What was the average valuation when the NFL sold its last franchise?
I recall the move to LA cost the Rams 2.0B
When Pegula bought the Bills, the valuation by Forbes was less than $1M and he bought them for $1.4B with no serious competitive bid against him since he knew he could write off the $1.4B over 10 years as a depreciating asset against all of his business income including fracking. Special NFL tax exception.
How is the average valuation now over $7B?