RESOLVING THE LEDGER
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See the full story · 1 sourcesIt seems like everything in today’s world has a price tag, but college football programs don’t fit into that idea. The sale of sports teams are some of the biggest transactions in the world, with franchises often being sold for billions of dollars. With as big of an industry as college football is, there’s no question some programs would be fetching similar amounts in a hypothetical deal.
Penn State is one of the oldest and most storied teams in the sport, with a 139-year history that includes 34 Bowl Game wins and two national championships. There are some programs out there who have had more success, but very few are more renowned. Matt Baker of The Athletic recently calculated a hypothetical valuation for college football teams , and the Nittany Lions were one of the most valuable, with Baker estimating them to be worth $1.4 billion.
They came in at No. 10 on the list, with only three other Big Ten schools — USC , Michigan , and Ohio State — listed ahead of them. This is an improvement for Penn State, as they were ranked at No. 11 last year and valued at $1.2 billion. With Beaver Stadium in the middle of a renovation and the team in the middle of a transition year, it will be interesting to see if this number rises or falls next year.
The article points out that the $1.4 billion valuation is about as much as the least-expensive MLB team, the Miami Marlins . This might not seem significant, but Texas , which is the most-valuable school on the list, is valued at $2.4 billion, so the Nittany Lions aren’t being significantly outclassed in that department when you consider the exorbitant numbers that professional teams can go for.
Of course, Penn State fans don’t have to worry about this whatsoever because the program cannot be sold. But it’s interesting to know that the team is one of the most expensive in college football.
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This article originally appeared on Nittany Lions Wire: How much would Penn State football be sold for?
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