Owning an NFL team is still a good investment.
No surprise about that, but the annual Forbes valuations of NFL teams shows that on average franchises are worth 19 percent more than a year ago.
That’s certainly true of the Chiefs. According to Forbes, which released the new valuations on Wednesday, the Chiefs’ value jumped from $1.53 billion in 2015 to $1.88 billion this year, an increase of 23 percent.
That’s roughly the same increase the Denver Broncos enjoyed ($1.94 billion to $2.4 billion), but it was nothing compared to the other two teams in the AFC West.
The Oakland Raiders, who were the 31st-most valuable NFL franchise a year ago, jumped to 21st with their value increasing 47 percent ($1.43 billion to $2.1 billion). The San Diego Chargers stayed at No. 22, but saw a 36 percent increase in their value ($1.53 billion to $2.08 billion).
The Chiefs fell from 21st in the NFL valuation rankings to 27th, while the Broncos fell one spot to No. 12.
The reason for the increased value for the two AFC West rivals? Both should be moving into new stadiums.
Forbes’ Mike Ozanian wrote:
The Raiders generated the lowest revenue ($301 million) in the league in 2015. But not for too long. The team will either have a new stadium in Oakland, move in with the Rams, or relocate to Las Vegas. Either way, these options make the team worth $2.1 billion. The Chargers get first dibs on becoming Kroenke’s tenant, or can opt for a new stadium in San Diego, which is why the team is valued at $2.08 billion. The main thing is both the Raiders and Chargers are portable, meaning they aren’t chained to their antiquated stadiums.
For more on Forbes’ valuations, click or tap here.
This is the list: