Value of NFL team’s drops Dan Leberfeld
Is the recession impacting NFL teams?
You better belief it is.
According to Forbes Magazine, the value of NFL team’s went down last year.
“Last year proved that even the blue chip National Football League has not been immune to the recession,” wrote Michael Ozanian of Forbes. “NFL team values fell 2% last season to an average of $1.02 billion, the first decline since Forbes began tracking the league’s finances in 1998, with 21 of the league’s 32 teams seeing their worths drop. (Note: Our valuations are enterprise values, and include revenue from stadiums but not the value of the real estate.) Team values slipped because the bad economy has reduced demand (there are fewer people with the cash to buy a team, and borrowing has become more difficult) and less nonbroadcasting revenue for many teams.”
So maybe making $12-13 million a year isn’t that bad after all.