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Most Americans seem to choose pro football when it comes to their preferred sport. The NFL has a long history of being among the most successful major American sports.
The NFL separates its revenue streams into regional and national groups. Most of the teams' revenues are generated from national licenses and commercial TV contracts, which are negotiated by the league. Irrespective of how well each team perform individually, the 32 teams receive an equal portion of this money.
TV revenue is where NFL team owners make the most money. With Fox, CBS, ESPN and NBC, the league negotiates multibillion-dollar agreements. TV generates more than half of the NFL's revenue.
The owners make money locally via concession revenues, ticket sales and sponsorship deals. To pay for the high running costs of keeping a professional football team, greater earnings are necessary.
For instance, the Green Bay Packers spent $410 million during the fiscal year 2021. Most of that went to player salaries, with the remainder going to team and administrative costs, facility upkeep and marketing.
What do NFL owners do?
NFL owners typically participate in strategic implementation to move their team forward. They have the power to modify team setup, add and remove personnel, and add members.
The owner, not the typical frontline manager, is solely responsible for decisions regarding the construction of stadium or relocation to a new area. Some owners also own their stadium, which they use to generate revenue for concerts and other occasions.
Who is the richest owner in sports?
Forbes claims that Steve Ballmer, owner of the Los Angeles Clippers, is the wealthiest sports team owner, with an estimated net worth of $83 billion.
The Denver Broncos' most recent owner, Rob Walton, came in at number two with an approximate worth of $56.7 billion. The sale of the Broncos for $4.65 billion was the most expensive in sports team history. When the purchase was finalized in August, Walton was the NFL's richest owner.
According to Forbes, the top five NFL team owners in terms of net worth are listed below.
1. Rob Walton, Denver Broncos - $56.7 billion
2. David Tepper, Carolina Panthers - $18.5 billion
3. Jerry Jones, Dallas Cowboys - $16 billion
4. Stanley Kroenke, Los Angeles Rams - $12.9 billion
5. Shahid Khan, Jacksonville Jaguars - $11.7 billion
