How Big Money Moves in the World of Sports

Sports is big business. To make the list of top sports empires, you need to:

• Own at least one team worth over a billion dollars
• Have other sports investments worth at least half a billion dollars

This means only the biggest players in the game get a spot.

Valuation Criteria

• Only sports-related assets count.
• Example: AEG's value is based on its sports assets, not its music or hotels.
• Keeps things fair and focused.

Calculating Total Value

• Not just about adding up the value of each team.
• Uses a special number, called a multiple.
• Ranges from 1.1 to 1.4.
• Depends on what teams and properties are owned.
• Sometimes adjusted based on recent deals.
• Example: When part of the San Francisco 49ers was sold.

Sources of Valuation

• Major leagues (NFL, NBA, MLB, NHL, soccer):
• Valuations come from official rankings.
• Other sports:
• Information comes from owners, executives, sports bankers, and public records.
• If information can't be verified:
• Estimates are made based on similar deals.
• Ensures valuations are as accurate as possible.