Monday, July 17, 2017 at 7 a.m.
The Houston Texans are the 20th most valuable sports franchise in the world.
The annual Forbes list of the 50 most valuable sports franchises in the world was released last week. There are no real surprises. The Cowboys are No. 1. The New York Yankees are number two. The New England Patriots come in at No. 6 behind a couple of European soccer teams. The list is dominated by the NFL — 29 NFL franchises make the top 50.
This is a list of franchise value, not competence. That’s probably why the Cowboys are able to rank at No. 1, the New York Knicks are able to rank at No 7, and the Rams and Jets can come in at No. 12 and No. 13. It also doesn’t punish teams for simply just being mediocre. That’s likely why the New York Giants are ranked at No. 10. Lack of accomplishments have nothing to do with franchise value, either, because if teams actually had to have accomplished something to be worth something, then there’s no way the Houston Texans would rank No. 20.
The NFL is the ultimate money-making venture. According to the Forbes article, the average NFL team earned an operating profit of $91 million and none of the league’s teams earned less than $26 million. Thus, even historically inept franchises like the Browns and Jaguars are among the 50 most valuable sports franchises in the world. Sure, an owner might have to spend a lot of money to purchase the franchise, but then, the owner doesn’t have to do anything else but just stay out of the way.
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