Sunday December 3, 2023

Braves, F1 Owner Tops Forbes’ Most Valuable Sports Empires

  • Liberty Media has an enterprise value of $20.8 billion, according to Forbes.
  • Kroenke Sports & Entertainment is the second most valuable sports empire.
Jerome Miron-USA TODAY Sports
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Liberty Media is the most valuable sports empire in the world, according to Forbes’ 2023 list.

The owner of Formula 1 and the Atlanta Braves, Liberty Media also has stakes in Drone Racing League, Kroenke Arena Co., Meyer Shank Racing, and Overtime Sports, totaling an enterprise value of $20.8 billion. F1’s enterprise value sits at $17.1 billion, while the Braves’ sits at $2.1 billion. 

After Liberty Media, there’s a significant drop in value. 

  • Kroenke Sports & Entertainment, which owns the Los Angeles Rams, Colorado Avalanche, Denver Nuggets, Arsenal, The Guard, Colorado Rapids, Colorado Mammoth, and Altitude Sports and Entertainment, is valued at $12.75 billion.
  • Dallas Cowboys owner Jerry Jones sits at third with an enterprise value of $11.32 billion. The Cowboys are worth a world-record $8 billion, per Forbes.
  • Boston Red Sox, Liverpool FC, and Pittsburgh Penguins owner Fenway Sports Group takes fourth with an enterprise value of $10.4 billion. 
  • New York Knicks and Rangers owner Madison Square Garden Sports rounds out the top five with an enterprise value of $9.17 billion.

The Kraft Group, Yankee Global Enterprises, the Glazer family, Paul G. Allen Trust, and Maple Leaf Sports & Entertainment close out the top 10.

At the bottom of the list sits RedBird Capital Partners, which has an enterprise value of $3.6 billion.

Team Totals

The 25 most valuable sports empires are worth $173 billion altogether, according to Forbes, which added a new 10% premium to the total value to “account for the scalability.” 

Without the premium, the aggregate value still increased 12% year-over-year from $158 billion.

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