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☆ 2024 NHL team valuations: Here's how the top 5 franchises stack up
▼ + stars: | 2024-11-20 | by ( Michael Ozanian | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email2024 NHL team valuations: Here's how the top 5 franchises stack upCNBC's Michael Ozanian reports on the valuations of franchises in the National Hockey League.

Persons: Michael Ozanian Organizations: National Hockey League

☆ CNBC's Official NHL Team Valuations 2024: Here's how the 32 franchises stack up
▼ + stars: | 2024-11-20 | by ( Michael Ozanian | ) www.cnbc.com time to read: +1 min

The National Hockey League is commanding more respect when it comes to team values. The average NHL team is worth $1.92 billion, according to CNBC's Official 2024 NHL Valuations, and recent transactions come at revenue multiples that rival deals done in Major League Baseball. For the 2023-24 season, the NHL's hockey-related revenue was $6.3 billion, 8.6% higher than the previous season, according to the league. The NHL also hit record national sponsorship revenue last season, bringing in $250 million, as well as record regular-season gate receipt revenue of $2.4 billion, the NHL said. The average NHL team posted EBITDA of $45 million on revenue of $223 million for the 2023-24 season, according to CNBC calculations.

Organizations: National Hockey League, NHL, Major League Baseball, CNBC

☆ Monumental Sports CEO on NHL valuations and the business of hockey
▼ + stars: | 2024-11-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMonumental Sports CEO on NHL valuations and the business of hockeyCNBC’s Michael Ozanian and Ted Leonsis, Monumental Sports and Entertainment founder, join 'Power Lunch' to discuss NHL valuations and the business of hockey.

Persons: Michael Ozanian, Ted Leonsis Organizations: Monumental, Monumental Sports, Entertainment

☆ Philadelphia Phillies capital raise values the team at around $3 billion
▼ + stars: | 2024-11-08 | by ( Michael Ozanian | ) www.cnbc.com time to read: +1 min

Philadelphia Phillies managing partner and principal owner John Middleton signs autographs prior to the 2024 London Series game between the New York Mets and the Philadelphia Phillies at London Stadium in London on June 9, 2024. The Philadelphia Phillies recently raised close to $500 million in capital from three new investors in a transaction that values the Major League Baseball team and its 25% stake in regional sports network NBC Sports Philadelphia at about $3 billion, according to two people familiar with the deal. Given that limited-partner stakes typically go for about 20% less than control stakes because LPs have no say in how the team is run, the $3 billion valuation equates to roughly a $3.7 billion control valuation. A little more than a year ago, Middleman purchased a 16.25% stake in the Phillies at a grossed up valuation of $2.8 billion. Based on revenue multiples, a $3.7 billion control valuation for the Phillies would be eight times 2023 revenue, compared with multiples of 5.3 for the Orioles and 6.7 for the Mets, according to historic revenue calculations.

Persons: John Middleton, Stanley, Middleton, Mitchell Morgan, Guntram Weissenberger, Steve Cohen Organizations: Philadelphia Phillies, New York Mets, London, The Philadelphia Phillies, Major League Baseball, NBC Sports Philadelphia, Phillies, Baltimore Orioles, Orioles, Mets Locations: London

☆ CNBC Sport: Why bars and restaurants are shedding 'Sunday Ticket' subscriptions
▼ + stars: | 2024-10-17 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +29 min

As a condition of that deal, EverPass included the right to build its own commercial streaming connection for "Sunday Ticket," bypassing third-party licensing. 1) Some commercial establishments are switching to EverPass's internet product. 2) Some commercial establishments are cutting the cord on pay-TV in general. 3) Certain commercial establishments are using YouTube's "Sunday Ticket" and paying residential prices (about $500 per year) instead of the higher business rates. 3) Certain commercial establishments are using YouTube's "Sunday Ticket" and paying residential prices (about $500 per year) instead of the higher business rates.

Persons: Alex Sherman, DirecTV's, What's, EverPass, Lillian Rizzo, –, Everpass, It's, Craig Kilborn, Val Ackerman, Ackerman, that's, We're, Alex, you've, they're, Jeff Shell, Tom Brady, Tom Wagner, CNBC's Michael Ozanian, Jessica Golden, Brady, He'll, Wagner, Warner, Jake Piazza, CNBC's Rizzo, Nielsen, That's, — Ian Charles, Arctos, Charles, NBC's Peacock, Christian Miller, Miller, Adam Silver doesn't, Jim Dolan, Abu, Greg Norman, Norman, Rory McIlroy, Tiger Woods, Chiney Ogwumike Organizations: CNBC, NFL, Google, YouTube, DirecTV, EverPass Media, RedBird Capital Partners, Amazon Prime, ESPN, Dish Network, Big East Conference, WNBA, Big, CNBC Sport, Skydance, Paramount Global, Shell, Paramount, Las Vegas Raiders, Knighthead, Raiders, Fox Sports, NBA, Warner Bros, Discovery, TNT, MLB, Los Angeles Dodgers, New York Mets, Mets, Revenue, League, Golden State Warriors, Boston Celtics, Philadelphia Phillies, Wall Street, Comcast, Puma, NBC News, U.S, SEC, New York Times, Sphere Entertainment, Saudi Arabia's Public Investment Fund, Sports Business, PGA, Chiney, Continent Foundation, Philadelphia Eagles, Kansas City Chiefs, Visual China, Getty, Big East Locations: Apple, New York, American, Boston , Philadelphia, Northern California, U.S, Abu Dhabi, Vegas, Queens, Africa, Newport Beach , California

☆ Billionaire Tom Gores to buy 27% of the LA Chargers for $750 million
▼ + stars: | 2024-10-16 | by ( Michael Ozanian | ) www.cnbc.com time to read: +3 min

Detroit Pistons team owner Tom Gores claps during the press conference on July 30, 2021 at the Pistons Performance Center in Detroit, Michigan. Gores also owns the the National Basketball Association's Detroit Pistons. The private equity founder along with this firm, Platinum Equity, bought the team for $325 million in 2011. The purchase of the Chargers stake is solely by Gores and not affiliated with Platinum Equity. Likewise, the Chargers play in SoFi Stadium, which is also the home of the Los Angeles Rams.

Persons: Tom Gores claps, Tom Gores, Gores, Dea Spanos Berberian, Dean, Alexis, Michael Spanos, Holly, Dean Spanos, Alex G, Berberian, Stan Kroenke Organizations: Detroit Pistons, Pistons, National Football, Los Angeles Chargers, Chargers, Las Vegas Raiders, NFL, National Basketball Association's Detroit Pistons, Platinum Equity, Little Caesars Arena, National Hockey, Detroit Red Wings, Red Wings, NHL, Los Angeles Rams, Rams Locations: Detroit , Michigan, Los Angeles, Oakland , California, SoFi

Las Vegas Raiders owner Mark Davis walks off the field with former NFL quarterback Tom Brady before the preseason game between the Dallas Cowboys and the Las Vegas Raiders at AT&T Stadium in Arlington, Texas, on Aug. 26, 2023. National Football League owners are expected to approve Tom Brady as minority owner of the Las Vegas Raiders on Tuesday, a person familiar with the matter told CNBC. After he first retired from the NFL, Brady signed a 10-year, $375 million broadcasting deal with Fox Sports in 2022. The five-time Super Bowl MVP is not new to the Las Vegas sports scene. He is also a minority owner of the Women's National Basketball Association's Las Vegas Aces, which, like the Raiders, is owned by Mark Davis.

Persons: Mark Davis, Tom Brady, Tom Wagner, Brady, Wagner Organizations: Las Vegas Raiders, NFL, Dallas Cowboys, T, National Football League, CNBC, Raiders, Knighthead, Allegiant, Fox Sports, Las, Las Vegas Aces Locations: Arlington , Texas, Atlanta, Oakland, Las Vegas

☆ Michael Ozanian: Ambition is fulfilling your dreams
▼ + stars: | 2024-10-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMichael Ozanian: Ambition is fulfilling your dreams"Sports is becoming another investable asset class." CNBC Senior Sports Reporter Michael Ozanian shares how his love of sports as a kid drove his ambition to work in the sports business industry.

Persons: Michael Ozanian Organizations: CNBC

☆ Michael Ozanian: Sports is becoming another investable asset class
▼ + stars: | 2024-10-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMichael Ozanian: Sports is becoming another investable asset class"Ambition is fulfilling your dreams. "CNBC Senior Sports Reporter Michael Ozanian shares how his love of sports as a kid drove his ambition to work in the sports business industry.

Persons: Michael Ozanian Organizations: CNBC

Miami Dolphins are in advanced talks to sell minority stake in team to Ares Management, billionaire Joe TsaiThe Miami Dolphins are in advanced talks to sell a minority stake in the team to private equity firm Ares Management and billionaire Joe Tsai, CNBC has learned, highlighting the growing trend of owners looking to build their sports portfolios to include multiple teams and operate their own stadiums to maximize revenue. CNBC has valued the Miami Dolphins as the league's eighth most valuable team at $7.1 billion, which does not include the stadium. The Miami Dolphins and the NFL declined to comment, and Tsai's BSE Global did not immediately respond to a request for comment. Businessman Stephen Ross purchased the Miami Dolphins in 2009 for $1.1 billion. This allows him to bring in revenue from events held at the stadium such as the Miami Grand Prix and Miami Open tennis tournament.

Persons: Joe Tsai, Ares, Tsai, Stephen Ross, Ross Organizations: Miami Dolphins, Ares Management, CNBC, Hard, Miami Grand Prix, Miami, NFL, Brooklyn Nets, Bloomberg, BSE Global, Miami Open, Dolphins, Formula, Prix

The Spurs' majority owner is Peter Holt, managing partner of Spurs Sports & Entertainment, which also operates the team's arena, the Frost Bank Center. Last May, Viera bought a 5% stake in the Spurs for an undisclosed enterprise value. Partial team owners can get major discounts when they buy small pieces of teams that give them less control over decisions. Businessman Paul Viera is increasing his stake in the San Antonio Spurs from 5% to 11%, CNBC has learned, as NBA valuations climb and make teams more attractive assets for investors. NBA teams are hot assets thanks in large part to the league's new $76 billion, 11-year media deal.

Persons: Peter Holt, Holts, Michael Dell, McCombs, David Robinson, Viera, Earnest, Paul Viera, Victor Wembanyama, Junior Bridgeman, Dee Haslam, Marc Lasry's, Bridgeman, Grant Hill, Penny, Hardaway, Robinson, Dwyane Wade, Elliot Perry, Michael Jordan, Wyc Grousbeck, Aramark Organizations: San Antonio Spurs, Golden State Warriors, T Center, Spurs, Spurs Sports & Entertainment, Frost Bank Center, Dell Technologies, Sixth Street Partners, Earnest Partners, CNBC, NBA, Southwest Division, Milwaukee Bucks, Bucks, Atlanta Hawks, Memphis Grizzlies, Utah Jazz, Grizzlies, Charlotte Hornets, Boston Celtics, Grousbecks, Celtics Locations: San Antonio , Texas, Atlanta

Ulysses “Junior“ Bridgeman attends Day 2 of 2023 Invest Fest at Georgia World Congress Center on August 27, 2023 in Atlanta, Georgia. Businessman and former NBA player Ulysses Lee "Junior" Bridgeman is buying a 10% stake in the Milwaukee Bucks, according to three sources familiar with the deal. The transaction will value the team at $4 billion. NBA owners will be notified of the sale in a memo Thursday, added the sources, who asked to remain anonymous because the details of the deal are not public. Bridgeman and the Bucks did not immediately respond for comment.

Persons: Ulysses “, “ Bridgeman, Ulysses Lee, Junior, Bridgeman, Ebony Organizations: Invest, Georgia World, Center, NBA, Milwaukee Bucks, Bucks Locations: Atlanta , Georgia

☆ CNBC's Official NFL Team Valuations 2024: Here's how the 32 franchises stack up
▼ + stars: | 2024-09-05 | by ( Michael Ozanian | ) www.cnbc.com time to read: +1 min

Welcome to the kickoff of CNBC's first-ever Official NFL Team Valuations. Here we rank professional football teams on overall franchise value, calculated by CNBC senior sports reporter Michael Ozanian. The rankings factor in a team's revenue, profit and debt to match up the 32 clubs ahead of the start to the NFL season. Today, an NFL team is worth an average of $6.49 billion, representing major returns for league owners. With global sports business booming and private equity investors finally off the NFL sidelines, where does your team rank among professional football's most valuable franchises?

Persons: CNBC's, Michael Ozanian, Taylor Swift's Organizations: NFL, CNBC, Dallas Cowboys, Los Angeles Rams, Los Angeles Chargers

☆ Rising NFL valuations mean massive returns for owners. Here's how good the investment is
▼ + stars: | 2024-09-05 | by ( Michael Ozanian | ) www.cnbc.com time to read: +7 min

watch nowA National Football League team today is a $6.5 billion business. That is the average value of the NFL's 32 franchises, according to CNBC's Official 2024 NFL Team Valuations. Across the past 10 NFL teams to be sold, seven of the 10 outperform the S&P 500 on a percentage-gained basis in the period since the sale. Rising valuationsThe escalation in football team values is largely the result of the league's massive and growing media deals. The typical NFL team has an EBITDA margin of 19%.

Persons: Robert McNair, That's, Peacock, Taylor Swift, Allen J, Tampa Bay's Raymond James, Ryan Flournoy, Matt Hankins, Ron Jenkins, Rob Walton, Josh Harris, Jerry Jones, Jones Organizations: National Football League, Pro, Houston Texans, NFL, Texans, Super, Washington, Denver Broncos —, Miami Dolphins, Comcast, Disney, Paramount, Fox, YouTube, NFL Sunday, Amazon Prime, Thursday, Netflix, CNBC, ESPN, Chicago Bears, Minnesota Vikings, Soldier, Kansas City Chiefs, Los Angeles Times, Getty, Tampa, New England's Gillette, Lincoln Financial, Dolphins, Dallas Cowboys, Los Angeles Chargers, T, Denver Broncos, Tampa Bay Buccaneers, Cowboys, The Cowboys, Dallas Locations: U.S, Chicago, Green Bay ; Wisconsin, Buffalo , New York, New York, Los Angeles, Inglewood , California, Arlington , Texas

☆ Why the LA Rams are worth $2 billion more than the LA Chargers
▼ + stars: | 2024-09-05 | by ( Michael Ozanian | ) www.cnbc.com time to read: +2 min

The National Football League's Los Angeles Rams, No. 2 on CNBC's Official 2024 NFL Team Valuations list, are worth $8 billion, while the Los Angeles Chargers rank 26th at a value of $5.83 billion. Both teams play in SoFi Stadium, which Rams owner Stanley Kroenke financed to the tune of more than $5 billion. Los Angeles Rams owner Stanley Kroenke speaks during the "Football Meets Football" Youth Clinic at the Rams NFL training camp on the Loyola Marymount University campus in Los Angeles on July 26, 2024. Patrick T. Fallon | Afp | Getty ImagesThe mega tour was a boon for several NFL teams last year.

Persons: Stanley Kroenke, Kroenke, Taylor Swift, Patrick T, Fallon, SoFi, Beyoncé, Ed Sheeran Organizations: The, Football, Los Angeles Rams, CNBC's, Los Angeles Chargers, Rams, Chargers, Angeles Rams, Rams NFL, Loyola Marymount University, Afp, Getty, NFL, CNBC, — Locations: Los Angeles, SoFi

☆ The Cowboys are worth $11 billion. Here's how Dallas went from losing $1 million a month to topping the NFL in value
▼ + stars: | 2024-09-05 | by ( Michael Ozanian | ) www.cnbc.com time to read: +5 min

watch nowWhen Jerry Jones plunked down $150 million to buy the Dallas Cowboys in 1989, the team was losing $1 million a month, according to Jones. The Cowboys are the most profitable in the NFL, posting EBITDA of $550 million last season, $300 million more than the New England Patriots, the second-most profitable NFL team, according to CNBC's list. In 1995, Jones signed a 10-year, $40 million deal with Pepsi-Cola and made a $2.5 million a year, 10-year deal with Nike. The value of the Cowboys' sponsorship deals has ballooned over the years. But there is no doubt he created the economic blueprint for an NFL team.

Persons: Jerry Jones plunked, Jones, DaRon Bland, Ron Jenkins, Tom Landry, Jimmy Johnson, Herschel Walker, Emmitt Smith, Darren Woodson, Barry Switzer, Jason Robins, Ryan Kang, Mike Tyson Organizations: Dallas Cowboys, Texas, Cowboys, National Football League, Los Angeles Rams, NFL, New England Patriots, Washington, T, Arkansas, CNBC, American Express, Pepsi, —, Visa, Cola, Nike, NFL Properties, The Cowboys, Molson Coors, The Dallas Cowboys, Seattle Seahawks, AT, Super, Big, Professional Bull Riders, & $ Locations: Arlington , Texas, Texas, Arlington

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