Franchise Industry News

Why 2023 could be another 'milestone year' for sports franchise sales

01-08-2023 by Sarah Petersen
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While major stock market indices just posted their worst years since 2008, major sports leagues like the NBA and the NFL reported record years of revenue and their highest-valued franchise sales ever in 2022.According to one industry expert, those sales likely aren't slowing down any time soon.'I do think if some of those teams [for sale] trade, we will see another milestone year,' Bill Mulvihill, head of U.S. Bank Sports and Entertainment Group, told Yahoo Finance. 'I don't have any reason to believe we're going to see a pullback in valuations....