Here are the NFL's most valuable teams of 2020:
Values are up 7% for football franchises despite the pandemic. Four teams are now worth at least $4 billion each, up from two last year, as the Giants and the Rams join an exclusive club. onight’s NFL season opener between the Kansas City Chiefs and the Houston Texans is a showcase event for the world champion Chiefs, the first game Super Bowl MVP Patrick Mahomes will play under a fresh $500 million contract.
“There are two main things you care about when you are buying a team: How much do I have to pay to get the team, and how much money can I take out of the team or have to put into the team in the future?” says Sal Galatioto, president of the sports banking firm that bears his name, Galatioto Sports Partners.Last season, NFL franchises posted $477 million of revenue, on average, and generated $109 million of operating income per team, trouncing the NBA , MLB and the NHL .
And while the pandemic is likely to cut average team revenue by about a third and leave the NFL facing a break-even year, the downturn will be short lived. The NFL will likely soon sign new national media rights deals that will begin in 2023 and are expected to average roughly $15 billion a year, twice the value of its current media agreements.
“The NFL has a long history of support from fans and sponsors, low leverage and strong debt-service ratios relative to its peers,” says Chad Lewis, a senior director at Fitch Ratings.
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