Ever wondered what are the 10 most profitable sports franchises? Given the number of sports fans around the globe willing to support their favorite teams and athletes, regardless if it is from the NBA or the NHL, or even Formula 1, there are franchises that could generate billions of dollars annually. And so do you ever wonder where the million dollar contracts of athletes came from? These million dollar contracts came from team owners who know exactly the profitability of the sports they are involved in.
There are sports that are very lucrative for business. There are teams that could draw crowds and fill up the entire stadium every game. Aside from the ticket sales, another characteristic of 10 most profitable sports franchises involve the affinity towards the market leaders willing to pay sponsorship fees for the venue or for the team itself.
According to statistics, the NFL teams collectively generated a total revenue of $9.17 billion. This is already a huge chunk of money. However, if you will look at how soccer teams, not to mention iconic baseball teams perform, you’ll be surprised by just how bigger the money really is in sports. In fact, you can check this article about the top 10 most profitable franchises in 2014 and see for yourself the money involved in sports.
There are a lot of factors that makes sports business unique. Once you could draw a massive crowd through athletes, or through the intrigue that surrounds them, that’s when sponsors become excited to deal with the teams. Also, that is when ticket sales go off the roof. And of course, you also have money flowing in from merchandise. One great example of this is Michael Jordan and the Chicago Bulls during the 1990s. With the charisma of Michael Jordan along with Pippen, Rodman and the rest of the Bulls, they turned the franchise into a worldwide sensation. NBA finals were eagerly watched by a great number of audiences around the globe.
So how much money is flowing into teams in sports franchises like that of NBA teams or those that have a worldwide following such as soccer teams? These are the 10 most profitable sports franchises out there.
10. New York Giants ($1.55 billion)
Owned by John Mara and Steven Tisch, the team has been estimated to have a value of around $1.55 billion. What makes the team such a profitable franchise, it had 8 championships, not to mention winning the Super bowl both in 2007 and 2011.