The Cowboys are once again the league's most-valuable team and the world's most valuable sports franchise, worth an estimated $4.8 billion.
Forbes reports "new and renovated stadiums are adding to team coffers," with the Vikings enjoying $60 million in new revenue annually at their new stadium, and the Falcons' value jumping 19% to $2.48 billion, thanks to over $900 million in sponsorship commitments at their new stadium.
And, "NFL teams are also set for a windfall from the relocations of the Rams and Chargers to Los Angeles, plus the Raiders expected move to Las Vegas in 2019 or 2020. The 29 non-moving teams will divvy up $1.65 billion with the Chargers and Rams on the hook for a $650 million fee and the Raiders at $350 million. The moving teams will make the payments over 10 years starting in 2019."
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Not surprising when you have owners investing hundreds of millions into city-owned stadiums & the development around them, like Patriot Place, and Shad Khan's riverfront...
ReplyDeleteThey pay for the land from private developers...but we give them the public land for free. And they keep all the profits. That doesn't make the most sense, does it?
DeleteIt wouldn't "make sense" if it was true.
Delete