Colts-Jets Gets 6.0 Overnight Rating For ESPN NFLPA Launches New Business Accelerator Cubs' Average Price For Season Tickets Will Rise Les Moonves Defends NFL Ratings Red Sox Look To Avoid Luxury Tax Sources: LeBron Not Staying At Trump Hotel In N.Y. Clippers Holding Camp In Hawaii Titans, Browns Allowed To Wear Special Cleats Pennel's Lawsuit Against NFL, NFLPA Resolved A's Reinvesting All Revenues Into Coliseum, Club
BUCS SALE BOOSTS ALL FRANCHISE VALUES?
Published January 18, 1995
Malcolm Glazer's purchase of the Buccaneers for $192M sent shock waves "throughout the North American sports community," as the worst-ever NFL team was sold for the highest price of any professional sports team in history. FINANCIAL WORLD's Managing Editor Paul Brown says Glazer overpaid by $50M: "But Economics 101 tells you the worth of anything is what somebody is willing to pay for it. And you've got a lot of rich guys walking around with money burning a hole in their pockets." The sale will boost franchise values in every sports, according to Brown: "This sale transcends sports. ... If I own the [Blue] Jays, I point out the Tampa Bay sold for 30 per cent above its appraised value and make the argument that it's worth $200 million." Brown estimated the Dallas Cowboys value jumped from $190M to $290M "If I'm (Dallas Cowboys) owner Jerry Jones, I buy a case of champagne" (Tim Harper, TORONTO STAR, 1/18).