estate related to venue, practice facilities and adjacent developments. Examples include Cowboys owner Jerry Jones’ 20% interest in Legends Hospitality, a stadium operations corporation; the Washington Commanders’ subsidiaries, which own nearly 400 acres split between 12 parcels near the team’s stadium and practice facility; and the F1 Miami Grand Prix, which Dolphins owner Stephen Ross has a 15-year contract to operate around Hard Rock Stadium.
This category excludes value derived from enterprises determined as too attenuated from the football team’s operations, which fall into three categories:
(1) Rent from non-football, outside-of-stadium retail operations, like the Green Bay Packers’ Titletown venture or New England Patriots’ Patriot Place;
(2) Licensing fees paid by non-football third parties to a team’s sister company for the use of intellectual property.
(3) Team owner’s investment in businesses unrelated to franchise operations. Examples include the Cowboys’ sister company Blue Star Land’s joint…
Source link : https://finance.yahoo.com/news/nfl-franchise-valuations-ranking-list-040100974.html
Author : Sportico
Publish date : 2024-08-13 13:03:01
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