Sportico releases 2023 NFL franchise valuations (Bills at 29)

[Nextmanup]

  On 8/9/2023 at 4:24 AM, Richard Noggin said:

And yet my wages remain mostly the same. 

 

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Your wages haven't changed, in real economic terms, since about 1980.

 

Pegula has made @ $2.7 billion on JUST the Bills in the 9 years he has owned the team, and that's certainly not his only asset. 

 🤔

 

 

 

[Fleezoid]

It is the Bills Mafia, so the books won't show what they're really worth. 

[alton]

  On 8/9/2023 at 10:07 AM, Buffalo_Stampede said:

Someone said buying the Bills for $1.3 billion or whatever was a bad investment. Not sure who he was, but I don’t think it was anyone important.

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Trump said it when he was outbid haha https://www.cbssports.com/nfl/news/donald-trump-terry-pegula-overpaid-for-bills-because-of-me/

[Saxum]

  On 8/9/2023 at 3:06 PM, Nextmanup said:

Your wages haven't changed, in real economic terms, since about 1980.

 

Pegula has made @ $2.7 billion on JUST the Bills in the 9 years he has owned the team, and that's certainly not his only asset. 

 🤔

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He has not "made" it until it sells.  It is like when tax assessors raise the value of your house so you can have a higher tax bill - it is imaginary gain until you sell.

[buffaloboyinATL]

  On 8/9/2023 at 4:35 AM, Doc Brown said:

We'd be first if we put a roof on the new stadium.

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and built it downtown?

[Gregg]

 

[Augie]

  On 8/9/2023 at 3:48 PM, Fleezoid said:

It is the Bills Mafia, so the books won't show what they're really worth. 

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Back in my banking days some people would ask “which set of books do you want to see?”

 

That was never a good starting point.  😂 

 

Nice investment for the Pegulas and I do not resent their profit for a single second. They kept the Bills in WNY, and they did not take anything from me that I wasn’t willing to part with. 

[C.Biscuit97]

  On 8/9/2023 at 4:24 AM, Richard Noggin said:

And yet my wages remain mostly the same. 

 

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Poverty ($4.3 billion) franchise 

 

  On 8/9/2023 at 7:34 PM, Gregg said:

 

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Some of that is inflation but for as much as looks like the cryptic keeper, Jones is a heck of a business man.

  On 8/9/2023 at 4:15 PM, alton said:

Trump said it when he was outbid haha https://www.cbssports.com/nfl/news/donald-trump-terry-pegula-overpaid-for-bills-because-of-me/

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Shocked because he’s normally a very honest and not spiteful person. 

  On 8/9/2023 at 3:48 PM, Fleezoid said:

It is the Bills Mafia, so the books won't show what they're really worth. 

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Von Miller said the only reason he signed here is because we get so drunk and jump through tables.

[PromoTheRobot]

  On 8/9/2023 at 11:36 AM, Gregg said:

 

Not bad for a small market hockey team. 

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But just like the Bills, the Sabres are locked in their spot. Yes, values are going up but they are always going to be #28 or #29 because Buffalo. It's why I never relax about relocation. I don't think Terry ever would, but these teams are worth double almost anywhere else.

[Doc]

  On 8/9/2023 at 9:53 PM, PromoTheRobot said:

But just like the Bills, the Sabres are locked in their spot. Yes, values are going up but they are always going to be #28 or #29 because Buffalo. It's why I never relax about relocation. I don't think Terry ever would, but these teams are worth double almost anywhere else.

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Yup.  Which is why the owner is the most important thing.  We're incredibly lucky Terry came around.

[Big Turk]

Crazy the Bills are 29th and still worth north of $4.1 Billion...pretty nice ROI already for Pegula and only growing after the new stadium is built.

  On 8/9/2023 at 9:53 PM, PromoTheRobot said:

 

But just like the Bills, the Sabres are locked in their spot. Yes, values are going up but they are always going to be #28 or #29 because Buffalo. It's why I never relax about relocation. I don't think Terry ever would, but these teams are worth double almost anywhere else.

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That's why they can include ironclad agreements that make it near impossible without a new owner paying a prohibitive cost to break the lease.

 

 

[Buffalo Super Fan]

  On 8/9/2023 at 10:07 AM, Buffalo_Stampede said:

Someone said buying the Bills for $1.3 billion or whatever was a bad investment. Not sure who he was, but I don’t think it was anyone important.

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Buying a NFL isn’t a bad investment because it can be moved. I question those values for the Buffalo Bills in Buffalo. The only way a Bills owner gets that kind of value is moving the team New York City which I think the Bills team is heading after the 30 year lease is up unless Western New York economic development and fortunes change in the next 30 years. If it doesn’t the Buffalo Bills will still be in New York State as the New York Bills in a private financed stadium in Upper Manhattan, Brooklyn or Queens in my opinion. Go Bills! Let’s Go Buffalo 

[Bob Chandler's Hands]

  On 8/9/2023 at 11:30 AM, Gregg said:

Terry bought the team for 1.4 billion and now they are worth 4.13 billion. Nice return on your investment Terry. NFL owner = owing a cash cow.

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Technically, not a cash cow. Meaning, cash generated from operations maybe providing a reasonable return on the investment, but the real increase in wealth for Pegula is in (estimated) equity value, should he decide to sell.  

[Buffalo_Stampede]

  On 8/10/2023 at 3:05 AM, I am leaving for good said:

Buying a NFL isn’t a bad investment because it can be moved. I question those values for the Buffalo Bills in Buffalo. The only way a Bills owner gets that kind of value is moving the team New York City which I think the Bills team is heading after the 30 year lease is up unless Western New York economic development and fortunes change in the next 30 years. If it doesn’t the Buffalo Bills will still be in New York State as the New York Bills in a private financed stadium in Upper Manhattan, Brooklyn or Queens in my opinion. Go Bills! Let’s Go Buffalo 

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Actually they’re worth more than that if being moved. Bills could easily sell for $5+ billion on the open market.
 

They’re worth $4 billion in Buffalo due to revenue sharing. Has little to do with Buffalo.

Edited August 10, 2023 by Buffalo_Stampede

[Gregg]

  On 8/9/2023 at 9:53 PM, PromoTheRobot said:

 

But just like the Bills, the Sabres are locked in their spot. Yes, values are going up but they are always going to be #28 or #29 because Buffalo. It's why I never relax about relocation. I don't think Terry ever would, but these teams are worth double almost anywhere else.

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Anything is possible but with the new stadium I don't think the Bills will move at least not in our lifetimes. I don't think Terry will sell anyway. I thought the plan is now to let his children inherit the teams. His oldest daughter was going to owners' meetings with him and trying to learn the business side of a sports team. At least that is what has been reported in the media.

[PromoTheRobot]

  On 8/9/2023 at 10:48 PM, Big Turk said:

Crazy the Bills are 29th and still worth north of $4.1 Billion...pretty nice ROI already for Pegula and only growing after the new stadium is built.

 

That's why they can include ironclad agreements that make it near impossible without a new owner paying a prohibitive cost to break the lease.

 

 

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Not too be a Debbie Downer but that's an illusion. Worst case scenario: the team is sold and new owners want to move to, say, Toronto. But what about the billion-dollar buyout? So you pay $4B for the Bills PLUS another billion in penalty. So you're in for $5B now. An NFL team in Toronto is worth what? $6-7 billion?  A billion dollars ain't what it used to be.

 

Let's never let our guard down.

Edited August 11, 2023 by PromoTheRobot

[Nephilim17]

Pegula almost tripled his investment and made about 2.7 billion in just a handful of years. Smart man.

[JoPoy88]

  On 8/11/2023 at 3:55 AM, Nephilim17 said:

Pegula almost tripled his investment and made about 2.7 billion in just a handful of years. Smart man.

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gotta have money to make money brah

[Nephilim17]

  On 8/11/2023 at 4:06 AM, JoPoy88 said:

gotta have money to make money brah

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That said, there have been countless stories of immature and financially dumb-ass young athletes (boxers, ball players, etc.) who made over a hundred million and lost most or all of it... But maybe Pegula's entourage is a little more restrained...

[HIT BY SPIKES]

  On 8/9/2023 at 8:51 AM, Bangarang said:

Not a bad investment for Pegula. 

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Terry paid $1.4B and given American tax laws can write off that over ten years.

 

Some were wondering why he paid $1.4B when Forbes had the franchise valued at below $1B and there were no other realistic suitors -- Trump never disclosed his financials during the bidding process as required and Bon Jovi & Rogers were rightly or wrongly viewed as a threat to relocate the team against Ralph's declared estate wishes -- and it is because of this corporate welfare tax advantage that the NFL negotiated long ago.

 

Edited August 11, 2023 by HIT BY SPIKES