Colts climb NFL valuation ladder

September 11, 2008
Back to TopCommentsE-mailPrintBookmark and Share
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.
ADVERTISEMENT
  • 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.

Post a comment to this blog

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT
  1. I still don't understand how the FBI had any right whatsoever to investigate this elderly collector. Before the Antiquities Act it was completely legal to buy, trade or collect Native American artifacts. I used to see arrow heads, axes, bowls, corn grinders at antique shops and flea markets for sale and I bought them myself. But that was in the late 60's and early 70's. And I now know that people used to steal items from sites and sell them. I understand that is illegal. But we used to find arrow heads and even a corn grinder in our back yard when I was a child. And I still have those items today in my small collection.

  2. I lived in California and they had many of the things noted in the proposed suggestions from the "Blue Ribbon Panel". California is near financial collapse now. Let's not turn the great state of Indiana into a third world dump like California.

  3. The temporary closure of BR Avenue will get a lot of attention. But, one thing reported by the IndyStar really stands out to me, and is extraordinarily depressing: “Police also have agreed to crack down on noise violations, traffic violations and public intoxication.” In other words, the police have generously agreed to do their jobs (temporarily, at least), instead of just standing around waiting for someone to call 911. When is someone in this department going to get off their fat arse (looking at you, Chief), get their minds out of 1975-era policing and into 2014, and have his department engage in pro-active work instead of sitting around waiting for someone to be shot? Why in the hell does it take 7 people getting shot in one night in one of the city’s biggest tourist destinations, to convince the police (reluctantly, it would appear) that they actually need to do their f’n jobs? When is the Chief going to realize that there’s a huge, direct, proven correlation between enforcing the law (yes, all laws, especially those affecting quality of life) and preventing larger crimes from occurring? Is it racial BS? Is that what this extraordinary reluctance is all about? Is the department and the city terrified that if they do their jobs, they might offend someone? Whom, exactly? Will the victims of violence, murder, assault, rape, robbery, and theft be offended? Will the citizens who have to tolerate their deteriorating quality of life be offended? Will the businesses who see their customers flee be offended? Or, is it simple ignorance (maybe the Chief hasn’t heard about NYC’s success in fighting crime - it’s only the biggest g*&#am city in the country, after all)? Either way, Chief, if you don’t want to do your job, then step down. Let someone who actually wants the job take it.

  4. I thought Indiana had all the funding it needed for everything. That's why the state lottery and casino gambling were allowed, as the new tax revenue would take care of everything the state wanted to do.The recommendations sound like they came from California. Better think about that. What is the financial condition of that state?

  5. I was a fan of WIBC in the morning, Steve was the only WIBC host that I listened too, he gave the news with so much flare that I enjoyed listening to him on my way to work. Katz is no Steve. Sadly, I will not be listening to WIBC anymore.

ADVERTISEMENT