The Miami Dolphins jumped from #33 to #25 this year on the Forbes list of the world’s most valuable sports franchises. The Miami Dolphins owner Stephen Ross has been making upgrades to Hard Rock Stadium in the past few years, and it looks like they’re paying off.
The Dolphins are worth $2.38 billion this year, according to Forbes, which is up 28 percent from last year when they were said to be worth $1.85 billion. They are ranked above five other NFL teams (Green Bay Packers, Baltimore Ravens, Pittsburgh Steelers, Seattle Seahawks and Minnesota Vikings).
For the second year in a row, the Dallas Cowboys (valued at $4.2 billion) took the #1 spot in the rankings. They were followed by the New York Yankees and then three soccer clubs: Manchester United, Barcelona and Real Madrid.
The rest of the top 10 includes the New England Patriots, New York Knicks, New York Giants, San Francisco 49ers and Los Angeles Lakers. Overall, there were 29 NFL teams that made the top-50 list. The Cincinnati Bengals, Detroit Lions, and the Buffalo Bills were the only ones that did not make the final cut.
The rankings are decided by Forbes valuations over the past year for every NFL, NHL, NBA, MLB, Formula One, soccer and NASCAR team (though no NHL, Formula One or NASCAR teams made the top 50 this year). The average value of the current most valuable teams is $2.5 billion, an increase over last year’s average of $2.2 billion.
The list’s cutoff this year was set at $1.75 billion, up 18 percent from 2016. According to Forbes, there were 36 franchises that were worth at least $1 billion that did not make it into the top 50. The rising franchise values were credited to TV contracts and labor deals with players.