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Monday, July 16, 2012

Patriots Still The 6th Most Valuable Team In The World, Red Sox No. 24 According To Forbes

Nothing can keep the New England Patriots' value down, as evidenced by Forbes Magazine's latest rankings of the world's 50 most valuable sports franchises.

Just like last year, Bob Kraft's NFL team is sixth with an estimated value of $1.4 billion (up from $1.37 billion in 2011). He bought the downtrodden team in 1994 for $175 million which was an NFL record for that time. Remember when he tried to move them to Hartford, CT? That dumb idea seems like a million years ago. I'm no billionaire or even millionaire, but I'd say that was a good investment and decision to stay in Foxboro.

The Patriots are tied with the Los Angeles Dodgers, behind soccer superpowers Manchester United ($2.23 billion) and Real Madrid ($1.88 billion), the New York Yankees and Dallas Cowboys ($1.85 billion) and Washington Redskins ($1.56 billion).

That makes New England the third most valuable NFL franchise and fourth most lucrative American sports team. Don't ask me how the Redskins are higher, perhaps uberbozo Dan Snyder made up his profits, it wouldn't surprise me.

Everyone knows the NFL is the undisputed king in America and with profit sharing not to mention insane contracts for broadcast rights with four major networks, all 32 NFL teams are in the top 50. If you're looking to make money, the average NFL team is worth $1.04 billion with 15 over that insane mark. Of course, the Jacksonville Jaguars bring up the rear at an estimated value of $725 million. Remind me again why they are still in that backwater market with no team in LA?

The only other Boston team to make the list was the Boston Red Sox who despite all their dumb moves and losing ways the past three years, found themselves sitting at No. 24 overall ($1 billion). You know that burns Red Sox owners John Henry and Tom Warner, plus president and CEO Larry Lucchino to be so far behind the Pats so expect them to make an all out marketing blitz (if that's possible) to squeeze even more money from a team that we all wish they had sold years ago.






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