Amazon (AMZN) founder Jeff Bezos is reportedly evaluating a potential bid for the Washington Commanders. Current owner Dan Syder is seeking roughly seven billion dollars for the NFL franchise, according to reports. Snyder’s asking price would set a new record for the highest sports sale ever, trumping the Denver Broncos $4.65 billion sale last year. But there could still be a case for why the Commanders are worth the price. There’s the obvious point that many think owning an NFL team is fun and beneficial to their image. Jerry Jones told Yahoo Finance in September that he wouldn’t sell the Dallas Cowboys for $10 billion. But there’s also underlying value. In 2021, the Green Bay Packers were 70 percent of the way to profitability before even playing a down, due to the NFL’s generous shared revenue model. Combine that, with consistent franchise valuations over time and the increased involvement of big tech companies like Apple (AAPL), Amazon and Alphabet (GOOGL), the NFL’s growth story is likely to continue. Above, Yahoo Finance's Josh Schafer breaks down the financials behind operating a franchise. Key video takeaways: 0:00 The latest with Bezos' potential bid 1:25 The benefits of owning an NFL team Read More...
Amazon (AMZN) founder Jeff Bezos is reportedly evaluating a potential bid for the Washington Commanders. Current owner Dan Syder is seeking roughly seven billion dollars for the NFL franchise, according to reports.
Snyder’s asking price would set a new record for the highest sports sale ever, trumping the Denver Broncos $4.65 billion sale last year. But there could still be a case for why the Commanders are worth the price.
There’s the obvious point that many think owning an NFL team is fun and beneficial to their image. Jerry Jones told Yahoo Finance in September that he wouldn’t sell the Dallas Cowboys for $10 billion. But there’s also underlying value.
In 2021, the Green Bay Packers were 70 percent of the way to profitability before even playing a down, due to the NFL’s generous shared revenue model. Combine that, with consistent franchise valuations over time and the increased involvement of big tech companies like Apple (AAPL), Amazon and Alphabet (GOOGL), the NFL’s growth story is likely to continue.
Above, Yahoo Finance’s Josh Schafer breaks down the financials behind operating a franchise.
Key video takeaways:
0:00 The latest with Bezos’ potential bid
1:25 The benefits of owning an NFL team
Read More
