2/6/2024 0 Comments Roger clark billionsSkoglund, Max Winter, Pete Rozelle Bert Rose and Felton Colwell presented Vikings season ticket checks to Bill Boyer, president of the Vikings, in September of 1960.įirst owners: The Vikings operated as a board of directors, the first five men to run the team starting in January of 1960 were: Max Winter, E. (The surge in values doesn't account for inflation, but the trend is still overwhelming.)įrom left, H.P. Here is a look at the valuation and sale history of Minnesota teams in the six biggest professional leagues. The Vikings and Timberwolves have been sold twice, the Twins and Wild once. Along with being expensive, the chance to buy a majority ownership stake in a pro sports team is rare. Lore and Rodriguez agreed to pay $1.5 billion to join an elite group. Locally, billionaire Marc Lore and former baseball star Alex Rodriguez are set to become the newest pro team owners in Minnesota when they are scheduled to take over majority share of the Timberwolves and Lynx next year from Glen Taylor, who also owns the Star Tribune. There's a lot of due diligence, as well as compliance issues." "We're hard at work as a staff looking at that, as we do every transaction. "I think we'll get it to a place where we'll get it approved," he said. The sale was discussed last week when the NFL held its league meetings near the Vikings' team headquarters in Eagan, with Commissioner Roger Goodell confident the sale would happen. It will be the highest price ever paid for a North American sports team. "So you sit back with your crystal ball - some of it is art, some of it is science - and you think, 'Where do I think revenue is headed?'"ĭan Snyder recently agreed to sell the NFL's Washington Commanders for $6.05 billion in the midst of Congressional and internal investigations. "When you think about valuing these franchises, it's really all about what you believe you're going to be able to capture down the road in terms of new revenue streams," Carter said. Second, there is no reason to believe the soaring value of franchises is going to stop anytime soon as new revenue streams continue to emerge: Think sports gambling, social media, international markets and broadcast deals. Carter, an adjunct professor at the USC Marshall School of Business who has spent 30 years as a sports business consultant.įirst, the supply of franchises to purchase remains stable while the demand to purchase teams remains high. What's happened in Minnesota is not surprising, said David M. The current estimated market value of the six local pro teams is over $8 billion. Since the Vikings started playing, the state added the Twins in 1961, watched as the North Stars came in 1967 and went in 1993, and gained the Timberwolves in 1989, the Wild in 1997, the Lynx in 1999 and Minnesota United in 2017. It seems unlikely that anyone at the time could envision the exponential growth in value that would come to sports franchises in Minnesota. It started with $1 million in January of 1960.Īfter the Minneapolis Lakers moved to Los Angeles and left the Twin Cities without a professional sports franchise, a group of five investors clawed their way through negotiations with the NFL to land an expansion team.Īnd just like that, the Twin Cities were back to being pro sports towns.
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