Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Editorial

Editorial Evolving financial issues in the sporting industry Introduction In recent years, the landscape of sport finance has changed rapidly and in often unpredictable directions. The explosion of fantasy sports, liberalization of sports betting laws in the United States and introduction of non-fungible tokens (NFTs) related to such assets as sports-related tweets and match highlights have each created derivative sources of value within the industry. Much of this value has been created through innovations, such as those listed previously, that allow fans and investors to “get in the game” as never before. At the same time, sports broadcasting rights, sponsorships and naming rights are routinely selling for record amounts (see, e.g. Kariyawasam and Tsai, 2017; Keating, 2018), and North American sport franchise valuations have also maintained a high growth rate (DeSantis, 2018). The rise and shift of top sport franchise valuations In 2020, Forbes Magazine estimated the average value of an NFL team to be $2.86bn, and NBA teams averaged $2.123bn. Over the past decade, we have observed aggressive annual growth in the world’s highest valuation sports franchise. Table 1 shows steady growth in the world’s highest valuation sports franchise during the past decade. During that period, the top franchise http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Managerial Finance Emerald Publishing

Loading next page...
 
/lp/emerald-publishing/editorial-rwyCGdhka0

References (13)

Publisher
Emerald Publishing
Copyright
© Emerald Publishing Limited
ISSN
0307-4358
DOI
10.1108/mf-06-2021-643
Publisher site
See Article on Publisher Site

Abstract

Evolving financial issues in the sporting industry Introduction In recent years, the landscape of sport finance has changed rapidly and in often unpredictable directions. The explosion of fantasy sports, liberalization of sports betting laws in the United States and introduction of non-fungible tokens (NFTs) related to such assets as sports-related tweets and match highlights have each created derivative sources of value within the industry. Much of this value has been created through innovations, such as those listed previously, that allow fans and investors to “get in the game” as never before. At the same time, sports broadcasting rights, sponsorships and naming rights are routinely selling for record amounts (see, e.g. Kariyawasam and Tsai, 2017; Keating, 2018), and North American sport franchise valuations have also maintained a high growth rate (DeSantis, 2018). The rise and shift of top sport franchise valuations In 2020, Forbes Magazine estimated the average value of an NFL team to be $2.86bn, and NBA teams averaged $2.123bn. Over the past decade, we have observed aggressive annual growth in the world’s highest valuation sports franchise. Table 1 shows steady growth in the world’s highest valuation sports franchise during the past decade. During that period, the top franchise

Journal

Managerial FinanceEmerald Publishing

Published: Jun 3, 2021

There are no references for this article.