Tag: Forbes

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.

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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.

Stephen Ross lands on Forbes’ ‘Most Valuable Sports Empires’ list

His value is not just from the Dolphins.

Stephen Ross, the owner of the Miami Dolphins, has been busy over the last couple of weeks, as his team is trying to find a new head coach to replace Brian Flores.

While he deals with that situation, he’s found himself on Forbes’ list of the most valuable sports empires in 2022. According to Forbes, Ross finds himself at No. 21 on the list of 25 with a value of $3.45 billion. That number comes from his ownership of the Miami Dolphins, Drone Racing League, Champions Cup, and Miami Open.

Ross finished right behind Philadelphia Eagles owner Jeffrey Lurie ($3.5 billion) and just above Los Angeles Clippers owner Steve Ballmer ($3.35 billion).

The top empire on this list was Liberty Media (valued at $17.2 billion). The group has ownership in the Atlanta Braves, Formula 1, Drone Racing League, Kroenke Arena Company, and Meyer Shank Racing.

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Report: Jake Paul earned $40 million in the ring last year

Report: Jake Paul earned $40 million in the ring last year.

Jake Paul demonstrated last year that drawing power isn’t necessarily related to ability.

The YouTuber-turned-boxer earned an estimated $40 million before taxes for his three pay-per-view fights in 2021, according to Forbes. He also made about $5 million outside boxing, including videos.

The $45 million would’ve been No. 20 on the previous year’s list of highest-paid athletes, ahead of No. 1 boxer Canelo Alvarez’s $34 million.

Paul also was No. 2 on the list of highest-earningYouTube personalities for 2021, behind only MrBeast ($54 million).

Paul defeated former MMA stars Ben Askren (TKO 1) and Tyron Woodley (SD) and (KO 6) last year to run his pro record to 5-0. His one-punch stoppage of Woodley in their rematch went viral.

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Report: Jake Paul earned $40 million in the ring last year

Report: Jake Paul earned $40 million in the ring last year.

Jake Paul demonstrated last year that drawing power isn’t necessarily related to ability.

The YouTuber-turned-boxer earned an estimated $40 million before taxes for his three pay-per-view fights in 2021, according to Forbes. He also made about $5 million outside boxing, including videos.

The $45 million would’ve been No. 20 on the previous year’s list of highest-paid athletes, ahead of No. 1 boxer Canelo Alvarez’s $34 million.

Paul also was No. 2 on the list of highest-earningYouTube personalities for 2021, behind only MrBeast ($54 million).

Paul defeated former MMA stars Ben Askren (TKO 1) and Tyron Woodley (SD) and (KO 6) last year to run his pro record to 5-0. His one-punch stoppage of Woodley in their rematch went viral.

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Cowboys News: Rebirth for Jaylon and Leighton? Is McCarthy’s seat already hot?

Don’t give up on the LB duo that took Dallas by storm in 2018, concern for La’el Collins, and the clock’s already ticking for McCarthy. | From @StarConscience and @ToddBrock24f7

Cowboys fans who have already mentally ceded the team’s top two linebacker spots to Micah Parsons and Keanu Neal aren’t alone in their optimism for the newcomers. But don’t give up completely on Jaylon Smith and Leighton Vander Esch quite yet. There’s statistical evidence that says- based on their years- their best days may be yet to come.

And after a bad-luck debut season, head coach Mike McCarthy likely deserves a do-over. But since he won’t get one, it’s fair to ask if he’s already on the hot seat as he oversees a talented team with superstars in their prime. Lots of looking ahead to Tampa, with Dak Prescott ready to rock and roll, Tyron Smith ditching his neck roll, and a rookie defender hoping to get on a roll against the Bucs. There’s concern about La’el Collins’s status for opening night, Week 1 uniform news, details on a Cowboys watch party, and a top-dollar subplot to the Prescott-versus-Brady matchup. All that and more, in News and Notes.

Lions sit near the bottom of NFL franchise values

The Lions remain one of the least-valuable NFL franchises

The Detroit Lions remain among the least-valuable NFL franchises and had a net operating loss in 2020. Those are among the financial reports from Forbes in the publications’ annual rankings of the most valuable pro sports franchises.

The Lions are 30th of the 32 NFL teams in terms of overall franchise value, with the team worth $2.4 billion. Only the Buffalo Bills and Cincinnati Bengals, each valued at $2.27 billion, are less than the Lions. Detroit trails behind the Cleveland Browns by $200 million for 29th place.

One reason for the Lions lowly ranking is that the team posted a net operating loss in 2020 according to Forbes’ figures. The team had a net operating income that was down $22.2 million last year. The lack of fan attendance due to the COVID-19 pandemic certainly played a role.

Disregard the NFL’s 20% drop in revenue during the pandemic-impacted 2020 season, to an average of $381 million per team. Forget that operating income (earnings before interest, taxes, depreciation and amortization) plummeted to an average of $7.1 million a team, from $109 million the previous season. The fact is, money came raining down on the NFL over the past year, pushing the value of the average team up 14%, to $3.48 billion, the biggest gain in five years.

The Dallas Cowboys lead the pack at $6.5 billion, a full $1.5 billion more than the second-place New England Patriots.

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