Tag: Forbes

Forbes lists Broncos as world’s 19th-most profitable sports team

Forbes says the Broncos are the 19th-most profitable sports team in the world with an estimated three-year operating income of $266 million.

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Buying the Denver Broncos for $4.65 billion last summer looks like a great value purchase for the Walton-Penner family in hindsight.

Since then, the value of NFL teams has continued to skyrocket, and the club’s annual revenue is climbing as well. Forbes recently published a list of the world’s most profitable sports teams and 13 NFL teams made the top 25.

Forbes ranked teams by their 2020-2022 operating income, described as “earnings before interest, taxes, depreciation and amortization.” The Broncos are ranked No. 19 on the list with an estimated $266 million in operating income over the last three years.

Of the NFL teams, the Dallas Cowboys are ranked No. 1 ($1.171 billion), followed by the New England Patriots ($623 million) at No. 2, the Houston Texans ($356 million) at No. 6, the New York Giants ($333 million) at No. 9, the Los Angeles Rams ($318 million) at No. 11, the Washington Commanders ($290 million) at No. 13, the Chicago Bears ($288 million) at No. 15, the Jacksonville Jaguars ($281 million) at No. 17 and then Denver at No. 19.

Rob Walton, the son of late Walmart founder Sam Walton, is the Broncos’ majority owner, but his son-in-law, Greg Penner, handles the team’s day-to-day ownership duties. Football runs in the family, and business is booming.

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13 NFL teams made Forbes’ top-25 list of most profitable sports teams in the world

Here is a look at the 13 NFL teams that cracked Forbes’ top-25 list of most profitable sports teams across the world.

The NFL is king, and the latest Forbes list of profitable sports franchises in the world demonstrates the royalty of American Football.

Forbes took a look at the operating income, which they listed as “earnings before interest, taxes, depreciation and amortization,” of sports teams from MLB, NBA, NFL, NHL, and soccer over the past three years.

The NFL had 13 teams make the top-25 of the list, by far the most representation of any sports. Second was the NBA with six. The Premier League had four teams.

Here is a look at the 13 teams that made Forbes’ list and their operating income.

Report: Rockets in world’s top 25 most profitable sports franchises

According to a new Forbes study, the #Rockets rank No. 23 among global sports franchises in profits this decade. They’re seventh among NBA teams.

The Houston Rockets have struggled on the court in the last three seasons, finishing with one of the NBA’s worst two records in each. However, their earnings away from the game have been world class.

According to Mike Ozanian from Forbes, the Rockets rank No. 23 in the world in recent sports franchise profits. They have banked $240 million over the past three years. The financial list is determined by operating income, which Forbes defines for its study as earnings before interest, taxes, depreciation and amortization.

The 2020s-era list compares teams from the NBA, National Football League (NFL), Major League Baseball (MLB), the National Hockey League (NHL), and soccer franchises from various global leagues.

That No. 23 placement puts the Rockets — owned by Tilman Fertitta, who bought the team in 2017 — between the No. 24 Philadelphia Eagles and No. 22 Pittsburgh Steelers. The Texans, who also play in Houston, finished at No. 6 overall and third among NFL teams.

Houston is seventh among NBA teams, trailing the New York Knicks (No. 4, $623 million), Golden State Warriors (No. 7, $348 million), Los Angeles Lakers (No. 8, $333 million), Chicago Bulls (No. 14, $288 million) and Boston Celtics (No. 18, $269 million).

The complete list can be viewed here.

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Ronaldo becomes world’s highest-paid athlete after Saudi move. Will Messi follow him?

The Al Nassr star is back atop the list for the first time since 2017. But his stay may be short lived

Cristiano Ronaldo has become the world’s highest-paid athlete after his move to Saudi Arabian side Al Nassr, according to Forbes.

The publication released its list of the 10 highest-paid athletes for 2023, which was topped by Ronaldo for the first time since 2017. Lionel Messi came in second and Kylian Mbappé was third.

The trio were the only soccer players on the list, and all draw their huge salaries from Middle Eastern countries. Messi and Mbappé are teammates at Qatari-owned PSG.

Except, not for long! Widespread reports on Wednesday stated that Messi would be leaving PSG at the end of the season when his contract expires. The divorce has been in the works for a while, but was sped up when PSG suspended Messi on Tuesday for an unauthorized trip to — you guessed it — Saudi Arabia.

Messi’s next trip to Saudi Arabia could see him regain his spot atop the Forbes list in 2024. The Telegraph reported that Messi’s representatives are in talks with the Saudi government — for which Messi is already a paid spokesperson — over a deal to bring him to the Saudi Pro League that would be worth a total of $400 million per year.

That would dwarf Ronaldo’s total package of an estimated $136 million.

In a very related story, golfers Phil Mickelson and Dustin Johnson also appear on the Forbes list after leaving the PGA Tour for Saudi-backed LIV Golf.

Forbes Top 10 money list in 2023

1. Cristiano Ronaldo ($136 million)
2. Lionel Messi ($130m)
3. Kylian Mbappé ($120m)
4. LeBron James ($119.5m)
5. Canelo Álvarez ($110m)
6. Dustin Johnson ($107m)
7. Phil Mickelson ($106m)
8. Stephen Curry ($100.4m)
9. Roger Federer ($95.1m)
10. Kevin Durant ($89.1m)

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Phil Mickelson, Dustin Johnson on Forbes list of 10 highest-paid athletes of 2023

DJ and Lefty are cashing some big checks.

The move to the LIV Golf League has deepened the pockets of Dustin Johnson and Phil Mickelson.

On Tuesday, Forbes announced its list of the top-10 highest-paid athletes of 2023, and Johnson and Mickelson each make an appearance. That shouldn’t be a surprise, considering LIV is funded by the Public Investment Fund in Saudi Arabia and each golfer got huge signing bonuses when deciding to leave the PGA Tour and join the breakaway circuit.

However, that additional money has them being compensated with the likes of the most elite athletes in the world.

Johnson is sixth on the list, earning $107 million this year. All but $5 million of that is from on-course earnings. Last year, Forbes reported Johnson made $29 million off the field, but sponsors weren’t too keen with Johnson and others signing with LIV Golf.

Johnson made a LIV-best $35.6 million in prize money, including $18 million for winning the season-long individual championship.

Mickelson comes in seventh on the list, earning $106 million. All but $2 million came in on-course earnings. He earned $1.6 million for his T-2 at the Masters last month. He ranked 31st on last year’s list with $45.3 million earned.

Topping the list is soccer star Cristiano Ronaldo, with Lionel Messi in second and Kylian Mbappe in third.

Behind Mickelson in eighth is basketball star Stephen Curry.

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Forbes: Jaguars owner Shad Khan got 60 percent richer in last year

Shad Khan saw his net worth increase by more than $4 billion in the last year, according to Forbes.

Jacksonville Jaguars owner Shad Khan saw his net worth climb from $7.6 billion to $12.1 billion in the last year, according to Forbes’ annual list of the richest people in the world.

The 59.2 percent increase made Khan No. 144 on the list and makes him the fifth richest NFL owner behind the Denver Broncos’ Rob Walton, the Carolina Panthers’ David Tepper, the Dallas Cowboys’ Jerry Jones, and the Los Angeles Rams’ Stan Kroenke.

Khan, 72, purchased the Jaguars in 2011 for $770 million. The team is now valued at more than $3.4 billion by Forbes.

Also increasing in value is Fulham Football Club, which was purchased by Khan in 2013. The club was promoted to the English Premier League last year and is currently in 10th place.

Additionally, Khan and his son, Tony Khan, founded All Elite Wrestling (AEW) in 2019.

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Sooner great, turned producer Tim Headington earns Oscar win for ‘Everything Everywhere All At Once’

Notable OU alumni Tim Headington is credited as a producer for the 2023 Oscars Best Picture winner “Everything Everywhere All At Once.”

Sports and movies go hand in hand. Sports’ biggest stars have crossed over into film countless times, forming a unique blend of talent, flair, and notoriety.

Oklahoma has a few actors that are alumni of the university. Academy Award-nominated actor Ed Harris and former “Newsroom” actress Olivia Munn. While not a Sooner alumnus, James Garner is a native of Norman, Oklahoma, and has donated to the Weitzenhoffer College of Fine Arts at OU. Garner won an Oscar for his performance in “Murphy’s Romance.”

It’s awards season, and Oklahoma has a connection to this year’s critical darling.

“Everything Everywhere All At Once” won seven Oscars this past weekend. The film’s originality, screenplay, acting, editing, and visual effects were lauded. Distributed by one of the world’s most popular distribution companies, A24, the film dominated the awards circuit.

Tim Headington, a former Oklahoma tennis player, and a Sooner alum, served as a producer on the film. Headington has numerous producer credits on other films such as “The Green Knight,” “Argo” (Best Picture winner in 2013), and “Rango,” which won Best Animated Feature in 2011.

Headington was inducted into the Oklahoma Hall of Fame in 2013 and co-founded the Headington Institute, a nonprofit organization that provides psychological support for humanitarian workers and first responders.

Headington Hall, operated by the OU Athletic Department, is named after Headington due to his generous donations to the betterment of the university. Many Oklahoma athletes live there each academic year, and it offers state-of-the-art amenities for its residents.

Headington’s success as a businessman and philanthropist is well-documented, and he currently sits on Forbes’ billionaire list. Headington is credited as being an executive producer on the upcoming film “Shortcomings,” which was previewed at the illustrious Sundance Fim Festival.

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Surprise, bids for Commanders lower than anticipated

Amazon founder Jeff Bezos hasn’t formally submitted a bid for the Commanders.

Sunday, we learned there were actually no $7 billion bids for the Washington Commanders.

Though Forbes had reported there have been multiple bids exceeding the $7B mark, Front Office Sports Sunday disputed the earlier Forbes numbers, stating that there are no bids higher than $6.3 billion.

What had been a foregone conclusion for many was that Amazon founder Jeff Bezos would be bidding. Surprisingly perhaps that may not be the case after all, as Bezos has yet to place a bid on the Commanders.

It has certainly been no secret that Bezos owns the Washington Post and the Post has been a leader in reporting on a toxic workplace culture under Daniel Snyder’s reign of the then-Washington Redskins.

Secondly, there has also been speculation (not actually reported) that Commanders owner Daniel Snyder would determine that he would never sell to Bezos, but would be willing to sell to other bidders, even if it were a bid less than the bid by Bezos.

Before we get ahead of ourselves, we must keep in mind that, as of now, it has yet to be confirmed officially who has actually submitted bids to Bank of America. It was confirmed, however, that Bezos did not officially place a bid.

FedEx Field is a stadium that is not in good condition, and its location is one where traffic is terribly congested. Snyder attempted feverishly in 2022 to get support for a new stadium but could not garner support from elected officials.

All we can confirm at this point is virtually every Washington Commanders fan is now holding their breadth, fearing that Daniel Snyder might not actually sell.

However, though the price may not be as high as Snyder had hoped, Snyder did choose not to attend Sonny Jurgensen’s jersey retirement. This pretty much communicated to Washington fans that Snyder has checked out and did not want to make an appearance, be seen on camera, be asked questions, etc.

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Warriors land at No. 1 on Forbes NBA team valuations list for first time

The reigning NBA champs landed at No. 1 on Forbes’ annual NBA team valuation list for the first time.

A little over a week ago, the Golden State Warriors unveiled their fourth championship banner from the 2022 title run to go along with three other banners since 2015. On Thursday, the Warriors were crowned with another honor.

According to Forbes, the Warriors are the most valuable team in the NBA. 

For the first time, the Warriors landed at No. 1 in Forbes’ NBA team valuations list. Golden State’s spot at the top marks the first time the Los Angeles Lakers or New York Knicks weren’t No. 1 since Forbes began valuing NBA teams two decades ago.

The Warriors are valued at an eye-popping $7 billion, per Forbes. Since 2021, the Warriors’ valuation has increased by 25%.

The Knicks ($6.1 billion) and the Lakers ($5.9 billion) round out the top three spots on Forbes’ list of NBA team valuations. The average value of an NBA team has increased to 2.86 billion, per Forbes.

Read Forbes’ full list of NBA team valuations here.

Via @Forbes on Twitter:

This post originally appeared on Warriors Wire! Follow us on Facebook and Twitter! 

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Sportico lists Broncos as 10th-most valuable team in the NFL

Sportico says the #Broncos are the 10th-most valuable team in the NFL, with a projected revenue of $540 million in 2022.

Before the Denver Broncos were sold, Forbes estimated that the team was worth $3.75 billion last August.

One year later, another website has the Broncos valued significantly higher. Sportico has released its valuations of NFL teams and Denver’s franchise is worth an estimated $4.65 billion.

It’s no coincidence that $4.65 billion is exactly what the team’s (pending) new ownership group agreed to pay for the team earlier this summer. Sportico has the Broncos listed as the 10th-most valuable team in the NFL, with a 22% increase in value since last year.

Here’s part of what Kurt Badenhausen wrote about the sale on Sportico’s website:

The Broncos sold for roughly nine times 2021 revenue, versus the six times David Tepper paid for the Carolina Panthers in 2018, which was the last NFL sale and the previous NFL record deal at $2.28 billion. The Broncos are projected to generate $540 million in revenue for 2022. Scarcity value plays a significant role in the valuations, with only two teams changing hands since 2013 before the Denver deal. An added bonus: Walton should be able to write off roughly $4 billion of the purchase price to offset his income, thanks to how tax law treats the acquisition of intangible assets.

The Broncos are the most valuable team in the AFC West, above the Las Vegas Raiders ($4.08 billion), Los Angeles Chargers ($3.62 billion) and Kansas City Chiefs (3.54 billion).

The Dallas Cowboys ($7.64 billion) are considered the most valuable team in the league while the Cincinnati Bengals ($2.84 billion) are considered the least valuable. To view the complete list, visit Sportico.com.

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