Forbes: Packers among world's Top 20 most valuable sports franchises
Chicago Bears quarterback Jay Cutler is sacked by Green Bay Packers linebacker Clay Matthews during the first quarter of their game Thursday, September 13, 2012 at Lambeau Field in Green Bay, Wis. MARK HOFFMAN/MHOFFMAN@JOURNALSENTINEL.COMPhoto: Image by Mark Hoffman
GREEN BAY - Usually, it's not the happy lot of Green Bay Packers fans to scream "We're number 18! We're number 18!"
But in worldwide competition among sports franchise values, that's where the franchise with the most NFL championships resides in Forbes' newly-released Top 50.
The Packers are valued at $1.161 billion, slightly more than one-third of the value of the most highly-valued sports franchise on the planet, Real Madrid soccer.
Forbes says, "The Packers raised $67 million in a stock sale, which was used to partially fund a $143 million renovation of Lambeau Field. The upgrade includes two new HD video boards and 6,700 new seats.
"The Packers are the only major U.S. pro sports team owned by its fans."
Yes, the Packers' archrivals, the Chicago Bears, are ranked ahead of them. (Don't let jealousy or hatred cloud your thinking, Packers fans. Just enjoy when they dominate the series like they have in the last six meetings.)
So are the team that knocked them out of the playoffs last year, the San Francisco 49ers, and every team in the money-but-not-victory-loaded NFC East.
Why aren't the Packers ranked higher?
The biggest reason may be that they don't own their own stadium.
The Cowboys, for example, own Cowboys Stadium. Same thing with Gillette Stadium and the Patriots.
The City of Green Bay owns Lambeau Field, along with the Green Bay/Brown County Professional Football Stadium District.
That doesn't allow the value of the stadium to be included in the total.
The franchises ahead of the Packers:
- 1) Real Madrid (La Liga soccer, $3.3 billion)
- 2) Manchester United (Premiere League soccer)
- 3) Barcelona (La Liga soccer)
- 4) New York Yankees (MLB)
- 5) Dallas Cowboys (NFL)
- 6) New England Patriots (NFL)
- 7) Los Angeles Dodgers (MLB)
- 8) Washington Redskins (NFL)
- 9) New York Giants (NFL)
- 10) Arsenal (Premiere League soccer)
- 11) Boston Red Sox (MLB)
- 12) Bayern Munich (Bundesliga soccer)
- 13) Houston Texans (NFL)
- 14) New York Jets (NFL)
- 15) Philadelphia Eagles (NFL)
- 16) Chicago Bears (NFL)
- 17) San Francisco 49ers (NFL)