New York remains one of the largest and most profitable markets in the entire world. So, it comes as no surprise that the Jets are one of the highest-valued franchises in all of sports.
On Monday, Forbes released its annual list highlighting the world’s 50 most valuable teams. Despite three-straight, last-place finishes in the AFC East, Gang Green landed a more than respectable rank.
The Jets edged out the likes of the Philadelphia Eagles, Boston Celtics and Houston Texans, securing the 21st spot on the list. Forbes has the franchise valued at $2.85 billion, a 4-percent increase from last year. In operating income alone, New York and owner Woody Johnson reeled in $130 million.
For comparison, the New York Giants tied for 10th on the list with a $3.3 billion valuation and an operating income of $149 million.
So, should the Big Apple be credited for the Jets’ valuation? How about Johnson’s efforts as the owner? Let’s not jump to conclusions. Forbes goes to great lengths to demonstrate how disproportionate the NFL is to the rest of the leagues whose teams are on this list. In fact, over half the list is comprised of NFL franchises thanks in large part to massive television deals.
Regardless of where the money comes from, the Jets have been recognized as one of the most valuable franchises in all of sports. Now, the next step is to turn their profits into wins on the field.
