Connect with us

Sport

Nigeria; Where Football Is Life

mm

Published

on

Xavi has just got the ball from Sergio Busquets; Casillas makes the run to the edge of the penalty area as he receives the ball, dribbles past one opponent before playing a through-ball for Zidane, who lays it on for Iniesta on the left wing. Iniesta curls in a cross; Christiano Ronaldo rises at the far post to meet it with a powerful header –goal! The stadium erupts in thunderous cheer with cameras synchronizing in a blinding daze of flashes.

Unfortunately, this is not the commentary for a charity match with legendary players from the upper strata of football. There are no cameras in sight and instead of pristine, beautifully landscaped Astro Turf, we have sandy and rocky grounds.

Representing their icons are Obinna ‘Xavi’, Balo ‘Sergio Busquets’, Tola ‘Casillas’, Dayo ‘Zidane’ and Kola ‘Ronaldo’. We are in Lagos, Nigeria, watching the final game between two under-17 teams in the local league cup. The winner gets bragging rights as well as some products from a local FCMG brand.

Football is an overwhelming moment of beauty, spirit and pride and in the most populous country in Africa, that passion is palpable. Gianni Infantino, FIFA President, who was in Lagos at the maiden edition of the AITEO-Nigerian Football Federation (NFF) Awards this year, summed up this love perfectly.

“I was told that in Nigeria, football is passion, but it is a lie because it is more than that. In Nigeria, I was told that football is love, but it is a lie it is more than that. In Nigeria, I was told that football is a religion, but it is a lie. It is more than that. In Nigeria, football is life,” he says in his opening address to a room full of corporate executives, the upper echelons of power in government as well as the hall of fame of Nigerian football.

“Football is also business; when we can harness it properly, a lot of money can be made for the country through the game.”

The country’s love affair with the sport has blossomed over the years into an obsessive relationship. At a buka (local restaurant) in Surulere, a waiter is nearly slapped by an angry fan when he mistakenly changes the channel from a game between Chelsea and Man U to Soundcity, the indigenous 24-hour music channel that is a favorite of most of its diners.

After a heated exchange, the manager apologizes for the interruption and the game is back on. Commonsense is restored. Although this is a repeat match, the men watch intensely with the same passion and vigor of a live game.

“We found that football is the main pull for customers to our restaurant. They are passionate about football. It has turned into a family. Our customers come from all over Lagos to watch the games and once they are here, they have to eat and drink so it’s a win-win for us,” says Nnamdi Mayowa, owner of the restaurant.

As he speaks, a cheer rings out from outside the restaurant. Hordes of football fans have gathered to also catch a glimpse of the action and as any good football story goes, it all began with the kick of the ball in 1945.

That year, the Nigerian Football Federation was introduced as the governing body for the sport. Nigeria subsequently began participating in Africa’s Challenge Cup in the 1960s. Since then, the national team known affectionately as ‘The Super Eagles’, have had a fair number of successes. They won bronze medals in the 1978 and 1979 African Cup of Nations (AFCON) and in 1980, they won the championship in Lagos.

In 1984 and 1988, Nigeria subsequently captured silver medals in the tournament. Football had come to stay and with it a number of international stars were born and shipped to some of the world’s most successful football clubs with lucrative deals.

Then came the dark years. In 2010, Nigeria finished bottom of their group in South Africa with just one point from three matches after losing to Argentina and Greece and drawing with South Korea. In response, the then President Goodluck Jonathan banned the team from competing in the sport for two years. Then followed their exit at the 2014 World Cup where they lost to France, and a subsequent failure to qualify for the 2015 and 2017 editions of the AFCON. Nigerian football morale was at an all-time low.

Finally, a shimmer of light emerged at the end of the tunnel. The Super Eagles breezed through their group stage of the FIFA World Cup Qualifiers to earn a spot as one of only five African countries to make it to Russia 2018.

They were unbeaten in six matches with four wins and two draws, scoring 12 goals and only conceding four times, an incredible feat that took the team, led by German tactician, Gernot Rohr, to their sixth FIFA World Cup.

For Nigerians of this era, there is no sporting moment more significant than this triumph, especially as it is achieved against a backdrop of a sputtering economy that has gripped the country since the fall in crude oil prices and the Foreign Exchange (FX) fiasco of 2016 and 2017. The 2019 elections are also on the horizon and with it, greater economic uncertainty for Nigerians. The country has been increasingly marred by public dissent reflecting the mounting anger over an absentee president. To make matters worse, Nigeria has more than 300 tribes, making a consensus of any kind at the best of times, almost impossible to reach.

“We call football the unifying factor. When Nigeria is playing everyone comes together, we forget our tribes, we forget our differences, we even forget our religion. We all hug together when we do well and we all sulk together when we lose. Football is also business; when we can harness it properly, a lot of money can be made for the country through the game,” says Akin Alabi, founder of NairaBET, a leader in a wide range of betting opportunities on all sports.

Having attended two World Cups, South Africa in 2010 and Brazil in 2014, Alabi firmly has his eyes set on Russia.

“I want them to get to a quarter appearance. That will be the best-case scenario for me because I do not think we have gotten further than that,” he says.

However, he is quick to point out that this is not Nigeria’s strongest team.

“I think our 1994 team was fantastic. We do not have the caliber of players we had then, but no one has the perfect team out there. This is a national team and not like pro football where you can take money and buy whichever player you want. You have to make do with those that are available from the country you are from. So we are hoping it goes well,” says Alabi.

He believes the prospects of an African country actually bringing back the cup is far-fetched. Countries like Germany for example have a well-oiled football development machine, which helps them churn out a lot of quality players, which any African team cannot match right now.

“The German team is called a German machine for a reason, they have a well-oiled team and continuity. Their manager has been there for years on various World Cups so everything is run professionally. In Nigeria and Africa, when it is time for a match, we just invite players to run and play so that cannot work. We need better development in terms of processes,” says Alabi.

However, Brian Okonkwo is adamant Nigeria will go all the way to the finals. But then again, he would be. As a member of the Nigeria Football Supporters Club, he has dedicated his life to the advancement of the sport that saved his life as a troubled youth.

“When I was younger I used to be in an armed robbery gang and we did a lot of bad things to innocent people. I was on a fast track to jail or death but luckily, someone from my family was able to help me turn over a new leaf by introducing me to football,” says Okonkwo.

He has been present in all Nigeria’s five World Cup appearances in the past.

READ MORE: African, Football, Cup Up Aces’ Sleeve

“I think we have everything it takes to bring this home for our people, the team simply needs the support of the country behind them and that is our job. We are with them all the way and we need the resources to enable us to do our job,” says Okonkwo.

According to the Club’s National Chairman, Samuel Ikpea, the club will take 1,000 people to Russia to cheer and support the Super Eagles. This means 1,000 visa applications, 1,000 hotel rooms and 1,000 mouths to feed for the duration of the Russia 2018 tournament.

“Football is a passion of the nation and we do this job out of love for the sport. We have been in this business for a long time and we are already sourcing for funds to ensure that we get to Russia. Unfortunately, it is difficult because we have not been able to receive any funds from the Nigeria Football Federation (NFF) or the ministry of sports since this new government came,” says Ikpea.

According to Ikpea, this differs to the previous government who invested $140,000 to help them cover expenses to support the Super Eagles in the last World Cup.

“Teams like Nigeria come into the World Cup and historically something happens. They look great in the qualifiers then everything falls apart, something happens with the federation, somebody doesn’t get paid and now all of a sudden this team is in disarray going into the competition,” says Marcus Dawson, a sports commentator for Metro TV.

In the absence of adequate infrastructure, and in spite of the paucity of training facilities, football is played on streets, paths or fields. The potential of the sport has not been realized in the country due to the lack of support from corporate organizations that only see football as a CSR initiative instead of a lucrative business venture.

As a result, the NFF is fighting to ensure the team has adequate resources to efficiently compete in Russia. According to Amaju Pinnick, President of the NFF, the organization is working on generating $2.8 million for the Super Eagles’ participation in the games.

“Failure is not an option in the FIFA World Cup and we need to come together to ensure we provide the team with everything they need to make it through,” says Pinnick.

The organization receives support from private organizaitons like Aiteo who have a focus on developing the quality of football in Nigeria. So far, Aiteo has paid the sum of $600,000 and $890,000 to cover its contractual obligation of providing support to the technical crew of the Super Eagles for the whole of 2018, well beyond the World Cup, according to Deputy Managing Director, Francis Peters.

READ MORE: Wounded Swallows Roast In Football Hell

This however pales in comparison to investment in sports by their European counterparts. In a little more than a decade, Germany has invested nearly $1 billion in its youth soccer programs, with academies run by professional teams and training centers overseen by the national soccer association, the Deutscher Fussball Bund, according to a report in The New York Times.

Also of grave concern was the issue of the selection process for the team, which sparked widespread debates across the country. Like the case of Sone Aluko, a professional football player, who is a striker for Fulham FC but could not make it on the coveted team shortlist.

“The NFF is not responsible for making the selection of who joins the team. That is the decision of the coach. I know the story of Sone but unfortunately we are just focused on getting the team ready for Russia 2018,” says Pinnick.

Colin Udoh, a leading journalist and sports presenter, shares his insights on the team selection methodology used by the coach.

“It is the coach that selects not the federation even though they have some sway in the decision but ultimately it is the call of the coach. But yes, Sunday Oliseh, who was the previous coach, said he likes to pick players from the top division and I think most coaches in Nigeria want players who are playing at the highest level and the very best in the world rather than those playing in the lower division,” he says.

Secondly, Udoh claims that most European coaches like Rohr will not admit this is what they do. An additional criteria, which Rohr has also added to this team’s selection process evident in the team representing the Super Eagles, is the attempt to lower the average age of the players to 23 years except for John Mikel Obi, Leon Balogun and the goalkeeper where he is trying to integrate a bit of experience into team. So on these two key criteria, most players like Aluko unfortunately will fall out of contention.

“He is not in the top division and he also happens to be 28 years. I would pick him in a heartbeat but unfortunately I am not the coach. If you look at the way the team have qualified for the World Cup, you cannot argue with the results. Apart from that one loss against South Africa, Rohr has masterminded the success of the team to qualify for the World Cup and it is going to be hard to argue with that result,” adds Udoh.

It has been a long road to get here. Nigeria could qualify through the group stages by having the best balance of exciting promise and solidity. In every nook and cranny, and from every social stratum and walk of life, one thing is undeniable, and that is the game of football permeates every aspect of Nigerian culture, and Russia 2018 is another opportunity for the country to put away the differences and unite for this all-important goal.

After all, football in Nigeria is life.

Nigeria’s supporters celebrate after their team scored the opening goal against Burkina Faso during the 2013 African Cup of Nations. Photo Getty Images.

Continue Reading
Advertisement
Comments

Lists

The Highest-Paid Tennis Players 2019: Roger Federer Scores A Record $93 Million

mm

Published

on

By

Roger Federer, Novak Djokovic and Rafael Nadal are kicking off play at the U.S. Open as the three favorites to win the title and take home a Grand Slam-record $3.85 million payday as the singles champion. The Big Three are a good bet, having captured 53 out of 63 Slams since the start of 2004, including the last 11.

The on-court dominance has produced a combined $373 million in career prize money for the trio, light years ahead of their peers. But the money off the court is even sweeter for Federer, Djokovic and Nadal, to the tune of a cumulative $1.2 billion during their careers from endorsement partners and appearance fees.

Federer is the highest-paid tennis player for the 14th straight year, with $93.4 million from prize money, endorsements and appearance fees in the 12 months ending June 1. It is a record tally by a tennis player.

READ MORE | Inside Serena Williams’ Plan To Ace Venture Investing

His sponsor portfolio is unmatched in sports, with a dozen partners together paying him more than $60 million a year, well ahead of other global sports icons like Tiger Woods, LeBron James and Cristiano Ronaldo.

Credit Federer’s long run at the top—his Slam titles span 15 years—and the strong demographics of tennis fans, who spend heavily on equipment, apparel, cars, watches and financial services. The global nature of the sport also allows brands to use the players in marketing around the world.

Federer turned 38 this month, and Father Time will catch up at some point, but Japanese apparel brand Uniqlo is betting $300 million that Federer will continue to resonate with fans long after he hangs up his racket.

READ MORE | Business Is Booming For Tennis Ace Naomi Osaka, On Track To Be The Highest-Paid Female Athlete

After two decades with Nike, Federer signed a ten-year deal with Uniqlo last year that is guaranteed whether he is playing or not. In the coming months, Federer will also likely take back control of his RF logo, which stayed with Nike after their split.

After a two-year Slam drought, Djokovic has roared back to capture four of the past five majors. The titles helped push his 12-month earnings to $50.6 million, including $30 million off the court from appearances and sponsors Lacoste, Head, Asics, Seiko, NetJets and Ultimate Software. He ranks as the second-highest-paid tennis player.

Rounding out the top five players are Kei Nishikori ($37.3 million), Nadal ($35 million) and Serena Williams ($29.2 million).

Tennis is the only major sport in which women and men are in the same zip code in terms of earnings. The U.S. Open was the first Slam to offer equal payouts for the men’s and women’s events, and now each of the four Slams has equal pay. While Williams was the only woman to crack Forbes‘ 100 highest-paid athletes this year, the top ten earners in tennis are split evenly between men and women.

The top ten collectively made $312 million, up 23% from last year, fueled by huge gains by Federer, Djokovic and Naomi Osaka. See the full top ten below.

10. Sloane Stephens

Mutua Madrid Open Masters v day 7
GETTY IMAGES

Total earnings: $9.6 million

Prize money: $4.1 million

Endorsements: $5.5 million

The 2017 U.S. Open champion returns to Flushing Meadows this year wearing a tennis shoe based on the “Aqua” colorway of Nike’s retro Air Jordan VIII. Her Nike pact, which began last year, is one of the biggest in the sport. Stephens recently announced her engagement to soccer star Jozy Altidore.

9. Simona Halep

The Championships - Wimbledon 2019
CORBIS VIA GETTY IMAGES

Total earnings: $10.2 million

Prize money: $6.2 million

Endorsements: $4 million

Halep has won only one event in 2019, but it was a big one: Wimbledon, and its $3 million payday, her second career Grand Slam title. The Romanian pro counts Nike, Wilson, Mercedes-Benz and Hublot among her sponsors.

8. Angelique Kerber

Nature Valley International - Day Four
GETTY IMAGES

Total earnings: $11.3 million

Prize money: $5.3 million

Endorsements: $6 million

Kerber triggered lucrative bonuses from sponsors, namely Adidas, with her 2018 Wimbledon title and year-end rank of second in the world. In addition to Adidas, the German pro has also renewed deals with SAP, Generali and NetJets since Wimbleon and recently inked a new pact with Procter & Gamble’s Head & Shoulders brand. Other endorsements include Yonex, Porsche, Rolex and Lavazza.

7. Alexander Zverev

Rogers Cup Montreal - Day 8
GETTY IMAGES

Total earnings: $11.8 million

Prize money: $6.3 million

Endorsements: $5.5 million

The 22-year-old German is a rising star on the ATP Tour and has 11 career titles, including the 2018 year-end ATP Finals, which was worth $2.5 million in prize money. He has a large deal with Adidas, in addition to endorsements with Head, Peugeot, Richard Mille and Zegna.

6. Naomi Osaka

Western & Southern Open - Day 5
GETTY IMAGES

Total earnings: $24.3 million

Prize money: $8.3 million

Endorsements: $16 million

Osaka will see her endorsement number soar even higher, having signed a series of deals since her 2018 U.S. Open win. The biggest is with Nike, which was inked just ahead of our June 1 cutoff and is worth an estimated $10 million annually. She also recently added a series of endorsement partners—Hyperice, BodyArmor and Muzik—where she received equity stakes in the businesses.

5. Serena Williams

Rogers Cup Toronto - Day 6
GETTY IMAGES

Total earnings: $29.2 million

Prize money: $4.2 million

Endorsements: $25 million

The world’s highest-paid female athlete four years running had a record year off the court after her return to tennis following the birth of daughter Olympia. She added deals with Pampers, Axa Financial and General Mills to her roster. Williams’ next act is tackling venture investing, focused largely on companies led by women or people of color.

4. Rafael Nadal

Rogers Cup Montreal - Day 10
GETTY IMAGES

Total earnings: $35 million

Prize money: $9 million

Endorsements: $26 million

The Spaniard is one of the biggest draws in tennis and can command appearance fees of more than $1 million a pop. His primary sponsors include Nike, Babolat, Kia Motors, Telefónica, Richard Mille and Mapfre.

3. Kei Nishikori

TENNIS: AUG 07 Coupe Rogers
ICON SPORTSWIRE VIA GETTY IMAGES

Total earnings: $37.3 million

Prize money: $4.3 million

Endorsements: $33 million

Nishikori and Zverev are the only non-Slam winners among the ten highest-paid tennis players. But Nishikori’s robust endorsement portfolio is fueled by his status as the most successful Japanese player ever. He is set to be one of the faces of the 2020 Olympic Games in Tokyo. His sponsors Asahi, NTT, Japan Airlines, Lixil, Procter & Gamble and Nissin are all official Olympics partners.

2. Novak Djokovic

Western & Southern Open - Day 6
GETTY IMAGES

Total earnings: $50.6 million

Prize money: $20.6 million

Endorsements: $30 million

There have been ten tennis seasons in which a player won more than $12 million in prize money. Djokovic owns seven of those years. His $135 million in career prize money has him $9 million ahead of Federer. Djokovic’s Lacoste endorsement is one of the richest deals in the sport.

1. Roger Federer

Day Eleven: The Championships - Wimbledon 2019
GETTY IMAGES

Total earnings: $93.4 million

Prize money: $7.4 million

Endorsements: $86 million

In addition to his blockbuster Uniqlo pact, Federer added a multimillion-dollar deal with Rimowa last year. The luggage brand joined Credit Suisse, Mercedes-Benz, Rolex, Moet & Chandon, Barilla and others in Fed’s endorsement stable.

-Kurt Badenhausen; Forbes

Continue Reading

Sport

Grass Gets Greener For Young South African Golfing Wonder

mm

Published

on

By

Seven-year-old Simthandile ‘Sim Tiger’ Tshabalala already has the golfing world at his feet.


South African golf legend Gary Player believes the country has the potential to produce the next Tiger Woods, a superstar with charisma and global appeal that will win major titles and become a role model to millions around the world.

Player told FORBES AFRICA late last year he was “convinced there is a black girl or boy in South Africa today with tremendous athletic prowess, and with the talent to be a champion”.

Player’s prophecy could come true sooner than, perhaps even, he expects, with the emergence of seven-year-old Simthandile ‘Sim Tiger’ Tshabalala, a youngster that has shown such outstanding talent on the golf course that the world has sat up to take notice.

READ MORE | Grass Is Greener In Soweto For Golf Legend Gary Player

Tshabalala, who learned the game from YouTube videos and has only been professionally coached for the last few years, has already played at the Australian Open, where he came fourth, has played in Malaysia and Scotland, and won the local US Kids Tour this year.

He will soon be jetting off to the United States, England and Canada for more events in the coming month, fueling his passion to one day emulate, and then surpass, his hero.

“It’s going very well, it’s very exciting for me,” Tshabalala tells FORBES AFRICA. “I really look up to Tiger Woods, he was number one in the world for so long.

Seven-year-old Simthandile ‘Sim Tiger’ Tshabalala. Picture Supplied

“He won so many tournaments and, just like me, he started playing at such a young age. He carried that through to his adult life and became a legend.”

The way Tshabalala talks; he is seven going on 17, such is the maturity with which he answers questions.

Clearly, an exceptionally talented, and level-headed child, he has the golfing world at his feet.

His father, Bonginkosi Tshabalala, admits his son’s success has taken him rather by surprise, but he is determined to make sure all avenues are open for the youngster.

READ MORE | The World’s Highest-Paid Soccer Players 2019: Messi, Ronaldo And Neymar Dominate The Sporting World

“I grew up with an absent father, with no male guidance or exposure to many things, so it’s very important for me to be able to provide this platform for Sim. I want him to have a better life than me,” Tshabalala senior says.

The young Sim tried just about every sport going, but none stuck until he picked up a golf club.

“From the age of two, we have tried all sports – tennis, swimming, cricket, soccer and finally golf,” his father says.

“I must admit I did not even know what a golf course looked like.

Seven-year-old Simthandile ‘Sim Tiger’ Tshabalala holds the South African flag up high. Picture: Supplied

“I had no clue about the rules of the game, but I thought I had to teach myself first, then I could pass that on to Sim.

“So I bought some clubs, and the two of us would sit and watch YouTube videos with coaching tips and the like, trying to learn the game.

“We had been going to the driving range together and he was really enjoying it, so I decided to get him formal coaching.”

But Tshabalala senior, who is also his son’s caddy, says it is not enough and they put in hours and hours of practice together each week.

“If you give him a fork to eat with, he will use it to practise his swing. The first thing he does in the morning when he gets out of bed is practice his swing. He is amazingly committed to the game.”

Seven-year-old Simthandile ‘Sim Tiger’ Tshabalala on the gold course. Picture: Supplied

Such is his promise that ‘Sim Tiger’ has already secured a sponsorship from top global golf equipment manufacturer, TaylorMade, but for the rest, his increasingly expensive career is being funded by his father.

“We will be at the World Championships in North Carolina from August 1 to 3. Then we travel to England for the British Kids Championship on August 8 and 9, and from there, we play the 2019 Canadian Invitational on August 12 to 13.

“It is obviously very expensive, and we are looking for sponsorship, but at the same time, it is an amazing experience.

“When we went to Malaysia, it was the first time, I had never been outside of South Africa, so we have grown together as a family.”

READ MORE | World’s Highest-Paid Athletes 2019: What Messi, LeBron And Tiger Make

For Tshabalala senior, this journey is much more than golf and travel, it is a chance for him to spend time with his son, perhaps healing some of those old wounds that linger from his father not providing him with the same support.

“Whatever happens in the future, it has brought us closer, and hopefully, he has learned some life lessons along the way,” he says.

Seven-year-old Simthandile ‘Sim Tiger’ Tshabalala. Picture: Supplied

Continue Reading

Lists

The World’s 50 Most Valuable Sports Teams 2019

mm

Published

on

By

The Dallas Cowboys kick off training camp this weekend as the defending NFC East champions. Last season ended with a playoff loss to the Los Angeles Rams, which marked 23 straight years the Cowboys were shut out of the NFC Championship game. Only the Washington Redskins and Detroit Lions have longer title-game droughts.

But America’s Team remains the biggest must-see show in sports. Nine of the 50 highest-rated sports TV broadcasts in 2018 were regular season Cowboys games, helping goose ratings for CBS, NBC and Fox (the Patriots were the only other team with more than four games among the top 50).

Cowboys fever helps owner Jerry Jones generate an estimated $340 million in sponsorship and premium seating revenue at AT&T Stadium, twice as much as any other team.

While Jones’ team has come up short on the field the past 20-plus years, the Cowboys are the world’s most valuable sports franchise for the fourth-straight year at $5 billion. Jones has capitalized on the insatiable appetite for all things Cowboys.

READ MORE | The World’s Highest-Paid Soccer Players 2019: Messi, Ronaldo And Neymar Dominate The Sporting World

“On and off the field, in season and out of season, there is a small soap opera going on every day,” Jones told my colleague Mike Ozanian last fall during a taping of ForbesSportsMoney on the YES Network. “Everyone knows that marketing, especially in this day and time, is just another way to promote the circus, so to speak.”

Jones has always been a visionary since he bought the Cowboys for $150 million 30 years ago. He revolutionized stadium sponsorships; broke away from the NFL’s shared merchandise revenue system; launched a stadium-management firm, Legends Hospitality, with the New York Yankees; and opened a $1.5 billion practice facility in 2017.

The New England Patriots' Tom Brady
The New England Patriots’ Tom Brady MADDIE MEYER/GETTY IMAGES

The result: Dallas sits atop the globe’s richest sports league with profits, in the sense of earnings before interest, taxes, depreciation and amortization, of $365 million in 2017, a record for any sports team.

The cutoff to rank among the world’s 50 most valuable sports teams is $2.075 billion, up $125 million from last year and $1.2 billion from five years ago. The values of sports teams have skyrocketed on the backs of ballooning media rights deals and more owner-friendly collective bargaining agreements that restrain player costs. There are 52 teams across all sports worth at least $2 billion, up from one, Manchester United, in 2012.

The NFL is still the most dominant sports league when it comes to the worth of its franchises. More than half of the top 50 are football squads. Credit the monster media-rights deals with the likes of CBS, NBC, Fox, ESPN and DirecTV that paid out more than $260 million per team last year. The TV haul is a nice cushion to easily cover teams’ biggest expense item, player costs, before any tickets, sponsorships, beer or replica jerseys are sold. The cap on player salaries was $177 million last season (each team is also on the hook for $40 million annually in player benefit costs).

READ MORE | Simidele Adeagbo: What I Learned From The Most Terrifying Winter Olympics Sport

The New York Yankees moved up three spots to just behind the Cowboys with a value of $4.6 billion, up 15%. The Bronx Bombers head seven MLB teams that made the top 50. The Yankees are surging on and off the field. They own the best record in the American League this season, after posting 100 wins last year. Attendance at Yankee Stadium jumped 10% last year to 3.5 million fans, the highest for the club since 2012. Viewership of Yankees games on the YES Network was 57% higher than any other baseball franchise in 2018.

Real Madrid ranks third at $4.2 billion and highest among the eight soccer clubs in the top 50. The La Liga club was the last sports team deemed the world’s most valuable before the Cowboys secured the title starting in 2016. Real banked more than $100 million for winning its second-straight Champions League crown last year.

Don’t look for Real Madrid to set any records with regard to the richest sports team sale, currently $2.3 billion for the sales of the Carolina Panthers in 2018 and the Brooklyn Nets in 2019. Real is owned by its more than 90,000 members, who elect a club president. It’s a similar structure at rival Barcelona, which ranks fourth overall with a value of $4.02 billion.

The Golden State Warriors' Stephen Curry
The Golden State Warriors’ Stephen CurryGREGORY SHAMUS/GETTY IMAGES

NBA teams have made the most dramatic moves this decade. The New York Knicks headline nine hoops teams in the top 50 this year. Their $4 billion value, up 11%, ranks fifth among all sports teams. The Los Angeles Lakers ($3.7 billion) and Golden State Warriors ($3.5 billion) also cracked the top 10. In 2012, the Lakers were the most valuable NBA team at $900 million and ranked 35th out of all sports franchises. The Knicks were the only other NBA team in the top 50 in 2012.

Three NBA franchises have been sold for at least $2 billion since 2014 (Nets, Houston Rockets and Los Angeles Clippers). The prior NBA-record sale price was $550 million for the Milwaukee Bucks, which closed three months before Steve Ballmer’s $2 billion blockbuster purchase of the Clippers.

READ MORE | The 10 Most Notable New Billionaires Of 2019

Investors salivate at the NBA’s international prospects, with 300 million basketball players in China and annual revenue growing outside the U.S. at a rate in the high teens. The 2016 CBA locked in player costs at 50% of the league’s surging revenue, and league-wide profits are up tenfold over the past seven years by Forbes’ count.

The world’s richest sports teams are almost all swimming in cash these days. Barcelona, which lost $37 million due to excessive player costs, was the only top-50 team to post a loss on an operating basis, and every other team turned a profit of at least $25 million. More than half of the teams made more than $100 million, led by the Cowboys at $365 million.

The franchise values below are based on Forbes’ published valuations over the past 12 months. Team values reflect enterprise values (equity plus debt). No teams from the NHL, Nascar, MLS or Formula One made the top 50. The highest-ranking franchise outside of the NBA, NFL, MLB and European soccer was the New York Rangers at 72nd with a value of $1.55 billion.

Gridiron Rules

The NFL remains the most dominant sports leagues with more than half of the 50 most valuable sports franchises, but the other major sports chipped away at its dominance during the past year.

More Than a Game

The discount bin is empty when shopping for teams in the major sports leagues. Every NFL, NBA and MLB franchise is now worth at least $1 billion.

Candlestick Chart
Trophy Assets

Manchester United was the world’s only pro sports team worth more than $2 billion in 2012. Now there are at least 50, including almost every NFL team.

Pictograph 1
The World's 50 Most Valuable Sports Teams
RICH SCHULTZ/GETTY IMAGES, ADAM GLANZMAN/MLB VIA GETTY IMAGES, BOB LEVEY/GETTY IMAGES

50 New Orleans Saints (NFL)

  • Value: $2.08 billion
  • 1-Year % Change: 4%
  • Owner: Gayle Benson
  • Operating Income*: $115 million

49 | Jacksonville Jaguars (NFL)

  • Value: $2.08 billion
  • 1-Year % Change: 0%
  • Owner: Shahid Khan
  • Operating Income: $63 million

47 (tie) | Kansas City Chiefs (NFL)

  • Value: $2.1 billion
  • 1-Year % Change: 0%
  • Owners: Lamar Hunt Family
  • Operating Income: $60 million

47 (tie) | St. Louis Cardinals (MLB)

  • Value: $2.1 billion
  • 1-Year % Change: 11%
  • Owner: William DeWitt Jr.
  • Operating Income: $65 million

46 | Arizona Cardinals (NFL)

  • Value: $2.15 billion
  • 1-Year % Change: 0%
  • Owner: Wiliam Bidwill
  • Operating Income: $74 million

45 | Liverpool (Soccer)

  • Value: $2.18 billion
  • 1-Year % Change: 12%
  • Owners: John Henry, Tom Werner
  • Operating Income: $128 million

44 | Los Angeles Clippers (NBA)

  • Value: $2.2 billion
  • 1-Year % Change: 2%
  • Owner: Steve Ballmer
  • Operating Income: $40 million

43 | Dallas Mavericks (NBA)

  • Value: $2.25 billion
  • 1-Year % Change: 18%
  • Owner: Mark Cuban
  • Operating Income: $99 million

42 | Arsenal (Soccer)

  • Value: $2.27 billion
  • 1-Year % Change: 1%
  • Owner: Stanley Kroenke
  • Operating Income: $102 million

41 | Los Angeles Chargers (NFL)

  • Value: $2.28 billion
  • 1-Year % Change: 0%
  • Owners: Spanos Family
  • Operating Income: $48 million

38 (tie) | New York Mets (MLB)

  • Value: $2.3 billion
  • 1-Year % Change: 10%
  • Owners: Fred & Jeff Wilpon, Saul Katz
  • Operating Income: $30 million

38 (tie) | Carolina Panthers (NFL)

  • Value: $2.3 billion
  • 1-Year % Change: 0%
  • Owner: David Tepper
  • Operating Income: $62 million

38 (tie)| Houston Rockets (NBA)

  • Value: $2.3 billion
  • 1-Year % Change: 5%
  • Owner: Tilman Fertitta
  • Operating Income: $103 million

37 | Brooklyn Nets (NBA)

  • Value: $2.35 billion
  • 1-Year % Change: 2%
  • Owners: Mikhail Prokhorov, Joe Tsai
  • Operating Income: $53 million

36 | Indianapolis Colts (NFL)

  • Value: $2.38 billion
  • 1-Year % Change: 0%
  • Owner: James Irsay
  • Operating Income: $67 million

35 | Minnesota Vikings (NFL)

  • Value: $2.4 billion
  • 1-Year % Change: 0%
  • Owner: Zygmunt Wilf
  • Operating Income: $90 million

34 | Oakland Raiders (NFL)

  • Value: $2.42 billion
  • 1-Year % Change: 2%
  • Owner: Mark Davis
  • Operating Income: $25 million

33 | Miami Dolphins (NFL)

  • Value: $2.58 billion
  • 1-Year % Change: 0%
  • Owner: Stephen Ross
  • Operating Income: $56 million

32 | Chelsea (Soccer)

  • Value: $2.58 billion
  • 1-Year % Change: 25%
  • Owner: Roman Abramovich
  • Operating Income: $127 million

31 | Seattle Seahawks (NFL)

  • Value: $2.58 billion
  • 1-Year % Change: 6%
  • Owners: Pat Allen Trust
  • Operating Income: $71 million

30 | Pittsburgh Steelers (NFL)

  • Value: $2.59 billion
  • 1-Year % Change: 5%
  • Owners: Daniel Rooney Trust, Art Rooney II
  • Operating Income: $85 million

29 | Baltimore Ravens (NFL)

  • Value: $2.59 billion
  • 1-Year % Change: 4%
  • Owner: Stephen Bisciotti
  • Operating Income: $107 million

28 | Atlanta Falcons (NFL)

  • Value: $2.6 billion
  • 1-Year % Change: 5%
  • Owner: Arthur Blank
  • Operating Income: $113 million

27 | Green Bay Packers (NFL)

  • Value: $2.63 billion
  • 1-Year % Change: 3%
  • Owners: shareholder-owned
  • Operating Income: $62 million

26 | Denver Broncos (NFL)

  • Value: $2.65 billion
  • 1-Year % Change: 2%
  • Owners: Pat Bowlen Trust
  • Operating Income: $106 million

25 | Manchester City (Soccer)

  • Value: $2.69 billion
  • 1-Year % Change: 9%
  • Owner: Sheikh Mansour bin Zayed Al Nahyan
  • Operating Income: $168 million

24 | Philadelphia Eagles (NFL)

  • Value: $2.75 billion
  • 1-Year % Change: 4%
  • Owners: Jeffrey Lurie
  • Operating Income: $114 million

22 (tie)| Boston Celtics (NBA)

  • Value: $2.8 billion
  • 1-Year % Change: 12%
  • Owners: Wycliffe & Irving Grousbeck, Robert Epstein, Stephen Pagliuca
  • Operating Income: $100 million

22 (tie)| Houston Texans (NFL)

  • Value: $2.8 billion
  • 1-Year % Change: 0%
  • Owner: Robert McNair
  • Operating Income: $161 million

21 | New York Jets (NFL)

  • Value: $2.85 billion
  • 1-Year % Change: 4%
  • Owner: Robert Wood Johnson IV
  • Operating Income: $130 million

19 (tie) | Chicago Bears (NFL)

  • Value: $2.9 billion
  • 1-Year % Change: 2%
  • Owners: McCaskey family
  • Operating Income: $100 million

19 (tie) | Chicago Bulls (NBA)

  • Value: $2.9 billion
  • 1-Year % Change: 12%
  • Owner: Jerry Reinsdorf
  • Operating Income: $115 million

18 | San Francisco Giants (MLB)

  • Value: $3 billion
  • 1-Year % Change: 5%
  • Owner: Charles Johnson
  • Operating Income: $84 million

17 | Bayern Munich (Soccer)

  • Value: $3.02 billion
  • 1-Year % Change: -1%
  • Owners: Club members
  • Operating Income: $129 million

16 | San Francisco 49ers (NFL)

  • Value: $3.05 billion
  • 1-Year % Change: 0%
  • Owners: Denise DeBartolo York, John York
  • Operating Income: $106 million

14 (tie) | Chicago Cubs (MLB)

  • Value: $3.1 billion
  • 1-Year % Change: 7%
  • Owners: Ricketts family
  • Operating Income: $87 million

14 (tie) | Washington Redskins (NFL)

  • Value: $3.1 billion
  • 1-Year % Change: 0%
  • Owner: Daniel Snyder
  • Operating Income: $122 million

12 (tie) | Los Angeles Rams (NFL)

  • Value: $3.2 billion
  • 1-Year % Change: 7%
  • Owner: Stanley Kroenke
  • Operating Income: $68 million

12 (tie) | Boston Red Sox (MLB)

  • Value: $3.2 billion
  • 1-Year % Change: 14%
  • Owners: John Henry, Thomas Werner
  • Operating Income: $84 million

10 (tie) | Los Angeles Dodgers (MLB)

  • Value: $3.3 billion
  • 1-Year % Change: 10%
  • Owners: Guggenheim Baseball Management
  • Operating Income: $95 million

10 (tie) | New York Giants (NFL)

  • Value: $3.3 billion
  • 1-Year % Change: 0%
  • Owners: John Mara, Steven Tisch
  • Operating Income: $149 million

9 | Golden State Warriors (NBA)

  • Value: $3.5 billion
  • 1-Year % Change: 13%
  • Owners: Joe Lacob, Peter Guber
  • Operating Income: $103 million

| Los Angeles Lakers (NBA)

  • Value: $3.7 billion
  • 1-Year % Change: 12%
  • Owners: Jerry Buss Family Trusts, Philip Anschutz
  • Operating Income: $147 million

7 | New England Patriots (NFL)

  • Value: $3.8 billion
  • 1-Year % Change: 3%
  • Owner: Robert Kraft
  • Operating Income: $235 million

| Manchester United (Soccer)

  • Value: $3.81 billion
  • 1-Year % Change: -8%
  • Owners: Glazer family
  • Operating Income: $238 million

5 | New York Knicks (NBA)

  • Value: $4 billion
  • 1-Year % Change: 11%
  • Owner: Madison Square Garden Company
  • Operating Income: $155 million

| Barcelona (Soccer)

  • Value: $4.02 billion
  • 1-Year % Change: -1%
  • Owners: Club members
  • Operating Income: –$37 million

| Real Madrid (Soccer)

  • Value: $4.24 billion
  • 1-Year % Change: 4%
  • Owners: Club members
  • Operating Income: $112 million

| New York Yankees (MLB)

  • Value: $4.6 billion
  • 1-Year % Change: 15%
  • Owners: Steinbrenner family
  • Operating Income: $30 million

| Dallas Cowboys (NFL)

  • Value: $5 billion
  • 1-Year % Change: 4%
  • Owner: Jerry Jones
  • Operating Income: $365 million

Forbes; Kurt Badenhausen

Continue Reading

Trending