CNBC’s Official NFL Team Valuations 2025

The National Football League continues to expand its leadership as the world’s most valuable and profitable sports league, worth $ 7.65 billion, according to CNBC’s official NFL team values ​​2025.

According to CNBC’s calculations, eleven NFL team now has a value of $ 8 billion or more just two years ago. Large market teams with lucrative stadium revenues are at the top of the CNBC.

According to CNBC’s calculations, Dallas Cowboys, worth $ 12.5 billion, maintained their places as the most valuable team of the league. Cowboys also recorded the highest income in NFL from $ 1.27 billion. In 2024, the cowboys, according to a person who knew the subject, did not have the authority to speak publicly, according to a person who wanted not to be named because he did not have the authority to speak, mostly earned a sponsorship of approximately $ 300 million in the NFL.

According to CNBC’s calculations, Los Angeles Rams, worth $ 10.7 billion, is the second most valuable team. According to another person who knows the issue, according to another person in 2024, only the cowboys rose with a sponsorship income of approximately $ 250 million, which asked not to be named because they were not authorized to speak publicly.

According to CNBC calculations, the average team income in the 2024 season increased by 7.3% compared to the previous year and reached 687 million dollars. This increase was largely caused by national income – according to the league managers, television, undergraduate and sponsorship revenues, equally shared between 32 franchisees, rose to an average of $ 433 million per team in the previous season.

According to CNBC calculations, the average earnings before interest, taxes, depreciation and depreciation or EBITDA rose to $ 7.9% in 2024 to $ 137 million.

NFL’s financial power is supported by its popularity and the value of its content. According to Nielsen, NFL games formed 72 of the 100 most watched US telekasts in 2024. According to a person familiar with contracts who want to remain unnamed because they are not authorized to speak publicly, media rights agreements now produce an average of $ 12.4 billion per year.

The value of the content of the league extends beyond the right wages. At the beginning of last month, Walt Disney’s ESPN and NFL accepted an agreement to buy Disney’s NFL network, NFL fantasy and NFL Redzone for 10% stock in ESPN. Analysts and those who come from inside estimate that NFL’s share in ESPN may be between $ 2 billion and $ 3 billion. According to the league managers, the agreement is expected to significantly increase the EBITDA, because according to the league managers, too much production costs from NFL to ESPN will shift.

NFL also has a small share of ownership in Paramount Skydance through the joint venture between Skydance Sports and League.

Team owners benefit from the popularity and financial power of the league by selling shares to limited partners. Although there were only three investments by private capital companies in NFL teams, since the league allowed such agreements a year ago, the change of rule had a deep impact on the sales prices, because according to sports bankers, private capital companies lined up in front of the NFL team put a floor on values ​​and erased the liquidity.

Arctos Partners, Buffalo Bills and Los Angeles Chargers, while buying shares, Ares Management Miami Dolphins received a minority stake. Historically, investors would expect a 20% to 25% discount on valuation if they wanted to buy a small share that would not promise that the team did not offer a way to work or not to provide a way for control. However, according to a Sports Banker squad CNBC interviewed, this cheaper investment has greatly encountered. The bankers talked about the status of anonymity because they worked in most of the transactions.

NFL team ownership tends to be much more generated than other leagues. The NFL has a tremendous demand to be a part of the team ownership, and compared to other leagues, very few sales or property shares transfer to a buyer who controls interest to a team.

The rules of ownership of the NFL require the control of the control of the team to have at least 30% of the team and to have a maximum of $ 1.5 billion in the team and stadium. Sports bankers told CNBC that people who do not have super -wealth to buy a wealthy but controlled share, are willing to buy a small amount of minority shares that will buy an interest that controls in another league.

Chicago Bears saw the largest annual leap in the valuation of 39.1% increase to $ 8.9 billion this year. An agreement waiting for the NFL approval would have a 2,3% share to be named according to a person who wanted to be named according to a value of 8.9 billion dollars, according to a person who knows the subject of the team, McCaskey and Ryan families of the team, McCaskey and Ryan families.

Before the Bears Agreement, the previous record -high price paid for the minority shares in an NFL team was about $ 8.6 billion for 6.2% of San Francisco 49ers in May. At the end of 2024, the 49ers gained an $ 8.3 billion for 8% of Philadelphia Eagles’ shares. New York Giants currently wants to sell 10% shares with a value of about $ 10 billion.

More minority shares are expected in the coming months with private capital companies that are eager in such rich values ​​and a part of the action.

Values ​​are set for teams that are expected to develop soon, for example, planned to be moved to new stadiums such as Buffalo Bills and Tennessee Titans 2026 and 2027.

Adjusts values ​​for teams that provide financing for important stadium improvements such as CNBC, Cincinnati Bengals, 350 million dollars The Paycor Stadium from Hamilton County in Ohio for a 470 million dollar renovation.

Revenue and EBITDA figures are for the 2024 season and are on a cash base on the basis of accrual. Debt figures are most recently available and contain both team debt and stadium debt.

CNBC reduces the cost of goods sold from goods sales. For this reason, CNBC excluded the GAAP domination of $ 23 million for the potential shaking case of each team, which should be put aside in 2024, and each team received for a stock sale made by a little less than a little less than $ 2 million. 32 EqualityAccording to a person who wants to be named because he does not have the authority to speak public opinion, the investment arm of the league.

CNBC’s official NFL team values ​​include team owners, investors and managers; Sports bankers and league consultants; General documents such as stadium lease agreements, stadium authority budgets and inspections and credit rating reports; and sponsorship and broadcasting sector managers.

The figures that cannot be confirmed by sources are CNBC estimates. Some figures used to calculate values ​​may be approximately approximately.