The average valuation of NFL teams reached an unprecedented high of $5.1 billion, marking a notable 14% increase compared to figures from 2022. This surge was fueled by augmented television revenues and the landmark $6.05 billion acquisition of the Washington Commanders—valued at 11 times its revenue—by a consortium led by billionaire Josh Harris in July.
Throughout the 2022 season, the league's 32 teams witnessed an 8% uptick in average revenue, soaring to $581 million. However, operating income, encompassing earnings before interest, taxes, depreciation, and amortization, experienced a 14% decline, averaging $126 million. This decline can be attributed to a significant year-over-year rise in player benefits, which were deferred due to the pandemic. With the NFL's recent television contracts and impending adjustments to its debt ceiling, these valuations are poised for further expansion by 2024.
The Dallas Cowboys maintain their status as the league's most valuable franchise, boasting a staggering valuation of $9 billion, representing a 13% increase from the previous year. Notably, the Cowboys lead the NFL in both revenue generation ($1.1 billion) and operating income ($500 million).
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List of Top 10 Most Valuable NFL Teams 2024
The projected television revenue accruing to the NFL by 2033 is expected to surpass current estimates significantly. This anticipated surge stems from the league's potential extension of its partnership with Disney into 2033. Furthermore, the commercial rights associated with the Sunday Ticket, particularly revenue from establishments such as bars and restaurants, are poised to yield an additional $1.4 billion by the conclusion of 2029.
Here is the complete list of the top 10 most Valuable NFL teams in 2024:
RANK | TEAM | STATE | CURRENT VALUE | 1-YR CHANGE IN VALUE (%) | DEBT/VALUE (%) | REVENUE | OPERATING INCOME |
1 | Dallas Cowboys | TX | 9 B | 13 | 3 | 1.14 B | 504 M |
2 | New England Patriots | MA | 7 B | 9 | 4 | 684 M | 206 M |
3 | Los Angeles Rams | CA | 6.9 B | 11 | 46 | 686 M | 125 M |
4 | New York Giants | NJ | 6.8 B | 13 | 7 | 639 M | 216 M |
5 | Chicago Bears | IL | 6.3 B | 9 | 2 | 556 M | 203 M |
6 | Las Vegas Raiders | CA | 6.2 B | 22 | 22 | 729 M | 72 M |
7 | New York Jets | NJ | 6.1 B | 13 | 9 | 560 M | 126 M |
8 | Washington Commanders | MD | 6.05 B | 8 | 17 | 545 M | 87 M |
9 | San Francisco 49ers | CA | 6 B | 15 | 5 | 622 M | 152 M |
10 | Philadelphia Eagles | PA | 5.8 B | 18 | 3 | 598 M | 187 M |
Jerry Jones, the visionary behind the Dallas Cowboys, exemplifies mastery in scaling operations. His franchise, now valued at an astonishing $9 billion, stands as the most valuable in the realm of sports. During the previous season, the Cowboys amassed an impressive $1.14 billion in revenue, coupled with an operating income (EBITDA) of $500 million. These figures represent a staggering 56% and 133% increase, respectively, compared to any other football team.
Jones, at 80 years old, has amassed a wealth of knowledge and experience in the industry. Notably, he acquired the Cowboys for a modest $150 million in 1989. As a testament to his success, other teams are keen to glean insights from his strategies. In recognition of his achievements, the Cowboys' owner is set to be featured in his own Netflix docuseries, offering a glimpse into his secrets and methodologies.
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