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How much each #NFL team last sold for.

Started by MightyGiants, July 03, 2024, 11:24:08 AM

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MightyGiants

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ozzie

Seeing those prices that are under a million makes me do a double take. What a return on investment those buyers got!
"I'll probably buy a helmet too because my in-laws are already buying batteries."
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MightyGiants

Quote from: ozzie on July 03, 2024, 11:37:17 AMSeeing those prices that are under a million makes me do a double take. What a return on investment those buyers got!

Some of that is time based

If you invested $100 in the S&P 500 at the beginning of 1960, you would have about $55,812.27 at the end of 2024, assuming you reinvested all dividends. This is a return on investment of 55,712.27%, or 10.32% per year.

So if you invested a million dollars in the market in 1960 it would be worth $550 million today.  Not running out the math but it looks like Al Davis' investment in the Raiders (admittedly not an NFL team at the time) beat the market while I am thinking the buying the Lions for $4 million in the same year (1964) didn't beat the market.
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DaveBrown74

Despite the exorbitant increase in value that these teams have seen in the past decade or so, I am of the opinion that this is still a great time to be buying an NFL team. Big picture-wise, we are still only in the nascent stages of legalized gambling. I think this will have nothing less than a transformative effect on long term profitability.

Americans' insatiable appetite for sports is not going anywhere, and their only-recently-officially-legal insatiable appetite for gambling isn't going anywhere either. In fact it will get bigger now that gambling is more readily available and is being aggressively marketed. All told, I think the valuations of these NFL teams will continue to rise at a break-neck pace, and they will remain money-making machines.