3 p.m., April 29
The San Diego Chargers are the 33rd most valuable sports franchise, according to the latest compilation by Forbes.com. The team is worth $920 million, says the publication. "The Chargers have been trying in vain to get a taxpayer-funded stadium built in downtown San Diego," says Forbes. The team has a favorable deal at Qualcomm Stadium, paying only $2.5 million a year in rent and retaining all revenues from skyboxes, advertising, parking, tickets and concessions, notes Forbes. There have been six TV blackouts over the past two seasons but the team refused to lower the threshold for blackouts to 85% of tickets sold for the 2012 season.
The two most valuable teams are soccer franchises: Manchester United ($2.23 billion) and Real Madrid ($1.88 billion). Following those two are the New York Yankees and Dallas Cowboys at $1.85 billion. All National Football League teams made the list of the richest 50 franchises.