Top Billionaire Franchises of Football
Buying a football franchise has turned several franchisees into billionaires. According to Forbes, a wave of luxury boxes, ad deals and tv contracts have pushed 19 of 32 NFL franchises over the billion-dollar pre-debt value. And the Dallas Cowboys, Washington Redskins and New England Patriots are valued at more than a billion net of debt.
In 1989 he [franchisee Jerry Jones] bought the Cowboys for $150 million with the multimillion-dollar fortune he made from natural gas drilling in the 1970s. Twenty years--and three Super Bowl rings--later, the team is worth $1.65 billion (or $1.45 billion after accounting for debt). Return on investment net of debt: 865%. - Forbes.com
It’s not just a vanity investment. Forbes writes, “Several billionaires command a 10-figure fortune SOLELY because of their gridiron squads.” Since last August, the average net of debt value of the NFL’s 32 franchises has held flat. During the same time that much of the rest of the economy melted. And the average franchise’s operating income increased 31% from $24.7 million to $32.3 million.
Here’s a slideshow of the billionaire football franchisees.
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Related Reading:
- Forbes’ The Business of Football, a business snapshot of each NFL franchise
- Franchise Commercials of Super Bowl XLIII
- Top 5 Greatest Super Bowl Commercials from Franchise Chains
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