Writers of Pro Football Prospectus 2008

02 Sep 2005

Forbes Ranks Skins No. 1 Again

For the sixth straight year, the Redskins are atop Forbes magazine's annual list of NFL franchise valuations at $1.26 billion, and their value has increased 15 percent since last year. This news led reader Jebmak to ask the following question: "[The Redskins] have over 100,000 people on the waiting list for tickets. Why oh why are people paying to see this team in action?" My guess is the post-game fireworks.

Posted by: P. Ryan Wilson on 02 Sep 2005

4 comments, Last at 03 Sep 2005, 2:26am by Jeff Akers

Comments

1
by Will Allen (not verified) :: Fri, 09/02/2005 - 8:21pm

Geez, in a dialogue I had regarding the value of franchises yesterday, and what that value is derived from, I only guessed that the Redskins were worth 400 million more than the Vikings, whgen the figure is more like $600 million.

On a more important note, given how much these values have been inflated with a few billion (probably underestimating) in public subsidies, wouldn't it be nice if the NFL offered up more than the current million they have pledged to disaster relief? How about, at a minimum, the NFL putting up the equivalent of one publicly-built stadium? Say 400-600 million?

I won't hold my breath....

2
by Ruben (not verified) :: Fri, 09/02/2005 - 10:14pm

I concur that the NFL should be putting up more, both as a gesture of gratitude toward taxpayers, and because it can certainly afford to do so (I believe its donations to the United Way are significantly greater every annum).

Nevertheless, it is hard to justify much anger toward the teams themselves; they're businesses, not charities, and not high-paying public service organizations. They have a right, nay, a DUTY to turn a profit. I just wish they'd do it while paying for their own infrastructure (stadiums).

Also, along the lines of the other thread: I hope the Saints move to LA; that way, teams could no longer threaten to move there, and would be forced to pay for their own stadiums. Then again, nearly every NFL team has a brand spankin' new stadium, or it's on the way (AZ).

3
by sippican (not verified) :: Sat, 09/03/2005 - 2:24am

Hi Ruben-
It hadn't occurred to me until I read your post, but the idea that New Orleans has money to blow on keeping the Saints in town while the infrastructure in the town was as bad as it was is mindboggling.

I worked a Foxborough during construction, and Kraft said the best thing that happened during the whole vagabond search for a home for the Pats was ultimately avoiding public money. He pushed his money into the middle of the table for the contractor and said: this is all there is, don't bother coming looking for any more. No idiot brothers in law of hack politicians on the payroll, no graft, nothing. Job was done on time, on budget.

Everyone would be better off if it was illegal to pay franchises to move to or stay in a town.

I won't hold my breath.

4
by Jeff Akers (not verified) :: Sat, 09/03/2005 - 2:26am

Putting up more?
"I believe its donations to the United Way are significantly greater every annum"
I suspect the NFL will put up the $1 million plus the standard yearly amount for the United Way.

I have money, and I gave some. That's what I would like to think all of us will do. If we did, I don't think we would need any help from the NFL. Bottom line: at least me and the NFL are giving - I wish everyone else would.