08-05-2021, 10:24 PM
I just wanted to point out that real estate holdings certainly play a factor in this. Hamilton County owns PBS, and obviously the Bengals don't have an indoor facility. This hurts their valuation. Their worth is directly tied to the team itself, and more specifically, membership into the NFL.
Now, if they did a better job getting people into their stadium, if they did a better job selling merchandise, and if they owned, let's say, a 100 million dollar practice facility, these numbers would be much higher.
Don't let their lower valuation fool you into believing that's a reflection of the market size alone. If you look at the Steelers, who do everything the right way and hold some actual real estate, they're middle of the pack. So is Green Bay. And the Chiefs aren't so far behind either. The Bengals being near the bottom of the league in value is self inflicted. Whomever were to buy them gets virtually nothing but entry into the league.
Now, if they did a better job getting people into their stadium, if they did a better job selling merchandise, and if they owned, let's say, a 100 million dollar practice facility, these numbers would be much higher.
Don't let their lower valuation fool you into believing that's a reflection of the market size alone. If you look at the Steelers, who do everything the right way and hold some actual real estate, they're middle of the pack. So is Green Bay. And the Chiefs aren't so far behind either. The Bengals being near the bottom of the league in value is self inflicted. Whomever were to buy them gets virtually nothing but entry into the league.
