:no_upscale()/cloudfront-us-east-1.images.arcpublishing.com/dmn/GBYESVN3XNF7JJ4ZO4FF5BITPQ.jpg?w=1068&resize=1068,0&ssl=1 "Does Broncos $4.65 billion price tag prove Jerry Jones was right about Cowboys value?")
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Remember when Jerry Jones informed NBC’s Peter King final month that he might promote the Cowboys for “more than $10 billion?”
If the reported price tag for the Denver Broncos is any indication, the Cowboys proprietor won’t be too far off.
On Tuesday evening, the Denver Broncos introduced they reached a sale settlement with the Walton-Penner household possession group, reportedly for $4.65 billion.
And the Broncos reportedly might have offered for a better price.
Philadelphia 76ers co-owner Josh Harris made it clear that his group would pay $5 billion, if he knew that price would get the deal completed, Pro Football Talk studies. However, Harris was not on condition that assurance.
Over the final a number of years, the valuations of NFL groups proceed to skyrocket.
In Forbes’ 2021 valuation of NFL groups, the Broncos got here in tenth at $3.75 billion. The Cowboys, also called America’s Team, got here in first at $6.5 billion.
Six NFL groups have modified fingers previously 14 years with some hefty price tags: Miami ($1.1 billion, 2008), the LA Rams ($750 million, 2010), Jacksonville ($770 million, 2012), Cleveland ($1 billion, 2012), Buffalo ($1.4 billion, 2014), Carolina ($2.275 billion, 2018).
But with the ever-rising media rights offers, and mega-contracts getting dished out to analysts, not to mention total groups, Jones solely sees the worth of the league going up. Based on the Broncos’ sale, he was clearly right.
“Add in the Amazon [streaming] deal, the potential with some of the new technology,” Jones stated. “The NFL, in my mind, the visibility, the volume, the overall passion, you frankly can’t get it anywhere else. That’s why all these people want a piece of it.”
Could Jones pocked greater than $10 billion if he have been to promote the Cowboys at the moment? Quite presumably, however the 79-year-old has no intention of promoting the Cowboys.
“But let me make this very clear,” Jones stated. “I’ll say it definitively. I will never do it. I will never sell the Cowboys. Ever.”
Find extra Cowboys protection from The Dallas Morning News right here.