September 19, 2017
In recent years, there have been three kinds of celebrities: sports stars, actors, and musicians. However, with the business world becoming more interesting every day, a fourth category has taken hold of the public eye: entrepreneurs. From Elon Musk to Richard Branson, these titans of innovation have made headline news on more than one occasion for their self-driving revolutions, their space travel aspirations, and their never-say-die attitudes.
However, while sports stars have been touted as some of the most overpaid individuals on all of planet Earth, the teams they play for aren’t too shabby themselves, as Forbes list of NFL Valuations has shown pretty clearly.
“NFL owners are minting money thanks to hefty TV contracts and a favorable labor deal with the players,” wrote Kurt Badenhausen of Forbes. “Operating profits (earnings, before interest, taxes, depreciation and amortization) were a record $101 million per team last season, with every team north of $40 million. The $3.2 billion in league-wide income is $500 million more than the combined earnings of teams in the NBA, NHL and MLB.”
While these numbers are impressive in the sports world, how do they stack up against their biggest celebrity rivals: tech unicorns?
As you can see, these notable NFL franchises are holding their own in the business department. With a league average of $2.5 billion and Dallas Cowboys toting a nearly $5 valuation, NFL teams can rest easy knowing they are set up for success in the long run. Unfortunately, when you compare them to the top tech companies, it’s not even close.
Simply put, tech companies blow NFL teams out of the water, with nearly a 100 times higher valuation across the board. Even when you compare them to private companies, Uber ($60 billion), Airbnb ($30 billion), and WeWork ($20 billion) still provide some serious competition for NFL teams like the Cowboys, Patriots, and Giants.
This is the way the world is going. While we all cherish and adore athletes now, the value clearly falls on entrepreneurs as the celebrities of the future. Even sports stadiums will soon be dwarfed by tech campuses sprawling through the California hills, as Apple so excitedly showed us during their special event earlier this month. Tech companies are the new sports teams… which one is your favorite?
Read more about sports and tech on TechCo
Did you like this article?
Get more delivered to your inbox just like it!