Page 80 - Forbes Magazine-October 31, 2018
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FORBES 400 DIED, DECLINED THE PRICE OF THE BILLIONAIRES’ FROM 2012:
NOTABLE NEWBIES OR LEFT BEHIND (VERY) GOOD LIFE BIGGEST BUYS DORSEY’S DREAM
Cash Cowboy:
Dallas owner
Jerry Jones.
SPORTSMONEY
GAME OF
INCHES
Why the boom in NFL team values
has slowed to a crawl.
NATIONAL FOOTBALL LEAGUE team values have plateaued.
The value of an average franchise increased 2% over the past year,
to $2.57 billion. That was the smallest increase since 2011, when the
average figure increased 1.4%. When adjusted for inflation, values fell
by 0.7% this year.
The primary reason: the dearth of people who have the liquid
wealth to buy 30% of an NFL team. When Jerry Richardson put the
Carolina Panthers up for sale after last season, some pundits were
predicting the team could go for $3 billion. Billionaire David Tepper
got it for $2.3 billion because he was the only person at the table with
enough cash to satisfy the league’s financing rules.
The NFL has the strictest ownership requirements among the four
major U.S. leagues. In a team sale, the general partner must own at
MATT HAWTHORNE EXCLUSIVE NFL TEAM VALUES
OCTOBER 31, 2018 FORBES | 25
