According to someone with knowledge of the information who was not authorized to speak formally, the Tampa Bay Buccaneers just rejected a proposal to get the company for a bite over the$ 6.05 billion that a team led by Josh Harris paid for the Washington Commanders next month. If approved, it would have established a history for the purchase of a sports staff and a world record for the purchase of an NFL group.
The attention to get the two-time Super Bowl champions from the Glazer family came from one deemed a “qualified customer” in NFL jargon, i. e., they may write the test. Sportico was n’t able to identify the potential buyer. The Raiders did not respond to comments that had been requested.
In 1995, Glazer family father Malcolm bought the Bucs for a then-record$ 192 million, and his children only concluded a 15-month approach to request” proper alternatives” for its Premier League club Manchester United. The family used The Raine Group to help broker a deal for Man United that resulted in Jim Ratcliffe paying £1.3 billion ( at the time ) for 25 % of the team.
The Glazer family and the Bucs discussed the franchise’s business, including its financial results, after receiving the proposal for the Bucs. The Bucs ‘ revenue ranks in the second quartile of NFL teams, and it generated more than$ 130 million in earnings before interest, taxes, depreciation and amortization last season.
Sportico valued the Buccaneers at$ 5.5 billion —ranked 16th overall—in its 2024 NFL team valuations.
The average NFL franchise is worth$ 5.93 billion, a number boosted by the scarcity value. There are only 32 teams in the league, and they rarely sell, with only four control transactions in the past 12 years. 41 years is the typical NFL ownership tenure.
The Bucs have resurrected following a string of non-sellout and local TV blackouts to sell out season tickets in 2024 and the next four years. Tom Brady’s arrival in 2020 and a Super Bowl title won that year helped the turnaround.
Tampa Bay’s overall value increased by 139 % since Sportico’s initial NFL team valuations in 2020.
Brady was not the only newcomer in 2020; since COVID-19, the entire state of Florida has welcomed an influx of new residents and businesses, which were primarily drawn by the state’s climate and lack of state income taxes. Among those new arrivals are two of the world’s wealthiest people in Jeff Bezos and Ken Griffin, who are worth$ 190 billion and$ 42 billion, according to Bloomberg. Other new Sunshine State residents include “regular” 10-digit billionaires, such as venture capitalist Peter Thiel, hedge funder Daniel Och and investor Carl Icahn.
Bankers claim that all the billionaires who own homes in the state helped raise the values of many of Florida’s franchises. The Miami Dolphins were in second place at 29 %, while the Bucs had the biggest year-over-year value increase, at 33 %.
The Dolphins are enquiring about selling a limited partnership stake in the team, Hard Rock Stadium, and the Formula 1 Miami Grand Prix, which it has the rights to run under a 15-year contract with F1. The Dolphins ‘ investors included Griffin in the conversations they had. Sportico valued the Dolphins at$ 6.76 billion, including its related business and real estate.
Miami ranked as the seventh most valuable NFL franchise overall, sandwiched between the New York Jets ($ 6.8 billion ) and Philadelphia Eagles ($ 6.75 billion ).
( The eighth paragraph of this article has the correct percentage updated for the Bucs. )