Forbes consistent on value of Bucs franchise
There were some raised eyebrows and head scratching today when Forbes produced its list of the most valuable sports franchises in the world, a list that ranked the Buccaneers 12th, valued at $1.09 billion.
Given the team's recent fortunes (no pun intended) on the field and the resulting slow pace of ticket sales, some have wondered aloud how this is possible.
But I submit to you that it's plausible this is actually accurate. In fact, it's confusing to me why there's so much surprise over this.
For evidence, take a look at Forbes' rankings of the most valuable NFL teams released in September. In that report, the Bucs were determined to have a value of $1.1 billion -- roughly $10 million higher than today's report reflects. Perhaps the recent rough patch the team is experiencing can be blamed for that dip in the value, but overall, the club would appear to be in a very strong financial position -- at least from the outside.
Of course, all of this depends on how much stock you put in the numbers. Much of the data is arrived at through estimates because hard numbers aren't available when you're dealing with privately-held properties.
I've never seen the Glazers' books, and that's probably not going to happen any time soon. But Malcolm Glazer purchased the club for $192 million. No matter what the team is worth, there's a whole lot of equity wrapped up in there.
Oh, and as we've pointed out numerous times, English soccer club and Glazer property Manchester United checked at No. 1 on the list at a value of $1.84 billion. No surprise there at all.