Though they are two completely different teams out on the field, the New York Jets and the New York Giants have a few things in common. They share a state, a brand new stadium, and on Wednesday, both teams were named to Forbes Magazine's Most Valuable Sports Franchise list.
There are several factors that Forbes takes into account when creating the list, as value goes much further than just ticket sales these days. Stadium value is taken into account, in addition to sponsorships and sports network coverage on both the national and regional level. Even reality television appearances (here's looking at you, Chad Ochocinco) add to a team's value.
The Giants were ranked two spots ahead of their Meadowlands counterpart, landing in the seventh spot with a $1.18 million value. The G-Men collect $230 million per year in revenues and recently sold the naming rights to their practice facility for $35 million over a 15-year span.
The Jets just cracked the billion-dollar mark this year and are listed ninth in the rankings with a $1.17 billion value. The team has more than doubled its value in the past decade, as team owner Woody Johnson purchased the team for $635 million back in 2000. The Jets are right on the Giants' heels when it comes to annual revenues, as they rake in $227 million per year.
The Giants and the Jets are the third and fourth NFL teams to land amongst the top 10, as the Dallas Cowboys, Washington Redskins and New England Patriots are ranked in second, fourth and fifth place, respectively.
Here is the full top 10 listing from Forbes.
1. Manchester United (EPL) — $1.83 billion
2. Dallas Cowboys (NFL) — $1.65 billion
3. New York Yankees (MLB) – $1.6 billion
4. Washington Redskins (NFL) — $1.55 billion
5. New England Patriots (NFL) — $1.36 billion
6. Real Madrid (La Liga) — $1.32 billion
7. New York Giants (NFL) — $1.18 billion
8. Arsenal (EPL) — $1.18 billion
9. New York Jets (NFL) — $1.17 billion
10. Houston Texans (NFL) — $1.15 billion