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Real Madrid Tops The World’s Most Valuable Sports Teams

July 17, 2013 Comments off

Real Madrid Tops The World’s Most Valuable Sports Teams
Source: Forbes

Real Madrid has been a giant of European soccer for the past century, racking up a record 32 La Liga titles and nine UEFA Champions League trophies. The club’s success has fueled a global following and attracted superstar players over the last 20 years like Raul, Ronaldo, David Beckham, Zinedine Zidane and Cristiano Ronaldo.

Real Madrid can add one more trophy to its case: It is now the world’s most valuable sports franchise, worth $3.3 billion, surpassing former No. 1 Manchester United. Los Blancos have the highest revenues of any team in sports ($650 million during the 2011-12 season), and revenues are up 62% over the last three years. Madrid’s operating income (earnings before interest, taxes, depreciation and amortization and player trading) of $134 million is second only to the NFL’s Dallas Cowboys among sports teams.

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Baseball Team Valuations 2013: Yankees On Top At $2.3 Billion

March 27, 2013 Comments off

Baseball Team Valuations 2013: Yankees On Top At $2.3 Billion
Source: Forbes

You need a new type of scorecard to accurately measure the wealth of Major League Baseball these days because team owners are scoring in so many different ways.

Upshot: The average baseball team is now worth $744 million, 23% more than a year ago and the largest increase since we began tracking MLB finances in 1998. During the 2012 season, revenue (net of stadium debt service) rose 7%, to an average of $227 million per team. Operating income (earnings before interest, taxes, depreciation and amortization) per team fell 9%, to $13.1 million, mainly due to higher player costs and stadium expenses.

Why did values climb sharply despite falling profitability? Because to fully capture the value of MLB’s 30 teams it is necessary to keep score of the sport’s full portfolio of assets rather than just the cash-flow of the individual franchises. Our valuations were boosted by the escalating television rights fees that flow to each team, and the climbing values of Major League Baseball Advanced Media and the league’s investment fund.

National broadcasting fees are baseball’s biggest chunk of equally-shared revenue. Last year, Fox, TBS and ESPN inked new, eight-year broadcasting deals that will bring MLB a total of $12.4 billion over eight years–an average of $52 million a season for each of the league’s 30 teams–through 2021. The new deals begin with the 2014 season and are worth more than twice the league’s existing television contracts. Baseball has more inventory than any sport and with the national cable sports networks Fox Sports One, ESPN and NBC Sports battling it out for supremacy over couch potatoes, MLB was in a particularly strong negotiating position.

The World’s Billionaires — The Richest People On The Planet 2013

March 4, 2013 Comments off

The World’s Billionaires — The Richest People On The Planet 2013

Source: Forbes

The ranks of the world’s billionaires, as monitored and tallied by our global wealth team, have yet again reached all-time highs. The 2013 Forbes Billionaires list now boasts 1,426 names, with an aggregate net worth of $5.4 trillion, up from $4.6 trillion. We found 210 new ten-figure fortunes. Once again the U.S. leads the list with 442 billionaires, followed by Asia-Pacific (386), Europe (366), the Americas (129) and the Middle East & Africa (103).

Lists & Rankings — Best Cities For Minority Entrepreneurs

March 25, 2011 Comments off

Best Cities For Minority Entrepreneurs
Source: Forbes

There are essentially three ways of dealing with America’s tattered balance sheet and mounting financial obligations: curbing social services, hiking taxes and generating real, sustainable economic growth–and the first two aren’t exactly palatable.

As for growth, minority entrepreneurs are playing an increasingly important role. Just one data point: In 2010 immigrants accounted for nearly 30% of new business owners, versus 13% in 1996, according to the Kauffman Foundation.

In Atlanta, where half the residents are African American, a host of Hispanic and Asian entrepreneurs have set up shop over the last decade. Atlanta now boasts the second-highest percentage of self-employed minorities among the top 52 metropolitan areas with populations greater than 1 million.

That statistic–combined with a growing population, increasing household incomes and affordable housing–puts Atlanta atop our list of best metro areas for minority entrepreneurs, assembled with help from economist-demographer Joel Kotkin, author of The Next Hundred Million: America in 2050.

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