Which Sports Team Is Worth the Most Money?
Forbes recently released their list of the most valuable sports teams in the world, and there are some surprising results. The Dallas Cowboys top the list, worth an estimated $4.8 billion. The New York Yankees are close behind, worth an estimated $4.6 billion.
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The Dallas Cowboys
One team that always seems to be in the news is the Dallas Cowboys. The team was founded in 1960 and has since become one of the most iconic sports franchises in history. The Cowboys have won five Super Bowls and are worth an estimated $4 billion, making them the most valuable sports franchise in the world.
The New York Yankees
The New York Yankees are an American professional baseball team based in the Bronx, New York City. They compete in Major League Baseball (MLB) as a member club of the American League (AL) East division. They are one of two major league clubs based in New York City, the other being the National League’s (NL) New York Mets. The Yankees began play in the 1901 season as the Baltimore Orioles (no relation to the modern Baltimore Orioles). In 1903, Frank Farrell and Bill Devery purchased the franchise after it ceased operations and moved it to New York City, renaming the club the New York Highlanders. The Highlanders were officially renamed the Yankees in 1913.
The team is owned by Yankee Global Enterprises, an LLC controlled by the family of the late George Steinbrenner, who purchased complete control of the team in 1973 for $8.7 million. The Steinbrenner family maintains a controlling stake in both SportsNet New York, which broadcasts all Yankees games as part of MLB’s television contract with them, and Yankee Stadium Corporation, which owns and operates Yankee Stadium as well as manages all non-baseball events held there. Jonathan Kraft serves as president of Yankee Global Enterprises while Hank Steinbrenner is chairman of Yankee Stadium Corporation and Hal Steinbrenner is managing general partner and co-chairperson of Yankees Global Enterprises.
The Yankees have won 27 World Series championships, 40 American League pennants (tied for most all time with their rivals, the St. Louis Cardinals), and lead Major League Baseball in overall wins with 10,644 games played through 2019—the most championships among any U.S.-based professional sports franchise ever overtaking their previous mark set by MLB’s St. Louis Cardinals during that same season. They also match up with baseball’s Atlanta Braves for number of National League pennants won with 14—the second most among any North American professional sports franchise behind only those same Cardinals—and have won 22 East Division titles since its creation in 1969; more than any other AL team has managed during that timespan across baseball’s other three divisional alignment changes since then (1977 for West/East, 1994 for Central/East/West). The franchise plays its home games at Yankee Stadium
The Los Angeles Lakers
The Los Angeles Lakers are an American professional basketball team worth $4 billion, making them the most valuable sports team in the world. The Lakers compete in the National Basketball Association (NBA), and are one of the most successful teams in the league, having won 16 NBA championships, the second-most behind the Boston Celtics. The Lakers play their home games at Staples Center, which they share with the Los Angeles Clippers and Los Angeles Kings of the NHL. The Lakers are owned by Jerry Buss, who purchased the team in 1979 for $67 million.
The New England Patriots
As of September 2019, the New England Patriots are worth $4.1 billion, making them the most valuable sports franchise in the world. The team is owned by Robert Kraft, who bought the team in 1994 for $172 million.
The Patriots have been one of the most successful teams in NFL history, winning six Super Bowls since 2001. The team’s recent success has helped increase its value, as the franchise is now worth nearly 25 times what Kraft paid for it.
While the Patriots are currently the most valuable sports franchise, they are not the most valuable company in the world. That distinction goes to Apple, which is worth an estimated $1 trillion.
The Golden State Warriors
The value of the Golden State Warriors has risen rapidly in recent years. The team is now worth an estimated $5 billion, making it the most valuable franchise in the NBA. The Warriors are also one of the most valuable sports teams in the world, ranking sixth among all sports teams.
The Warriors’ success on the court has played a major role in their increased value. The team has won three NBA championships in the last four years, and they show no signs of slowing down. The Warriors’ on-court success has led to increased revenue from ticket sales, merchandise sales, and television contracts.
The Warriors are also benefiting from their location in the San Francisco Bay Area. The Bay Area is one of the most affluent regions in the United States, and the Warriors are able to tap into this wealth with high ticket prices and premium seating options. The Warriors are also able to generate revenue from corporate partnerships and sponsorships. In addition, the new Chase Center, which will open its doors for the 2019-20 season, is expected to be one of the most lucrative arenas in the NBA.
The Golden State Warriors are currently riding high, but it remains to be seen how long their run of success will last. If the team can continue to win championships and fill their new arena with fans, they should remain one of the most valuable franchises in sports for years to come.