Pricey NFL, NBA ownership stakes are pushing investors to smaller leagues and driving valuations higher
Priced out of the NBA and NFL, investors are asking bankers about opportunities to buy minority stakes in teams with lower valuations.
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The average value of an NBA team is now $5.52 billion, 18% higher than a year ago. Fifteen years ago, the average NBA team was worth $369 million. That's an increase of 1,396%. The S&P 500 is up about 422% over the same time period. NBA and NFL ownership stakes are becoming too pricey for a class of buyers who have active interest in being a sports team owner — even at the minority stake level. Former New York Giants quarterback Eli Manning said as much in an interview with CNBC Sport last year."It's too expensive for me," Manning said of a potential minority stake in his longtime team.
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