bubba9497 Posted August 19, 2003 Share Posted August 19, 2003 Redskins valued at $1 billion By Eric Fisher THE WASHINGTON TIMES http://www.washtimes.com/sports/20030818-115053-7465r.htm The Washington Redskins likely will receive an estimated franchise value of about $1 billion by Forbes Magazine when its annual financial ranking of NFL teams hits newsstands late next week, industry sources said. Forbes' closely watched rankings corroborate a report from industry publication SportsBusiness Journal, which cites financial sources valuing all of the Redskins' holdings, including FedEx Field, at up to $1.5 billion. The Redskins' numbers are easily the highest in U.S. sports history, and substantially beat the $800 million owner Daniel Snyder paid for the holdings more than four years ago. The Redskins have been the most valuable sports team in America since 2000, according to Forbes. Fueling the increased value are the Redskins' rising revenue streams, now amounting to more than $250 million a year, and a recent sale of about 20 percent of the Redskins' equity for $200 million to FedEx chairman Fred Smith, local real estate executive Dwight Schar and Florida insurance executive Robert Rothman. The transfer of equity, which includes no controlling interest, is set to be formally approved by NFL owners this week. NFL owners have until Friday to vote on the transfer electronically, but there are no outstanding issues since the league's finance committee already has unanimously approved the deal. British soccer power Manchester United briefly hit $1 billion in total stock value in 1998, but now stands nowhere near that figure. Link to comment Share on other sites More sharing options...
NoCalMike Posted August 19, 2003 Share Posted August 19, 2003 Interesting. Link to comment Share on other sites More sharing options...
Tarhog Posted August 19, 2003 Share Posted August 19, 2003 Don't let Champ hear about this. Link to comment Share on other sites More sharing options...
NavyDave Posted August 19, 2003 Share Posted August 19, 2003 That means that Champ's 18 million SB request is doable? Link to comment Share on other sites More sharing options...
bleedblue Posted August 19, 2003 Share Posted August 19, 2003 Do you have information like this on other teams? Link to comment Share on other sites More sharing options...
codeorama Posted August 19, 2003 Share Posted August 19, 2003 well, if Snyder paid 800,000 for the franchise and it's only gone up 200,000 in value since he's been the owner, that's not such a great investment. Link to comment Share on other sites More sharing options...
Art Posted August 19, 2003 Share Posted August 19, 2003 ND, It means the Redskins have so much revenue coming in for the team that we have immense amounts available to us to sign every player we want to a $20 million bonus. That's our advantage. We have no problem paying out the bonus money which is what's going to keep the identified core of players together for a while. Link to comment Share on other sites More sharing options...
bleedblue Posted August 19, 2003 Share Posted August 19, 2003 Snyder only payed $600,000 for the team. Isn't that kind of cheap for a football Franchise. Link to comment Share on other sites More sharing options...
Art Posted August 19, 2003 Share Posted August 19, 2003 Uh, Code. A $200 million increase in one's investment is pretty astounding. And that doesn't even include the revenue stream that produces a profit of over $50 million a year. Trust me, Snyder didn't get out of his other businesses because he was losing his shirt in football . Link to comment Share on other sites More sharing options...
bulldog Posted August 19, 2003 Share Posted August 19, 2003 yahoo! now can we get over .500 for the first time in 4 years, please Link to comment Share on other sites More sharing options...
Canyonero! Posted August 19, 2003 Share Posted August 19, 2003 Yeah, since when is a 25% increase in perceived value in 4 years bad? For a stock market comparison, the S&P 500 has gone down a little over 20% in the same span. And didn't the initial $800 million include FedEx Field? The article states that the Redskins + Holdings (i.e. FedEx Field) are worth $1.5 Billion. If that were the case, then he's increased his investment by nearly 2 times. Link to comment Share on other sites More sharing options...
Coach Williams Posted August 19, 2003 Share Posted August 19, 2003 NO BLUE WE ARE THE MOST EXPENSIVE TEAM IN THE NFL....lol caps again....before he bought us for 800 mil. our value was still #1......i don't know why though..... Link to comment Share on other sites More sharing options...
gridironmike Posted August 19, 2003 Share Posted August 19, 2003 I hope this means that when he pays off all the debt, he reduces our parking and concession prices! Link to comment Share on other sites More sharing options...
The Sir Posted August 19, 2003 Share Posted August 19, 2003 The Redskins are now valued $200 million more than they were when Snyder bought the team, that doesn't mean he's only maded $200 million since owning the team. Either way, $50mil a year wouldnt be a bad thing. Link to comment Share on other sites More sharing options...
MOskins56 Posted August 19, 2003 Share Posted August 19, 2003 :yikes: That's a lot of cheese Link to comment Share on other sites More sharing options...
sippin2020 Posted August 19, 2003 Share Posted August 19, 2003 The 1 billion is in holdings, or assets. It mentions in the article the the revenue is now at about 250 mil a year. This is gross, not profits. I would imagine that we are one of the most profitable teams in the league as well though. Link to comment Share on other sites More sharing options...
Tom [Giants fan] Posted August 19, 2003 Share Posted August 19, 2003 bleedblue, It did say $800,000 but there were three zeroes forgotten at the end. Honest mistake. He meant $800,000,000. And now they are going to be worth $1,000,000,000 which is up $200,000,000 from when he bought it. Link to comment Share on other sites More sharing options...
bleedblue Posted August 19, 2003 Share Posted August 19, 2003 Originally posted by KINGBRICE_28 NO BLUE WE ARE THE MOST EXPENSIVE TEAM IN THE NFL....lol caps again....before he bought us for 800 mil. our value was still #1......i don't know why though..... O Link to comment Share on other sites More sharing options...
jbooma Posted August 19, 2003 Share Posted August 19, 2003 Originally posted by gridironmike I hope this means that when he pays off all the debt, he reduces our parking and concession prices! man i wish i could be born again as his children, once he pays off the debt $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ :laugh: Link to comment Share on other sites More sharing options...
bleedblue Posted August 19, 2003 Share Posted August 19, 2003 I am sure everyone feels that way. Link to comment Share on other sites More sharing options...
Prosperity Posted August 19, 2003 Share Posted August 19, 2003 Get rid of the salary cap and we will be in business big time. Link to comment Share on other sites More sharing options...
Reaganaut Posted August 20, 2003 Share Posted August 20, 2003 It means the Redskins have so much revenue coming in for the team that we have immense amounts available to us to sign every player we want to a $20 million bonus. That's our advantage. We have no problem paying out the bonus money which is what's going to keep the identified core of players together for a while. Art, what part of the salary cap don't I get here? Your bonuses are prorated over the life of the contract or paid upfront. The only advantage I can see is that we can pay it all this year if we want and take the hit now. I'm not sure what the advantage is of having a higher signing bonus. Link to comment Share on other sites More sharing options...
Art Posted August 20, 2003 Share Posted August 20, 2003 Reagan, There's no advantage to paying a higher signing bonus other than if a player is due to earn $6 million in base salary for one season, you can give him $14 million in a signing bonus over seven seasons, and you'll save a lot of money against the cap. The ability to afford signing bonus dollars of any size is an advantage the Redskins have over many teams. The ability to pay that money out is cash out of pocket. Snyder is maybe the ONLY owner who can go into each season with up front costs of $60 million in just bonus dollars and still make money. That's a benefit. Link to comment Share on other sites More sharing options...
NavyDave Posted August 20, 2003 Share Posted August 20, 2003 200 million isnt something to sneeze at. Imagine if like the Yankees we didnt have to share with the rest of the league Link to comment Share on other sites More sharing options...
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