Forbes: Cowboys worth $4.2B, most valuable team in NFL
NEW YORK (AP) — Not only are the Dallas Cowboys the most valuable team in the NFL, they are worth more than any franchise in sports.
Forbes’ NFL valuations show the Cowboys worth $4.2 billion, easily topping the league for the 10th straight year. Next closest are the New England Patriots at $3.4 billion.
Earlier this year, Forbes cited Jerry Jones’ team as the world’s most valuable franchise.
Dallas has $700 million in revenues and $300 million in operating income.
The average NFL team is worth $2.34 billion, a 19 percent increase over last year. That increase is primarily due to more rights fees for Thursday night games, the Rams’ relocation from St. Louis to Los Angeles, the Vikings moving into their new stadium in Minneapolis and the Atlanta Falcons nearing completion of their new stadium.
Stan Kroenke’s Rams made the biggest change in value, up 100 percent.
Team values are determined by equity plus net debt and based on each team’s current stadium (with adjustments for pending new stadiums and renovations). Revenue and operating income (earnings before interest, taxes, depreciation and amortization) are for the 2015 season, including any net of stadium debt service. Revenue from non-NFL events such as concerts and stadium tours, is included when such revenue goes to the team owner or owners.
The New York Giants ($3.1 billion), San Francisco 49ers ($3.0 billion) and Washington Redskins ($2.95 billion) round out Forbes’ top five.
Buffalo has the lowest team worth at $1.5 billion.
Here's the complete list of NFL team values for 2016:
1) Dallas Cowboys - $4.20B 2) New England Patriots - $3.40B 3) New York Giants - $3.10B 4) San Francisco 49ers - $3.00B 5) Washington Redskins - $2.95B 6) Los Angeles RAms - $2.90B 7) New York Jets - $2.75B 8) Chicago Bears - $2.70B 9) Houston Texans - $2.60B 10) Philadelphia Eagles - $2.50B 11) Denver Broncos - $2.40B 12) Miami Dolphins - $2.38B 13) Green Bay Packers - $2.35B 14) Baltimore Ravens - $2.30B 15) Pittsburgh Steelers - $2.25B 16) Seattle Seahawks - $2.23B 17) Minnesota Vikings - $2.20B 18) Indianapolis Colts - $2.18B 19) Atlanta Falcons - $2.13B 20) Oakland Raiders - $2.10B 21) San Diego Chargers - $2.08B 22) Carolina Panthers - $2.075B 23) Arizona Cardinals - $2.03B 24) Tennessee Titans - $2.00B 25) Jacsonville Jaguars - $1.95B 26) Kansas City Chiefs - $1.88B 27) Cleveland Browns - $1.85B 28) Tampa Bay Buccaneers - $1.80B 29) New Orleans Saints - $1.75B 30) Cinccinnati Bengals - $1.68B 31) Detroit Lions - $1.65B 32) Buffalo Bills - $1.50B