The Business of Football

The National Football League (NFL) is the most valuable and profitable team sport in the world. This year the average team is worth $733 million, a 17% increase over last year. In other words, even crappy teams, like the Cleveland Browns, are making money! Operating income (earnings before interest, taxes, depreciation and amortization) for the 32 teams came in at $851 million on revenue of $5.3 billion, an operating margin of 16%.

This almost makes you wonder how much all the public subsidies given to NFL teams have contributed to their handsome profits.

Read more here.