A lot of people want to know what a team is worth. By that, they tend to mean the financial value attached to a club, its players, and its management. Ryan Grigson, the new personnel executive at the Cleveland Browns, believes that the value of his team cannot truly be expressed in a monetary amount. Rather, what makes the Browns so great is their long and interesting history and, above all else, their fantastic fan base. That being said, investors and other pundits do want to know what the figures behind the club are as well.
Ryan Grigson Discusses the Financial Value of the Cleveland Browns
The Cleveland Browns are currently valued at $1.5 billion. In 2014, they had a revenue of $313 million. Their operating income in that same year was just $35 million. The Browns were fully purchased by Jimmy Haslam in 2015, who bought it from Randy Lerner for $987 million. These figures mean that the Cleveland Browns ranks 25th out of 32 different teams.
The first place team in terms of value are the Dallas Cowboys. They are currently valued at $4 billion and had a $620 million revenue in 2014. The operating income was $270 million that year. The Dallas Cowboys have been the most valuable team in the NFL for 9 years in a row. This is mainly because of their revenue, which is the highest in the league by at least one hundred million dollars.
Second place is held by the New England Patriots. They are valued at $3.2 billion. Their 2014 revenue was $494 million and their operating income was $195 million. Last season, during Kraft ownership, the Patriots won their 4th Super Bowl. It is believed that this was one of the most exciting NFL title games ever to be held.
In third place are the Washington Redskins with a current value of $285 billion. In 2014, their revenue was $439 million and their operating income was $125 million. Thousands of seats were recently removed from their stadium, however, which is worrying. It is as a result of a 5th season drop in demand for Redskins tickets.
Fourth place is held by the New York Giants, currently valued at $2.8 billion. Their 2014 revenue was $400 million and their operating income was $105 million. V position is held by the San Francisco 49ers, valued at $2.7 billion. They had a 2014 revenue of $427 million and a $124 million operating income. When they opened their Santa Clara stadium in 2014, costing $1.2 billion, the teams value increased by 69%. No other NFL team has been able to repeat this.
In final place of the Buffalo Bills. Their value is $1.4 billion and their revenue in 2014 was $296 million. Meanwhile, their operating income was $44 million. Last October, Ralph Wilson, the founding owner of the Buffalo Bills, died. Terry and Kim Pegula, the current owners of the Buffalo Sabres who play in the NHL, paid $1.4 billion for the buffalo Bill’s in an effort to rescue them.