Professional sports is just big business. It seems to get bigger year after year with the amount of talent that continues to get better and make fans go crazy and spend even more money.
Speaking of money, there are some franchises that stand out above the others as they absolutely rack in the dough year in and year out.
Each year, Forbes publishes its list of the most valuable franchises in sports, and this year was no different. The minimum value to crack the Forbes rankings increased by over $100 million.
“The cutoff to rank among the world’s 50 most valuable sports teams is $2.075 billion, up $125 million from last year and $1.2 billion from five years ago. The values of sports teams have skyrocketed on the backs of ballooning media rights deals and more owner-friendly collective bargaining agreements that restrain player costs. There are 52 teams across all sports worth at least $2 billion, up from one, Manchester United, in 2012.”
Here are the top 10 most valuable teams, according to Forbes.
New York Yankees
New York Knicks
New England Patriots
Los Angeles Lakers
Golden State Warriors
New York Giants/Los Angeles Dodgers.
As you can see, there is a tie for the 10th spot.
For the full list and breakdown, check out the Forbes article here.