IMPERIAL PLAYERS
Today’s “sports empires”—ownership conglomerates with stakes in top teams, stadiums, collectibles and TV networks—are more valuable than ever. Top of the heap is Colorado’s Liberty Media, whose enterprise value jumped 32% from last year, driven primarily by big gains in revenue and operating income from the World Series–winning Atlanta Braves and F1. It also has minority stakes in the Kroenke Arena Company and assorted auto-racing leagues and teams.
1. Liberty Media • $17.2 bil
Key properties: Atlanta Braves, Formula 1
2. Kroenke Sports & Entertainment • $10.5 bil
Los Angeles Rams, Colorado Avalanche, Denver Nuggets, Arsenal FC
3. Fenway Sports Group • $9.8 bil
Boston Red Sox, Liverpool FC, New England Sports Network, Pittsburgh Penguins
4. Jerry Jones • $8.9 bil
Dallas Cowboys, Complexity Gaming
5. Madison Square Garden Sports • $7.8 bil
New York Knicks, New York Rangers, Counter Logic Gaming