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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.

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Comments

Don Bauder July 16, 2012 @ 7:44 p.m.

OOPS, OOPS. The Chargers pay $2.5 million a year in rent. It came out 42.5 million because the $ sign is right above the 4 on the keyboard, and my fingers aren't so nimble anymore. Mea culpa. Best, Don Bauder

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Visduh July 16, 2012 @ 7:44 p.m.

My first conclusion is that the Brits are nuttier than we are. But I already knew that. It tells all readers far more than they wanted to know about the NFL. It tells all readers just how much in resources are diverted into that non-productive excuse for entertainment. It would be most revealing to know just how much the value of the Chargers would decline for every dollar of public funds each year, if it were possible to hold them back. The fact that all the NFL franchises are on the top-50 list says many things we didn't want or care to know.

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Don Bauder July 16, 2012 @ 10:39 p.m.

Generally speaking, the teams that wangle the most bucks from their taxpayers wind up with the greatest valuation. Every cent stolen from taxpayers is a penny that doesn't have to be taken out of the company. Best, Don Bauder

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SurfPuppy619 July 17, 2012 @ 1:10 a.m.

OK, now add in the money the Chargers made off the other revenue enhancers and what was their rent?? We're probably PAYING THEM to play there.............

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Don Bauder July 17, 2012 @ 7:11 a.m.

The Chargers's cheap rent is a disgrace. I am sure you remember: the 60,000 seat guarantee was a disaster. People were irate. So not long before the guarantee was about to run out, former Mayor Dick Murphy made the deal that sliced rent severely in return for the end of the guarantee.The city lost millions. It was another case of the city getting snookered by smart lawyers. The Chargers have a fantastic deal at Qualcomm. Now they want to fleece the city even more with a billion dollar+plus subsidized downtown stadium. Best, Don Bauder

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