Seahawks are worth a lot of money according to Forbes
By Lee Vowell
The Seahawks are in the top-30 as far as how much professional sports teams are worth. This according to a new ranking from Forbes Magazine.
When Paul Allen bought the Seattle Seahawks in 1997 he paid just $194 million. While that may be a lot of money to you or me (and if it isn’t to you then may I just say, “Well done, you”), for a professional sports franchise that is not much at all. And in 2020, the Seahawks, according to a new Forbes Magazine ranking, are worth $2.78 billion.
That is a good return on profit for the Paul G. Allen Trust, the enterprise that currently owns the Seattle football team. Sadly, Mr. Allen passed away in 2018.
Seattle ranks 29th as far as value of any sports team. NFL teams make up just of the top-10 spots, however. The Dallas Cowboys are number one on the list worth $5.5 billion, followed by the New York Yankees at $5 billion. Also among the top-10 teams are three NBA teams, three soccer teams and one baseball team.
Times are a-changing
Things have changed over the years. Soccer teams have always had value, as, let’s face it, more of the world cares about soccer than American football. But NBA teams have increased in value greatly over the past 10 years rising in average value faster than any other sports league.
In fact, NBA teams make up three of the top five most valuable teams with the New York Knicks, Los Angeles Laker and Golden State Warriors being three the five in the Forbes ranking.
Seahawks rivals the Los Angeles Ram (11th) and the San Francisco 49ers (12th) are worth more money than Seattle, while the Arizona Cardinals are 48th on the list. The Cardinals are worth a paltry $2.25 billion. (Again, I joke. If you have that much money I will say to you again, “Well done.”