via Getty
FRISCO, TEXAS – JANUARY 08: Team owner Jerry Jones of the Dallas Cowboys talks with the media during a press conference at the Ford Center at The Star on January 08, 2020 in Frisco, Texas. (Photo by Tom Pennington/Getty Images)
via Getty
FRISCO, TEXAS – JANUARY 08: Team owner Jerry Jones of the Dallas Cowboys talks with the media during a press conference at the Ford Center at The Star on January 08, 2020 in Frisco, Texas. (Photo by Tom Pennington/Getty Images)
Billionaire businessman Jerry Jones is the undisputed owner of the Dallas Cowboys franchise. Hailing from the world’s richest league, the team is more valuable than any other sporting franchise on the planet. The owner has spoken over a possible sale in the future.
ADVERTISEMENT
Article continues below this ad
Recently, the Dallas Cowboys have been valued at over $8 Billion. The team has seen unprecedented growth in terms of value and popularity all over the globe. Even though the value of the team is going to blind any who stares at such gold. For Jones, even that amount won’t be close to convincing him to sell the club. Talking to Yahoo Finance, he said, “I wouldn’t sell the Cowboys for $10 [billion].”
Jerry Jones will not sell the team anytime soon
Earlier this year, the Denver Broncos became the subject of the highest bid for any sports team. Former chairperson and heir to Walmart bought the team for $4.65 billion. This purchase and sale agreement created history with the numbers involved. Just months after the sale, the owner of America’s Team has shut down any talks of being reeled into a sale.
Last season the NFL’s national revenue–from media, sponsorships, and other royalties–topped $11 billion for the first time ever.
And that’s before the NFL’s new $105 billion worth of new broadcast deals kick in next season. pic.twitter.com/igFQbTe1dz
— Sportico (@Sportico) September 23, 2022
Jerry Jones understands the reason behind the rising valuation of the teams. Crediting the league and its ability to generate more and more quality for the viewers. The NFL has been able to keep raising its broadcast revenue over the years. As reported by Forbes they will be generating over $113 billion over 11 years.
The exponential rise in value
Jones bought the Dallas Cowboys back in 1989, for $150 million. In comparison, it might seem nothing now. But at that time, even this deal was a record deal. However, reaching such economic milestones was never the owner’s goal. All he wanted to do at the start was to coach football.
ADVERTISEMENT
Article continues below this ad
via Getty
ARLINGTON, TX – NOVEMBER 30: Owner Jerry Jones of the Dallas Cowboys walks on the field before the game against the Washington Redskins at AT&T Stadium on November 30, 2017 in Arlington, Texas. (Photo by Wesley Hitt/Getty Images)
The Cowboys are valued at $8 billion according to a report by Forbes. In the same report, 6 of the teams in the top 10 come from the NFL. And 10 are already more valuable than the Broncos. Interestingly, all the top ten teams are playing in either NFL, MLB, or the NBA.
ADVERTISEMENT
Article continues below this ad
Jerry Jones may actually be wise to hold on to the most valuable franchise in the richest sporting league on the planet. The businessman, even though unexpected by his own admission, has seemingly struck gold in 1989.
Watch this story: Jerry Jones Faces backlash for getting back as much as rivals Philadelphia Eagles for a better outgoing WR
