{"id":5628,"date":"2023-01-08T13:08:08","date_gmt":"2023-01-08T13:08:08","guid":{"rendered":"https:\/\/atswins.ai\/blog\/why-2023-will-be-another-milestone-year-for-sports-franchisee-sales\/"},"modified":"2023-01-08T13:08:08","modified_gmt":"2023-01-08T13:08:08","slug":"why-2023-will-be-another-milestone-year-for-sports-franchisee-sales","status":"publish","type":"post","link":"https:\/\/atswins.ai\/blog\/why-2023-will-be-another-milestone-year-for-sports-franchisee-sales\/","title":{"rendered":"Why 2023 Will Be Another &#8216;Milestone Year&#8217; For Sports Franchisee Sales"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>While major stock market indices just posted their worst years since 2008, major sports leagues such as the NBA and NFL reported record earnings and highest franchise sales in 2022.<\/p>\n<p>According to one industry expert, these sales aren&#8217;t likely to slow down any time soon.<\/p>\n<p>&#8220;If some of those teams [for sale] Bill Mulvihill, head of US Bank Sports and Entertainment Group, told Yahoo Finance:  \u201cThere is no reason to believe that valuations will go backwards,\u201d he said.<\/p>\n<p>Walmart (WMT) heir Rob Walton&#8217;s record-breaking $4.65 billion sale of the Denver Broncos has pushed sports franchise valuations to new highs in 2022.<\/p>\n<figure class=\"caas-figure\">\n<div class=\"caas-figure-with-pb\" style=\"max-height: 639px\">\n<div>\n<div class=\"caas-img-container caas-img-loader\" style=\"padding-bottom:67%;\"><img decoding=\"async\" class=\"caas-img caas-lazy has-preview\" alt=\"Greg Penner, Condoleezza Rice, Rob Walton, Melody Hobson and Carrie Walton Penner were filmed after the NFL approved the purchase of the Denver Broncos Sports franchise.  (Photo by Hyoung Chang\/The Denver Post)\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/ykwa5MhbS6ZRbEU0n1g.yg--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTYzOQ--\/https:\/\/s.yimg.com\/os\/creatr-uploaded-images\/2022-08\/a496fc30-3087-11ed-ad6b-4841c826625a\"\/><noscript><img decoding=\"async\" alt=\"Greg Penner, Condoleezza Rice, Rob Walton, Melody Hobson and Carrie Walton Penner were filmed after the NFL approved the purchase of the Denver Broncos Sports franchise.  (Photo by Hyoung Chang\/The Denver Post)\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/ykwa5MhbS6ZRbEU0n1g.yg--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTYzOQ--\/https:\/\/s.yimg.com\/os\/creatr-uploaded-images\/2022-08\/a496fc30-3087-11ed-ad6b-4841c826625a\" class=\"caas-img\"\/><\/noscript><\/div>\n<\/div>\n<\/div>\n<p><figcaption class=\"caption-collapse\">Greg Penner, Condoleezza Rice, Rob Walton, Melody Hobson and Carrie Walton Penner were filmed after the NFL approved the purchase of the Denver Broncos Sports franchise.  (Photo by Hyoung Chang\/The Denver Post)<\/figcaption><\/p>\n<\/figure>\n<p>More high-value sports teams are on sale this year, including MLB&#8217;s Los Angeles Angels of Anaheim and Washington Nationals, Premier League&#8217;s Manchester United, and NFL team Washington Commanders.<\/p>\n<p>According to Forbes, Commanders could sell for more than $7 billion, dwarfing the previous record set by Walton&#8217;s acquisition of the Broncos.<\/p>\n<p>Mulvihill, like other industry experts, believes that sports&#8217; rising valuations are due to the industry&#8217;s growing ties to big tech.<\/p>\n<p>In 2022, Apple (AAPL) will broadcast MLB games and inject nearly $2.5 billion into Major League Soccer (MLS) over the next decade.  The NFL signed a $1 billion annual deal with Amazon (AMZN) to give exclusive streaming rights to the NFL Sunday Ticket to YouTube (GOOG) for an estimated $2.5 billion.<\/p>\n<p>Al Guido, president of the San Francisco 49ers and chairman and CEO of Elevate Sports Ventures, told Yahoo Finance:  &#8220;I didn&#8217;t realize how valuable it would be if I could cut the cord. It was really the only sticky thing left, in terms of eyeballs.&#8221;<\/p>\n<figure class=\"caas-figure\">\n<div style=\"\">\n<div>\n<div class=\"caas-img-container caas-img-loader noheight\"><img decoding=\"async\" class=\"caas-img caas-lazy has-preview\" alt=\"Amazon Prime Video Thursday Night Football Analyst Andrew Whitworth speaks before the Dallas Cowboys-Tennessee Titans game on December 29, 2022.  (Photo credit: Cooper Neill\/Getty Images)\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/JRtU1t5DR4vfdNkd5XNoew--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MA--\/https:\/\/s.yimg.com\/os\/creatr-uploaded-images\/2022-12\/74f299f0-8dfa-11ed-bf69-3c03a41acdc8\"\/><noscript><img decoding=\"async\" alt=\"Amazon Prime Video Thursday Night Football Analyst Andrew Whitworth speaks before the Dallas Cowboys-Tennessee Titans game on December 29, 2022.  (Photo credit: Cooper Neill\/Getty Images)\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/JRtU1t5DR4vfdNkd5XNoew--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MA--\/https:\/\/s.yimg.com\/os\/creatr-uploaded-images\/2022-12\/74f299f0-8dfa-11ed-bf69-3c03a41acdc8\" class=\"caas-img\"\/><\/noscript><\/div>\n<\/div>\n<\/div>\n<p><figcaption class=\"caption-collapse\">Amazon Prime Video Thursday Night Football Analyst Andrew Whitworth speaks before the Dallas Cowboys-Tennessee Titans game on December 29, 2022.  (Photo credit: Cooper Neill\/Getty Images)<\/figcaption><\/p>\n<\/figure>\n<p>According to Mulvihill, media is the main driver of sports revenue, accounting for more than 50% of most teams&#8217; revenues.  In a league like the NFL, where national broadcast revenue is evenly distributed, it&#8217;s easy to see revenue growth and potential ROI.<\/p>\n<p><button class=\"link caas-button collapse-button\" aria-label=\"\" title=\"\" data-ylk=\"elm:readmore;slk:Story continues\">story continues<\/button><\/p>\n<p>Last year, the Green Bay Packers reported $347.3 million in shared media revenue. The Packers cost him about $501 million and he made a 70% surplus before the regular season started.  His billion-dollar deals with companies like Amazon and Google (GOOGL) make those teams even more valuable.<\/p>\n<p>Michael Rapkoch, Founder and CEO of Sports Value Consulting, told Yahoo Finance:  &#8220;Actually, there&#8217;s something there. Revenue is up. Attendance is still high.&#8221;<\/p>\n<p>\u2014<\/p>\n<p><em>Josh is a reporter and producer at Yahoo Finance.<\/em><\/p>\n<p><strong>Read the latest financial and business news from Yahoo Finance<\/strong><\/p>\n<p><em>Download the Yahoo Finance App <\/em><em>apple<\/em><em>    Also <\/em><em>android<\/em><\/p>\n<p><em>Follow Yahoo Finance <\/em><a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/YahooFinance\" target=\"_blank\" data-ylk=\"slk:Twitter\" class=\"link \"><em>twitter<\/em><\/a><em>, <\/em><em>Facebook<\/em><em>, <\/em><em>Instagram<\/em><em>, <\/em><em>flip board<\/em><em>, <\/em><em>LinkedIn<\/em><em>When<\/em><em>    Youtube<\/em><\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script async defer src=\"https:\/\/platform.instagram.com\/en_US\/embeds.js\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMicWh0dHBzOi8vZmluYW5jZS55YWhvby5jb20vbmV3cy93aHktMjAyMy1jb3VsZC1iZS1hbm90aGVyLW1pbGVzdG9uZS15ZWFyLWZvci1zcG9ydHMtZnJhbmNoaXNlLXNhbGVzLTEzMDgwODQ3OS5odG1s0gF5aHR0cHM6Ly9maW5hbmNlLnlhaG9vLmNvbS9hbXBodG1sL25ld3Mvd2h5LTIwMjMtY291bGQtYmUtYW5vdGhlci1taWxlc3RvbmUteWVhci1mb3Itc3BvcnRzLWZyYW5jaGlzZS1zYWxlcy0xMzA4MDg0NzkuaHRtbA?oc=5\" rel=\"nofollow noopener\" target=\"_blank\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] While major stock market indices just posted their worst years since 2008, major sports leagues such as the NBA and NFL reported record earnings<\/p>\n","protected":false},"author":1,"featured_media":5629,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7],"tags":[],"class_list":["post-5628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other-sports","two-columns"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/atswins.ai\/blog\/wp-content\/uploads\/2023\/01\/a496fc30-3087-11ed-ad6b-4841c826625a.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/atswins.ai\/blog\/wp-json\/wp\/v2\/posts\/5628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/atswins.ai\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/atswins.ai\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/atswins.ai\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/atswins.ai\/blog\/wp-json\/wp\/v2\/comments?post=5628"}],"version-history":[{"count":0,"href":"https:\/\/atswins.ai\/blog\/wp-json\/wp\/v2\/posts\/5628\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/atswins.ai\/blog\/wp-json\/wp\/v2\/media\/5629"}],"wp:attachment":[{"href":"https:\/\/atswins.ai\/blog\/wp-json\/wp\/v2\/media?parent=5628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/atswins.ai\/blog\/wp-json\/wp\/v2\/categories?post=5628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/atswins.ai\/blog\/wp-json\/wp\/v2\/tags?post=5628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}