Business
Cowboys most valuable NFL team at $2.1 billion
Posted: Sep 5, 2012 11:25 AM
Updated: Sep 5, 2012 11:28 AM
NEW YORK (AP) The Dallas Cowboys have become the first American sports franchise worth more than $2 billion, according to Forbes magazine.
The NFL's most valuable team for the sixth consecutive year, the Cowboys saw their overall worth increase 14 percent to $2.1 billion. That's about $1 billion higher than the average NFL team value, $1.11 billion, up 7 percent.
New TV contracts, the collective bargaining agreement signed last year and lasting for a decade, and higher premium seating revenue contributed to the increases.
With new stadiums in the works for the Vikings and 49ers, their values skyrocketed. Minnesota had a 22 percent increase to $975 million, while San Francisco moved up 19 percent to $1.175 billion.
New England was second to Dallas in overall value at $1.635 billion.
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Online: www.forbes.com/nfl
