Washington Drops To Nineteenth On Forbes’ Team Value List
By Mark Solway | May 9th, 2021
Forbes just released it’s list of Most Valuable Sports Teams in 2021. Washington was ranked number nineteen. They were the eighth ranked NFL team. In 2010, the Washington Football Team was the third most-valuable sports team in the world.
According to Forbes, Washington’s current value is $3.5 million, and they have experienced a 23% increase in value over the last five years.
That sounds decent enough, but when you compare it to an increase of 44% over the same period by the Bears, it’s not quite as flattering.
Or how about the Los Angeles Rams who soared a massive 176% in that time? Granted, moving to Los Angeles and building SoFi Stadium had everything to do with it, but the results were profitable.
Although some of the NFL teams ahead of Washington on the list can thank their new stadiums for increases, there’s no denying that all seven of those teams experienced a growth of at least 37% in those five years. That’s 14% more than Washington.
There are obviously various factors affecting the lack of growth for Washington’s value – ownership, branding issues, the sexual misconduct allegations, the minority ownership revolt, a terrible stadium location – the list goes on and on.
Those things create volatility, and a lack of confidence in the fan base.
And that’s never good for the bottom line.
Will the positive changes that Ron Rivera has seemingly been able to implement make a difference?
Undoubtedly.
A new stadium would make even more of a difference.
What if Daniel Snyder became SOLE owner?
Oh.
Never mind.
More Information
Here is a look at Forbes’ numbers for Washington:
- Value: $3.5 billion
- Five-Year Change in Value: 23%
- Owner: Daniel Snyder
- Year Purchased: 1999
- Price Paid: $750 million
