The Buffalo Bills are ranked 46th by Forbes magazine among the world’s most valuable sports franchises in 2013, with a value of $805 million.
“The Bills had eight games blacked out on local TV over the past three years, due to a lack of sellouts,” Forbes comments on the franchise. “Fans are fed up after eight straight losing seasons.
“The Bills get a boost from taxpayer subsidies of roughly $7 million a year that go towards stadium operating and capital improvement costs.”
Spanish soccer team Real Madrid ranks first, with a value of $3.3 billion, the magazine said in revealing its annual rankings Monday. Real Madrid replaced England’s Manchester United at No. 1.
Manchester United, owned by the Glazer family, is valued at $3.17 billion. The Glazer family also owns the National Football League’s Tampa Bay Buccaneers, 28th among the top 50 with a value of $1.03 billion.
Barcelona gave European soccer clubs a sweep of the top three spots, ranked third with a value of $2.6 billion.
The New York Yankees are the most valuable U.S. franchise, ranking fourth with a value of $2.3 billion. The Yankees generated $330 million in revenue in 2012 from tickets and premium seating, more than the combined total of the major leagues’ bottom seven teams, Forbes reported.
The Dallas Cowboys, one of 30 NFL franchises among the top 50, are fifth with a value of $2.1 billion.
The St. Louis Rams and the Jacksonville Jaguars are the only NFL teams not in the top 50, ranking No. 51 and No. 52.
The New York Knicks rank 23rd with a value of $1.1 billion, the highest among National Basketball Association franchises. The National Hockey League’s most valued franchise is the Toronto Maple Leafs at 31st, with a value of $1 billion.
(c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email email@example.com.