Tag: Forbes

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.

[lawrence-auto-related count=3]

[stnvideo key=”LNjJvVP9Lp-2658620-7617″ type=”float”]

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.

[lawrence-auto-related count=1 tag=701604399]

[mm-video type=playlist id=01eqbz7cqqgxy50qwt player_id=01eqbvp13nn1gy6hd4 image=]

Contact/Follow us @SoonersWire on Twitter, and like our page on Facebook to follow ongoing coverage of Oklahoma news, notes, and opinions. You can also follow Bryant on Twitter @thatmanbryant.

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.

[mm-video type=playlist id=01eqbykgy681k112p8 player_id=01eqbvhghtkmz2182d image=]

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! 

[mm-video type=video id=01gggbj4ea7wv98v5hnb playlist_id=01eqbzn13a62wp14fp player_id=none image=https://images2.minutemediacdn.com/image/upload/video/thumbnail/mmplus/01gggbj4ea7wv98v5hnb/01gggbj4ea7wv98v5hnb-c3bbc143c4f779b300d1e231e2d255b2.jpg]

[listicle id=65645]

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.

Follow the Broncos Wire Podcast:
Apple Podcasts | Spotify | Google Podcasts

[listicle id=683900]

Forbes list of 2022 highest-paid golfers in the world features seven LIV Golf players

Forbes reported that LIV boosted the earnings of the 10 highest-paid golfers by an estimated $370 million since May.

They say money talks, which in part explains LIV Golf’s “Golf, but Louder” motto.

According to a report from Forbes on the highest-paid golfers in the world for 2022, the upstart series led by Greg Norman and backed by Saudi Arabia’s Public Invest Fund, “has boosted the earnings of the ten highest-paid golfers by an estimated $370 million since May, bringing their combined haul to a record $650 million.”

Let that sink in for a second.

Seven of the world’s top 10 highest-paid golfers now play for LIV Golf, leaving just Tiger Woods, Rory McIlroy and Jordan Spieth as the outliers. Check out each player’s on-course and off-course earnings over the last year below (all figures courtesy of Forbes).

Arkansas Football is among the top 20 most valuable programs in the nation

Being a member of the SEC in addition to having a strong, supportive fan base means a huge annual payday for Arkansas football.

College football is a huge business, and usually turns a huge profit year in and year out.

College football programs earn money in a handful of ways, from media contracts to revenue sharing between teams in a program’s conference, even from overwhelming support from their loyal fanbases.

GoBankingRates recently compiled a list of college football programs that have brought in the most money over a three-year span according to Forbes. Among those programs? The Arkansas Razorbacks.

The Razorbacks rank 16th among the top-25 most valuable programs in the nation by reeling in $95M annually, and will continue to climb the ranks says GoBankingRates:

This number will continue to rise under the direction of Sam Pittman, who took a dormant SEC program and pushed the Razorbacks to eight wins in Year 2. An Outback Bowl win would go a long way in continuing this team’s momentum into 2022 and create quite the fanfare for next season.

Who are the other programs that reel in a huge profit every year? Here’s the top-20 most valuable college football programs in the country:

A look at college football’s most valuable teams as conference expansion unfolds

A look at college football’s most valuable teams as conference expansion unfolds.

The landscape of college football is changing again with conference expansion.

UCLA and USC are leaving the Pac-12 for the Big Ten. The Bruins and Trojans will begin Big Ten competition in 2024.

Oklahoma and Texas are leaving the Big 12 for the Southeastern Conference with 2025 as a potential start date.

A list from Forbes in 2019 shows which college football teams have the most monetary value.

“So much for amateur athletics—the sport’s 25 most valuable programs combine to earn an average of $1.5 billion in profit on annual revenues of $2.7 billion,” Forbes noted when detailing college football’s most valuable teams.

Forbes’ three-year average revenue and profit data can be viewed here.

How the SEC was formed by leaving a 23-team super conference

How a 30-team SEC would resemble college football’s past

Below is Forbes’ top-25 most valuable college football teams.

Rob Walton hasn’t won bid for Broncos yet, but report says he will

Forbes says Rob Walton will win the bid for Broncos. While that might happen, the report is premature.

Walmart heir Rob Walton hasn’t won the bidding for the Denver Broncos just yet, but he is the presumed favorite.

Walton is leading one of four groups that are expected to submit second-round bids for Denver’s NFL franchise by this afternoon. The three other groups are led by Josh Harris, Jose E. Feliciano and Mat Ishbia, according to KUSA-TV’s Mike Klis.

Walton’s group, which includes his son-in-law, Greg Penner, is expected to submit a bid worth about $4.5 billion, according to Mike Ozanian of Forbes.com. Ozanian also reported that Walton is set to become the team’s new owner after winning the bid.

With an estimated net worth north of $60 billion, Walton has long been considered the presumed favorite, but multiple outlets — including USA TODAY — indicated Monday that the Forbes report is premature.

Second-round bids “haven’t been submitted yet and therefore reports about one finalist emerging as a favorite are premature,” Parker Gabriel of USA TODAY Sports tweeted Monday morning.

Meanwhile, Broncos kicker Brandon McManus tweeted Monday that the winning bid will be in the range of $5 billion.

Regardless of whether it’s closer to $4.5 billion or $5 billion, the sale is expected to set a new record price for a sports team in the United States.

Once the bids are submitted on Monday afternoon, the process could move along quickly, with a new owner potentially announced later this month.

Follow the Broncos Wire Podcast:
Apple Podcasts | Spotify | Google Podcasts

[listicle id=680546]

Shad Khan cracks Forbes’ ‘Most Valuable Sports Empires’ list

Khan’s empire is valued at $4.80 billion and includes ownership stakes in Fulham FC and All Elite Wrestling, in addition to the Jaguars.

Jacksonville Jaguars fans may not have the highest opinion of Shad Khan’s tenure as the owner of the team. Since Khan bought the franchise from the Weaver Family in 2012, the Jags have gone just 42-119 with only one winning season in the mix. Some feel that Khan is more interested in his downtown real estate investments and development projects than he is in building a competitive team, and while that may be fair, there’s no denying his success in the sports business.

On Forbes’ list of the most valuable sports empires, Khan ranks No. 12 with his ownership stake in England’s Fulham FC and All Elite Wrestling in addition to the Jaguars. Khan’s properties are collectively valued at $4.80 billion, just behind Maple Leaf Sports & Entertainment, which owns the Toronto Raptors, Toronto Maple Leafs, Toronto FC, Toronto Argonauts and Toronto Marlies. It’s also just ahead of the Benson family, who owns the New Orleans Saints and Pelicans.

At the top of the list is Liberty Media, which has ownership in the Atlanta Braves, Formula 1, Drone Racing League, Kroenke Arena Company, and Meyer Shank Racing.

Considering Khan paid just $770 million to purchase the Jags, he has made the franchise more valuable. He just needs the on-field success to follow.