Sportico releases 2023 NFL franchise valuations (Bills at 29)

[chongli]

Sportico just released its 2023 valuations for each NFL franchise. These values are skyrocketing. The link has valuations back to 2020 if you are interested. The Bills are looking pretty good compared to what the Pegulas paid for the team.

 

https://www.sportico.com/feature/nfl-team-values-ranking-list-1234684165/

 

Rank (Change) - Team - 2023 Valuation (billions) - 1 Year % Change

[highest totals for each column are in bold and green]

 

1. (-) Dallas - 9.20 billion - 20%

2. (+2) NY Giants - 7.04 - 23%

3. (-1) LA Rams - 6.94 - 17%

4. (-1) New England - 6.70 - 14%

5. (-) San Francisco - 6.15 - 19%

6. (+1) NY Jets - 6.11 - 27%

7. (+1) Washington - 6.05 - 27%

8. (-2) Chicago - 6.00 - 20%

9. (-) Philadelphia - 5.95 - 27%

10. (+5) Las Vegas - 5.77 - 41%

11. (-) Houston - 5.35 - 16%

12. (+4) Miami - 5.24 - 29%

13. (+4) Atlanta - 5.15 - 33%

14. (-4) Denver - 4.87 - 5%

15. (-3) Seattle - 4.82 - 10%

16. (-3) Pittsburgh - 4.80 - 13%

17. (-3) Green Bay - 4.75 - 13%

18. (+1) LA Chargers - 4.63 - 28%

19. (+1) Kansas City - 4.52 - 28%

20. (-2) Minnesota - 4.43 - 19%

21. (+2) Tennessee - 4.37 - 33%

22. (-) Carolina - 4.27 - 27%

23. (-2) Baltimore - 4.24 - 23%

24. (+2) Indianapolis - 4.21 - 30%

25. (+2) Cleveland - 4.20 - 32%

26. (-1) New Orleans - 4.19 - 29%

27. (+1) Arizona - 4.17 - 32%

28. (-4) Tampa Bay - 4.15 - 27%

29. (-) Buffalo - 4.13 - 38%

30. (+1) Detroit - 4.10 - 43%

31. (-1) Jacksonville - 4.04 - 37%

32. (-) Cincinnati - 4.00 - 41%

 

Below is how Sportico calculated the values:

 

"2023 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 and its digital platforms, which are acquired/dispossessed in tandem with the sale of a team.

 

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%-plus interest in Legends Hospitality, a stadium operations corporation; and the Washington Commanders’ subsidiaries, which own nearly 400 acres split between 12 parcels near the team’s stadium and practice facility.

 

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 ventures with real estate partners or the Formula 1 race in Miami operated by Dolphins’ owner Stephen Ross. 

 

For franchises that do not own their venues, the value of a team’s lease—often with advantageous terms negotiated with municipal or state authorities—is captured in the Team Value category."

 

[The data would have been very amenable to a table using the TBD feature, but you can't apparently change the column widths, so I elected not to create one.]

Edited August 9, 2023 by chongli

[Richard Noggin]

And yet my wages remain mostly the same. 

 

[Doc Brown]

We'd be first if we put a roof on the new stadium.

[mrags]

1 hour ago, Richard Noggin said:

And yet my wages remain mostly the same. 

 

In other words, because of the ridiculous inflation, you took a massive pay cut. 

[Richard Noggin]

Just now, mrags said:

In other words, because of the ridiculous inflation, you took a massive pay cut. 

 

We are most of us always taking pay cuts.

[JoPoy88]

All driven mostly by market size it appears (with the exception of Green Bay) so no surprises here.

[Bangarang]

Not a bad investment for Pegula. 

[Buffalo_Stampede]

1 hour ago, Bangarang said:

Not a bad investment for Pegula. 

Someone said buying the Bills for $1.3 billion or whatever was a bad investment. Not sure who he was, but I don’t think it was anyone important.

[Doc]

33 minutes ago, Buffalo_Stampede said:

Someone said buying the Bills for $1.3 billion or whatever was a bad investment. Not sure who he was, but I don’t think it was anyone important.

I don’t recall anybody saying that. I only recall people saying that they sorely over paid for the team. 

[Gregg]

Terry bought the team for 1.4 billion and now they are worth 4.13 billion. Nice return on your investment Terry. NFL owner = owing a cash cow.

[Buffalo_Stampede]

48 minutes ago, Doc said:

I don’t recall anybody saying that. I only recall people saying that they sorely over paid for the team. 

Same thing? Someone also said they wouldn’t be winner.

Just now, Gregg said:

Terry bought the team for 1.4 billion and now they are worth 4.13 billion. Nice return on your investment Terry. NFL owner = owing a cash cow.

Sabres worth $400 million more also. Not bad.

[Gregg]

4 minutes ago, Buffalo_Stampede said:

Same thing? Someone also said they wouldn’t be winner.

Sabres worth $400 million more also. Not bad.

 

Not bad for a small market hockey team. 

[Mr. WEO]

Not a big difference from the Forbes numbers each year (should be out soon).

 

Including, for example, Jones's ownership of 20% or Legends and the Commanders owning 400 acres near the stadium is a bit shady.  If either owner sold the team, he's not going to include those.

[Doc]

1 hour ago, Buffalo_Stampede said:

Same thing? Someone also said they wouldn’t be winner.

Sabres worth $400 million more also. Not bad.

 

No, not the same thing.  Overpaying initially and getting a $2.7B return in 8 years is a fantastic investment no matter how you look at it.  

 

Agree on the Sabres.  Hopefully they finally make it back to the playoffs this coming season.

Edited August 9, 2023 by Doc

[Gregg]

38 minutes ago, Doc said:

 

No, not the same thing.  Overpaying for the Bills and getting a $2.7B return in 8 years is a fantastic investment no matter how you look at it.  

 

Agree on the Sabres.  Hopefully they finally make it back to the playoffs this coming season.

 

I think that is a very good bet. My guess is they have the type of season the Devils had last year. I also think they will win a round in the playoffs as well.

Edited August 9, 2023 by Gregg

[Aimee75]

We were dead last a couple years ago, so I think they will keep moving on up, especially if they keep winning and of course the new stadium.

[T master]

Well a turd always floats to the top it seems & if you look at the top there are a few up there & as it's been said here it has a lot to do with the size of those cities & how much cash they generate for the NFL & not so much how good the club is over all IMHO . 

[SF Bills Fan]

Pretty much what you'd expect. The bottom 3rd starting at 22 to 32 are pretty much all the same in value with Tennessee and KC slightly out of the orbit. Those are all smaller market teams. I am curious as to what the new stadium will do to bump up revenue for the Bills and therefor the value. It'll probably jump The Bills up a few spots. I could see the Bills on par with Baltimore and Indy in value. Good investment for the Pegulas. Nearly 3 billion increase in less than 10 years. It takes money to take money.

[Beast]

Not a whole lot of difference between 14 and 32.

[SoCal Deek]

So you’re saying if I’d have won the Mega Millions lottery last night I could’ve bought 1/4 of an NFL Team? Snap! 😡