“You can’t negotiate fact”
Sep 14, 2015, 11:45pm MST Updated Sep 15, 2015, 7:49am MST
Patrick O’Grady Managing Editor Phoenix Business Journal
The Arizona Cardinals’ value grew by more than 50 percent in 2015, topping $1.5 billion on the annual Forbes list of the most valuable NFL franchises.
That valuation is good enough for the team to be ranked No. 20 overall on the list, a jump from its No. 25 ranking in 2014.
A strong few seasons by Head Coach Bruce Arians and the team have put the Cardinals on people’s radar, and a continued string of sellout games has put more money into the pockets of the Bidwill family, which owns the team.
Considering the Bidwills purchased the team for $50,000, according to Forbes, the family has made a lot of money on that initial investment.
The Cardinals also are benefiting, as are other NFL franchises, from hefty new television deals that are pumping millions of dollars of revenue sharing to every team.
The team gets $1.14 billion in valuation just for being part of the most popular sport in the U.S; $187 million from the market; and $142 million from the stadium.
Last year the Cardinals reported revenue of $308 million.
The most valuable team is the Dallas Cowboys, at $4 billion. The least valuable franchise is the Buffalo Bills, at $1.4 billion.
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