Forbes Ranks Steelers 14th On 2012 NFL Most Valuable Team List
With the kickoff of the 2012 NFL season now just hours away, Forbes Magazine released their 2012 NFL’s Most Valuable Teams list on Wednesday which ranks the Pittsburgh Steelers 14th overall with a value of $1.1 billion.
The magazine states that the Steelers had a slight loss this past year in value thanks to higher player costs, including benefits, that were league-high $172 million last year.
Also noted in the article was that the revenue this past year for the Steelers was $266 million and their debt ratio being only 18%.
In the profile for the team, the magazine makes note that the Steelers signed an exclusive multi-year sponsorship with PepsiCo that took effect in July.
The rankings are led this year by the Dallas Cowboys, who are now worth $2.1 billion, which is more than any sports team on the planet, save Manchester United, according to the article.
Rounding out the top 10 list are the New England Patriots, Washington Redskins, New York Giants, Houston Texans, New York Jets, Philadelphia Eagles, Chicago Bears, San Francisco 49ers and the Green Bay Packers.
In closing, I would say that Art Rooney Sr. made a pretty solid investment back in 1933 in paying only $2,500 for the team.