Colts climb NFL valuation ladder

September 11, 2008
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footballLucas Oil Stadium has pushed the Indianapolis Colts into the upper echelon of the National Football League in terms of team value. The team jumped from 21st most valuable team last year to eighth among 32 NFL teams this year, according to Forbes Magazine’s annual NFL team valuation.

Forbes valued the Colts at $1.08 billion, a significant jump from last year’s $911 million. Only the New York Jets and New York Giants had bigger percentage gains than the Colts. Those two teams will be moving into a new $1.3 billion stadium in 2010. No team had a bigger ratings jump than the Colts.

The Dallas Cowboys, who will move into a new stadium next year, were rated most valuable at $1.61 billion. The Washington Redskins were second with a $1.54 valuation, followed by the New England Patriots at $1.32 billion, New York Giants at $1.18 billion and New York Jets at $1.17 billion. The Houston Texans at $1.13 billion and Philadelphia Eagles at $1.12 billion are the other teams ahead of the Colts. The Chicago Bears at $1.06 billion and Baltimore Ravens at $1.06 billion round out the top 10.

The average NFL team is now worth more than $1 billion, marking the first time any professional sports league has passed over that barrier. The 2008 average, according to Forbes, is $1.04 billion, up 8.7 percent from last year. When Forbes first started valuing NFL teams 10 years ago, the average team valuation was $288 million. Forbes said the valuations are calculated using multiples of revenue based on historical transactions.
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  • How nice for Mr. Irsay.
  • This is the ebb and flow of valuations based on how recently a new stadium comes on board (all lots of new revenue). The Colts will gradually slip down the rankings for the next 20+ years until another stadium is built. Read the article for who jumped in the rankings - the guys with new stadiums. As other teams get new stadiums over the next 10-20 years, they will in general leapfrog the Colts.

    Hey, the increase for the Colts is ONLY $169 million, or 19%. He doesn't get to spend that money unless he sells, which he never will.
  • I wonder who is at the bottom of the list?
  • The Minnesota Vikings, according to Forbes have the least valuable team, with a valuation of $839 million. Oakland is next from the bottom at $861 million. Another interesting note, the Colts revenue grew from $184 million last year to a projected $203 million this year.
  • That was the whole point of the new stadium from the City's point of view. We were in a multi year contract that required us to guarantee the Colts were in the middle of the pack in revenue. The cost to the City would have been $15 to $20 million a year out of the taxpayers pockets. The City struck a new deal with Irsay for the stadium in exchange for a 30 year contract that gave him more profits from the stadium. If all the numbers in the above post are right, the amount of money he is getting is in line with what we would have had to pay him. His revenue should grow as should the City's as the new CC comes on line and more conventions are attracted to the City.
  • Maybe city leaders should be tapping into Mr. Irsays good fortune to promote the city and attract significant non-Colts events/conventions to the stadium and convention center to help cover the taxpayers projected $10+ million annual operating deficit.
  • Or Nick we let Irsay continue to market the stadium and Indy for those events. He has shown he has a nack for promotions and sales. His deals for naming rights shows that. It is in his best interest to bring as many events as possible to the Stadium and Indy benefits as well. Let him get to work and I think you will see him do wonders for himself and the City.

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  1. The deductible is entirely paid by the POWER account. No one ever has to contribute more than $25/month into the POWER account and it is often less. The only cost not paid out of the POWER account is the ER copay ($8-25) for non-emergent use of the ER. And under HIP 2.0, if a member calls the toll-free, 24 hour nurse line, and the nurse tells them to go to the ER, the copay is waived. It's also waived if the member is admitted to the hospital. Honestly, although it is certainly not "free" - I think Indiana has created a decent plan for the currently uninsured. Also consider that if a member obtains preventive care, she can lower her monthly contribution for the next year. Non-profits may pay up to 75% of the contribution on behalf of the member, and the member's employer may pay up to 50% of the contribution.

  2. I wonder if the governor could multi-task and talk to CMS about helping Indiana get our state based exchange going so Hoosiers don't lose subsidy if the court decision holds. One option I've seen is for states to contract with healthcare.gov. Or maybe Indiana isn't really interested in healthcare insurance coverage for Hoosiers.

  3. So, how much did either of YOU contribute? HGH Thank you Mr. Ozdemir for your investments in this city and your contribution to the arts.

  4. So heres brilliant planning for you...build a $30 M sports complex with tax dollars, yet send all the hotel tax revenue to Carmel and Fishers. Westfield will unlikely never see a payback but the hotel "centers" of Carmel and Fishers will get rich. Lousy strategy Andy Cook!

  5. AlanB, this is how it works...A corporate welfare queen makes a tiny contribution to the arts and gets tons of positive media from outlets like the IBJ. In turn, they are more easily to get their 10s of millions of dollars of corporate welfare (ironically from the same people who are against welfare for humans).

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