Football still dominates our annual ranking, but no sport has seen more dramatic increases than basketball with its surging international business.
Don’t look for Real Madrid to set any records with regard to the richest sports team sale, currently $2.3 billion for the sales of the Carolina Panthers in 2018 and the Brooklyn Nets in 2019. Real is owned by its more than 90,000 members, who elect a club president. It’s a similar structure at rival Barcelona, which ranks fourth overall with a value of $4.02 billion.NBA teams have made the most dramatic moves this decade. The New York Knicks headline nine hoops teams in the top 50 this year.
Three NBA franchises have been sold for at least $2 billion since 2014 . The prior NBA-record sale price was $550 million for the Milwaukee Bucks, which closed three months before Steve Ballmer’s $2 billion blockbuster purchase of the Clippers., with 300 million basketball players in China and annual revenue growing outside the U.S. at a rate in the high teens.
The NFL remains the most dominant sports leagues with more than half of the 50 most valuable sports franchises, but the other major sports chipped away at its dominance during the past year. The discount bin is empty when shopping for teams in the major sports leagues. Every NFL, NBA and MLB franchise is now worth at least $1 billion.
Manchester United was the world’s only pro sports team worth more than $2 billion in 2012. Now there are at least 50, including almost every NFL team.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
29 New World Heritage Wonders From UNESCO: Full Winners ListOne of the world's greatest contests, at least some of these sites should be on everyone's 'must-visit' list.
Read more »
Miss Michigan stripped of title over 'offensive' social media postsKathy Zhu received an email Thursday dismissing her as a Miss World America pageant participant and revoking her Miss Michigan World America title.
Read more »
Does Ursula von der Leyen have the right skills for the EU Commission?As defence minister, Ursula von der Leyen championed a networked, active German role in the world
Read more »