Thursday December 7, 2023

Liberty Media Is World’s Largest Sports Empire

  • Liberty Media is the largest sports empire, per Forbes.
  • At $17.2 billion, the group is far larger than the next highest.
Dale Zanine-USA TODAY Sports/Design: Alex Brooks
Copy Link
Link Copied
Link Copied

Sports empires are growing as team valuations rise and owners seek more expansive portfolios.

The top 20 empires had a total value of $124 billion, per Forbes’ recent tabulation, up 22% from last year’s $102 billion.

The rise was driven by the NFL’s $113 billion set of media deals as well as the NHL’s seven-year pacts with Disney and Turner Sports, collectively worth around $600 million annually.

  • Liberty Media led the pack with its $17.2 billion group, which includes the Atlanta Braves, Formula 1, and stakes in Kroenke Arena Company, Drone Racing League, and Meyer Shank Racing.
  • Kroenke Sports & Entertainment was a distant second at $10.5 billion. That empire includes the Los Angeles Rams, Arsenal FC, and a slew of Colorado teams: the Denver Nuggets, and the Colorado Avalanche, Rapids, and Mammoth.
  • Fenway Sports Group vaulted to third at $9.8 billion with its $900 million purchase of the Pittsburgh Penguins. The group also owns the Boston Red Sox, Liverpool FC, Roush Fenway Keselowski Racing, and broadcast company NESN.

Teams Teaming Up

While many in the top 25 empires only own one or two teams, there is a growing trend toward multi-team groups, particularly as American investors eye soccer teams both at home and overseas.

This week, Major League Soccer reportedly entered exclusive negotiations with Aston Villa co-owners Wes Edens and Naseef Sawiris to bring a team to Las Vegas. Edens is also co-owner of the Milwaukee Bucks.

The Wilf Family, owners of the Minnesota Vikings, purchased Orlando City SC and the Orlando Pride last July.

Copy Link
Link Copied
Link Copied

What to Read

NBA in Vegas? LeBron and RedBird Are All In

RedBird Capital Partners, Fenway Sports Group working with NBA superstar.
The College Football Playoff is considering rotating TV networks for the national championship game.

CFP Considers Super Bowl-Like Rotation For National Championship Game

Multiple networks could share rights to the championship game, sources told FOS.
podcast thumbnail mobile
Front Office Sports Today

Why the NBA May Have Made Billions With Midseason Tournament


Featured Today

Lane Kiffin

Ole Miss, Lane Kiffin Lawyers Argue for Dismissal of Player Lawsuit

FOS obtained audio of Lane Kiffin's interaction with the player behind lawsuit.
LSU Lady Tigers head coach Kim Mulkey reacts against the Iowa Hawkeyes during the NCAA Womens Basketball Final Four National Championship at American Airlines Center.
November 6, 2023

Who Is The Highest-Paid Women’s College Basketball Coach?

LSU rewarded Kim Mulkey after winning a national title after her second year leading the program.
The Pac-12’s Collapse Will Have Ripple Effects on College Basketball.
November 6, 2023

The Pac-12’s Collapse Will Have Ripple Effects on College Basketball

The existing Pac-12 host a college basketball season for the last time.
Favre Presley
November 3, 2023

Brett Favre Controversy Casts Shadow Over Mississippi Gubernatorial Race

Candidate Brandon Presley has made the scandal one of his talking points.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Multiple Locations
Multiple Locations
Creative Artists Agency
Multiple Locations
The swoosh logo at Nike Eugene.

Nike Misses Revenue Wall Street’s Projections, But Company’s Stock Soar

The company offset the shortfall by exceeding expectations in earnings per share.
June 30, 2023

Nike To Revive Kobe Signature Shoe Line

Late HOFer will again be the center of a signature shoe line.
The PGA Tour and PIF have a self-imposed Dec. 31 deadline to finalize their golf merger.
August 7, 2023

Saudi Arabia’s PIF Aims Higher With Launch of Sports-Focused Investment Company

The PIF has launched a new company, SRJ Sports Investments.

NHL’s Chris Foster on Amplifying Content Distribution With Automation

Learn how the NHL is using WSC Sports to increase fan engagement.
At Dick's Sporting Goods in Fairless Hills, Store Administrative Assistant Christine Vandfermay, of Philadelphia, restocks some Philadelphia Eagles items.
May 23, 2023

Dick’s Sporting Goods Sees Modest Growth, Less Foot Traffic

Dick's Sporting Goods saw a 5.3% increase in net sales in Q1.
Hellen Obiri of Kenya crosses the finish line to win the women's division at the 2023 Boston Marathon.
May 16, 2023

On Wants More Star Power, Visibility for Next Growth Phase

On is looking to grow through tennis and other verticals.
May 11, 2023

Topgolf Callaway Lowers Sales Expectations

Callaway cut its profit forecast for this year.
May 10, 2023

Endeavor Posts Record Quarter Amid UFC-WWE Merger Plans

Endeavor bought WWE in April, it also sold its IMG for $1.25B.