The purchase of the Denver Broncos by Rob Walton sets a new benchmark for the sale of a sports team: $4.65 billion.
The same bigfooting happened in 2014 when Steve Ballmer plopped down $2 billion—almost 14 times revenue—for the NBA’s Los Angeles Clippers.
The second point is that, buyers aside, the multiples being paid for sports teams continue to climb, in part because there’s an expectation that revenue and profits will keep increasing and also because the value of sports teams isn’t correlated with the economy or the stock market, making them anIn real terms, the NFL team sale prices have increased more than fivefold the past two decades, versus a little more than a threefold increase for the stock market .
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