Tag: Forbes

Cowboys named most valuable sports franchise for 6th straight year

America’s Team has increased in value, even despite the down year of COVID, to lead all sports teams with a $5.7 billion valuation.

Once again- when it comes to dollars and cents, anyway- there is no entity in all of sports like America’s Team. Forbes has ranked the Dallas Cowboys the most valuable sports franchise on the planet for the sixth year in a row.

Despite a down year in which the COVID-19 pandemic cancelled some leagues’ seasons outright, wreaked havoc with scheduling, and forced teams to play before modest crowds (and often, completely empty stadiums), The average value of the 50 most valuable sports franchises jumped 9.9% from last year, according to the magazine’s Mike Ozanian.

Owner Jerry Jones and the Cowboys lead the way financially, with a valuation on the team of $5.7 billion.

That’s a mind-boggling return on investment, considering Jones originally paid $150 million for the Cowboys back in 1989 (and was laughed at for overpaying). In the past five years alone, the team has seen a 43% increase in value, demonstrating the astronomical star power that the brand possesses in today’s society, seemingly regardless of real-world economics… and even independent of whether the team is successful on the field.

Jones has “added a number of big-ticket amenities,” Forbes notes, “including a modern stadium stacked with luxury boxes, a new corporate headquarters and practice facility called The Star, a merchandising business and licensing arrangement with the NFL, and an equity stake in the stadium management company Legends, as well as investments in esports and a platform built to support youth sports. The team delivered operating profits of $425 million on revenue of $980 million in the 2019 season, record results for the franchise.”

Business is booming across the NFL, as 26 of the 50 teams on the magazine’s list are pro football franchises. Basketball and soccer have nine teams each; baseball is represented by six clubs.

Behind the Cowboys at the top spot are MLB’s New York Yankees and the New York Knicks of the NBA. Barcelona and Real Madrid from European soccer round out the top five.

The Patriots (No. 8) and the Giants (No. 9) are the Cowboys’ closest competition from the NFL, with valuations of $4.4 and $4.3 billion, respectively.

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Tiger Woods’ agent Mark Steinberg is No. 42 on Forbes’ list of most powerful sports agents

According to Forbes, Tiger Woods’ agent Mark Steinberg has a total of 35 clients and contracts worth over $101 million.

The green in the world of golf doesn’t simply refer to putting surfaces, as there’s plenty of cash to be made on the pro golf circuit. But only one agent associated with the PGA Tour cracked the Forbes list of the 2020 world’s leading sports agents, which was released on Tuesday.

According to the list, only Mark Steinberg made the top 50, notching the 42nd spot in the annual offering. Steinberg has been with Woods since 1998.

Steinberg has boasted a power-packed lineup of golf stars for years, including Tiger Woods, Justin Thomas and Justin Rose. He’s a partner at Excel Sports Management, which Forbes ranks as the third-most valuable agency.

According to Forbes, Steinberg has a total of 35 clients and contracts worth over $101 million.

There is a caveat — according to the article, contract earnings are counted for team-sport athletes; endorsement earnings are not. For golf (and tennis), agents do not make commissions from their clients’ on-court/course earnings, only from the marketing dollars they help generate, for which they receive an average of 20 percent.

Tiger Woods, left, and agent Mark Steinberg

That means it’s not exactly an apples-to-apples measurement since agents who represent golfers are measured by those marketing figures and not winnings.

Others on the list who stand out include Scott Boras, who tops the group and has negotiated a total of $3.2 billion for his clients, a jump of 30 percent over 2019; Rich Paul, who jumped to No. 9 on the list with a bevy of basketball stars on his roster; and rapper Jay-Z, who is listed at No. 27 with $28.7 million in commissions off $1.1 billion on contracts.

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Terry Pegula among NFL owners listed in Forbes 400

Buffalo Bills owner Terry Pegula lands on Forbes 400 list.

Buffalo Bills co-owner Terry Pegula finds himself on a list that plenty of us will envy. Forbes released their annual list, the Forbes 400, ranking the wealthiest Americans in 2020.

While Pegula isn’t exactly in the falling in line amongst the Jeff Bezos, Bill Gates and Mark Zuckerbergs of the world (the top-three listed by Forbes, for what it’s worth), Pegula does sit in nice company among NFL ownership. Overall, Pegula has the eighth-highest net worth among league owners at $5.5 billion. In terms of the grand scheme of things, Pegula lands at No. 129 overall on Forbes’ list.

Here’s how the top-10 owners in the NFL breakdown:

  • David Tepper (Panthers): 41st | $13B
  • Jerry Jones (Cowboys): 56th | $8.6B
  • Stan Kroenke (Rams): 59th | $8.3B
  • Shad Khan (Jaguars): 66th | $7.8B
  • Stephen Ross (Dolphins): 74th | $7.4B
  • Robert Kraft (Patriots): 93rd | $6.6B
  • Arthur Blank (Falcons): 105th | $6.1B
  • Terrance Pegula (Bills): 129th | $5.5B
  • Stephen Bisciotti (Ravens): 154th | $4.6B
  • Janice McNair (Texans): 197th | $3.9B

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Tyson Fury No. 1 combat sports star on Forbes’ highest-paid celebrities list

Tyson Fury ranks No. 1 among combat sports stars on Forbes’ list of highest-paid celebrities.

Editor’s note: This article was originally published on DAZN.com.

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Combat sports made its presence felt on Forbes’ Celebrity Top 100 list for 2020.

The top-earning fighter was heavyweight titleholder Tyson Fury, who came in at No. 34 with earnings of $57 million. Fury made $50 million for three fights, highlighted by an estimated payday of $26 million for his stoppage of Deontay Wilder in February.

The two-time heavyweight champion also garnered a multi-million-dollar payday wrestling at WWE Crown Jewel in Saudi Arabia in November. And “The Gypsy King” came out with a book in November titled “Behind The Mask,” which has sold more than 200,000 copies.

The only MMA fighter to make the list was Conor McGregor, who came in at No. 53 at $48 million. “Notorious” made an estimated $32 million for his 40-second destruction of Donald Cerrone at UFC 246 in January.

The other $16 million came by way of endorsements from Reebok, EA Sports and Wynn Resorts. The financials for his whiskey, Proper No. Twelve, weren’t revealed. That would have put the 32-year-old higher in the rankings.

Unified heavyweight boxing champion Anthony Joshua was tied at No. 57 with pop artist Pink at $47 million. One spot below was Joshua’s rival, former titlist Deontay Wilder, at No. 59 at $46.5 million.

Joshua received $36 million for his victory over Andy Ruiz Jr. in December. The remaining income for the Brit was from sponsors like Electronic Arts, Hugo Boss, Jaguar, Under Armour and William Hill.

Wilder gained $46 million for two fights, with $25 million coming from the loss to Fury.

The last fighter on the list was current unified middleweight champion Canelo Alvarez at No. 91, with earnings of $37 million.

Alvarez made $35 million when he jumped up two weight classes to score an 11th-round knockout of Sergey Kovalev in November to capture a light heavyweight title. His sponsorship income came from Everlast, LVMH Moet, Hennessy and Louis Vuitton.

Topping the list was Kylie Jenner, who raked in a whopping $590 million.

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Tyson Fury No. 1 combat sports star on Forbes’ highest-paid celebrities list

Tyson Fury ranks No. 1 among combat sports stars on Forbes’ list of highest-paid celebrities.

Editor’s note: This article was originally published on DAZN.com.

***

Combat sports made its presence felt on Forbes’ Celebrity Top 100 list for 2020.

The top-earning fighter was heavyweight titleholder Tyson Fury, who came in at No. 34 with earnings of $57 million. Fury made $50 million for three fights, highlighted by an estimated payday of $26 million for his stoppage of Deontay Wilder in February.

The two-time heavyweight champion also garnered a multi-million-dollar payday wrestling at WWE Crown Jewel in Saudi Arabia in November. And “The Gypsy King” came out with a book in November titled “Behind The Mask,” which has sold more than 200,000 copies.

The only MMA fighter to make the list was Conor McGregor, who came in at No. 53 at $48 million. “Notorious” made an estimated $32 million for his 40-second destruction of Donald Cerrone at UFC 246 in January.

The other $16 million came by way of endorsements from Reebok, EA Sports and Wynn Resorts. The financials for his whiskey, Proper No. Twelve, weren’t revealed. That would have put the 32-year-old higher in the rankings.

Unified heavyweight boxing champion Anthony Joshua was tied at No. 57 with pop artist Pink at $47 million. One spot below was Joshua’s rival, former titlist Deontay Wilder, at No. 59 at $46.5 million.

Joshua received $36 million for his victory over Andy Ruiz Jr. in December. The remaining income for the Brit was from sponsors like Electronic Arts, Hugo Boss, Jaguar, Under Armour and William Hill.

Wilder gained $46 million for two fights, with $25 million coming from the loss to Fury.

The last fighter on the list was current unified middleweight champion Canelo Alvarez at No. 91, with earnings of $37 million.

Alvarez made $35 million when he jumped up two weight classes to score an 11th-round knockout of Sergey Kovalev in November to capture a light heavyweight title. His sponsorship income came from Everlast, LVMH Moet, Hennessy and Louis Vuitton.

Topping the list was Kylie Jenner, who raked in a whopping $590 million.

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Forbes: Broncos are 11th-most valuable team in the NFL

The Broncos are worth $3 billion, making them the 11th-most valuable franchise in the NFL.

The Denver Broncos are the 25th-most valuable sports team in the world and the 11th-most valuable NFL team, according to a 2020 estimate from Forbes. The franchise moved up one spot in the world ranking from last year (No. 26) but Denver kept its No. 11 ranking among NFL clubs.

Forbes estimates that the Broncos are worth $3 billion, a notable increase from their valuation of $2.65 billion in 2019. Denver is the most valuable team in the AFC West, above the Las Vegas Raiders ($2.9 billion), Los Angeles Chargers ($2.5 billion) and Kansas City Chiefs ($2.3 billion).

Forbes says the Dallas Cowboys are the most valuable sports team in the world, worth $5.5 billion. MLB’s New York Yankees ($5 billion) and the NBA’s New York Knicks ($4.6 billion) are Nos. 2-3 on the list.

Late Broncos owner Pat Bowlen purchased the team for $78 million in 1984. Right now, the team is under the control of the Pat Bowlen Trust. Brittany Bowlen, one of Pat’s daughters, appears to be the frontrunner to become the next controlling owner.

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Forbes values Washington Football Team at $3.4 billion; 14th highest in sports

Though Washington is usually near the bottom of the standings, they still rank near the top of the NFL for franchise value.

Calls for Dan Snyder to sell the Washington Football Team have been prevalent over the past decade, but the recent developments, including a sexual/verbal abuse case that’s been brought up within the organization, has caused those calls to become rampant among fans.

While it seems crazy to think that Snyder — a lifelong Washington fan —would actually sell the team anytime soon, what type of money would he make by giving up control? Forbes recently broke down the most valuable franchises in all sports, and it placed a nice price tag on the Washington Football Team.

According to Forbes, Washington ranks as the 14th most valuable sports team in the world, valued at $3.4 billion. They are tied with the Los Angeles Dodgers for that spot, and they rank as the seventh most valuable team in the NFL.

Snyder bought the Washington Football Team back in 1999 for $750 million, so by our math, he would stand to make $2.65 billion in a potential sale. While that number may be big enough to force anyone into consideration, don’t get your hopes up that Washington will have new ownership in the near future. Snyder seems to want to stick around for a long time to come, and I don’t see much changing that.

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Where do Jets rank among Forbes’ most valuable teams in the world?

The New York Jets are valued as the 17th most valuable franchise in the world, according to Forbes.

Despite 10 years without a playoff appearance, the New York Jets’ value continues to increase.

Forbes recently released its annual list, which highlights the world’s 50 most valuable teams. The Jets find themselves tied with the Chicago Bulls and Cubs for 17th on Forbes’ list, valued at $3.2 billion. That puts New York as the eighth-most valuable franchise in the NFL, which holds 27 spots on the list.

Forbes had the Jets valued at $2.85 billion in 2019. In the span of a year, Gang Green has seen its value increase by over 5 percent.

The Jets are valued higher than the Texans, Eagles, Broncos, Packers, Steelers and Seahawks, among others. These are multiple teams that have had sustained success, many of whom have won Super Bowls recently.

New York’s valuation just goes to show that, even without results, New York is one of the most profitable markets in the entire world. For comparison’s sake, the Giants are valued at $3.9 billion. That’s with winning two Super Bowl’s this century. The Giants, Knicks and Yankees are also valued among the top-10 most valuable teams in the world.

Forbes rates Chiefs as 45th-most valuable franchise in sports

The value of the franchise increased by $200 million following the 2019 season and so did the team ranking.

If you’re wondering what the Kansas City Chiefs’ Super Bowl LIV win did for the value of the franchise, we now have a pretty good idea. Forbes has published its annual list of the 50 most valuable sports franchises and the Chiefs remain among the most valuable sports franchises in the world.

Last year’s list saw Kansas City worth $2.1 billion and ranked No. 47 with no increase in value. The year prior the team had seen a 12% increase in value and was ranked at No. 43. This year Clark Hunt’s team has ascended in the rankings with a 7.7% increase in value to $2.3 billion and a No. 45 ranking on the list. When you consider that the Chiefs only cost Lamar Hunt $25K back in 1960, I’d say that’s a pretty great return on investment.

Perhaps the most surprising thing here is that the franchise value didn’t increase more coming off of its first Super Bowl victory in 50 years. Still, Kansas City is considered one of the smallest NFL markets, so to even be recognized on this list is a huge win each year. What’s disappointing is that the Chiefs will likely take a hit in value with the COVID-19 pandemic impacting things like ticket sales during the upcoming season.

The Chiefs also continue to be the least valuable franchise among the four teams in the AFC West. Here’s a look at where their rival teams rank:

  • Denver Broncos – 25th – $3 billion
  • Las Vegas Raiders – 26th – $2.9 billion
  • Los Angeles Chargers – 38th (tie) – $2.5 billion

The Raiders jumped quite a bit in their move from Oakland as they were ranked 34th last year. The Chargers are the least valuable sports franchise in Los Angeles, despite moving into SoFi Stadium with the Rams.

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