Valuation of NFL Teams

[Pokerbrat2000]

Doesn't mean a thing. It's all tax exempt land so NJ barely makes a dime. In fact, when the SB was at the Meadowlands 5+ years ago, ALL of the Super Bowl events were held in NYC. New York got most of the revenue and NJ got blamed for bad transit to and from the event.

Little brother.

It's "tax exempt land" because they rent it (don't own it). The land is owned by the state-run New Jersey Sports and Exposition Authority (NJSEA).

The New York Giants and Jets generate an estimated $300 M in annual direct economic impact for New Jersey, largely through visitor spending, local hospitality, and job support. While the teams' massive franchise revenues stay private, they pay the state a combined ground lease of $6.3 M annually.

 

[rmontro]

Doesn't mean a thing. It's all tax exempt land so NJ barely makes a dime. In fact, when the SB was at the Meadowlands 5+ years ago, ALL of the Super Bowl events were held in NYC. New York got most of the revenue and NJ got blamed for bad transit to and from the event.

But Oakland doesn't have San Francisco's NFL or MLB teams.

 

[milani]

But Oakland doesn't have San Francisco's NFL or MLB teams.

Oakland no longer has ANYTHING. LOL!

 

[milani]

It's "tax exempt land" because they rent it (don't own it). The land is owned by the state-run New Jersey Sports and Exposition Authority (NJSEA).

The New York Giants and Jets generate an estimated $300 M in annual direct economic impact for New Jersey, largely through visitor spending, local hospitality, and job support. While the teams' massive franchise revenues stay private, they pay the state a combined ground lease of $6.3 M annually.

I think that right now that locale, whether in one state or another, has to worry more about having losing teams than revenue. It has had that for a long time.

 

[rmontro]

Oakland no longer has ANYTHING. LOL!

Wow, you're mean. Lol.