Liberty Media Still Leads the Pack as Most Valuable Sports Empire
Liberty Media’s Reign Continues with a Valuation of $18.22 Billion
In the realm of sports empires, Liberty Media, the parent company of Formula One, remains the undisputed champion, according to Forbes’ 2024 list of the world’s most valuable sports empires. Liberty Media maintains its position at the pinnacle, with a valuation of $18.22 billion, although it did experience a 12% valuation decrease compared to the previous year.
Kroenke Sports & Entertainment and Fenway Sports Group Follow Closely
Trailing Liberty Media in second place is Kroenke Sports & Entertainment, boasting a valuation of $15.59 billion, while Fenway Sports Group (FSG), the owner of the renowned Boston Red Sox, ascends to third place with a valuation of $12.95 billion. Rounding out the top five are Dallas Cowboys owner Jerry Jones, whose empire commands a value of $12.8 billion, and Harris Blitzer Sports & Entertainment, valued at $11.86 billion.
Overall Growth in Sports Empires’ Value
The aggregate enterprise value of the top 25 sports empires worldwide amounted to $216 billion, reflecting an impressive 24% increase from the previous year, underscoring the resilience and growth potential of the sports industry.
Significant Moves and Developments in the Sports Landscape
The past year has witnessed notable developments and shifts in the sports landscape. Harris Blitzer Sports & Entertainment (HBSE) experienced a remarkable 155% increase in its value, primarily attributed to Harris’ acquisition of the Washington Commanders for $6.05 billion. In Canada, Maple Leaf Sports and Entertainment (MLSE), the owner of the Toronto Maple Leafs and Toronto Raptors, sold a stake to pension plan Omers, resulting in an organization valuation of over $8 billion. Additionally, Monumental Sports & Entertainment, the owner of several Washington DC-based sports teams, sold a 5% minority stake to the Qatar Investment Authority (QIA), with the company valued at $4.05 billion.
Potential Future Value Increases
Looking ahead, certain sports empires are poised for potential value increases. Miami Dolphins owner Stephen Ross is reportedly in talks to sell a minority stake in the NFL franchise and in Formula One’s Miami Grand Prix, which could lead to a significant boost in his empire’s valuation.
Conclusion
Liberty Media’s continued dominance as the world’s most valuable sports empire is a testament to the enduring appeal and financial success of Formula One. The overall growth in the value of sports empires highlights the industry’s resilience and potential for further expansion. As the sports landscape evolves with strategic acquisitions, investments, and partnerships, it will be intriguing to witness the shifting landscape of sports empires in the years to come.