Liberty Media remains the most valuable Sports Empire in the world in 2024

Owning a sports team was long the goal of the ultra-wealthy, but expanding it into an empire – with multiple teams in multiple leagues – is a winning strategy for creating generational wealth. Having a portfolio of teams allows the owner to cross-sell sponsorships, develop mixed-use real estate, and expand into new distribution channels more easily. A sports emporium can also relieve pressure on a single team, acting as a hedge for the rebuilding years.

The list of the “Most Valuable Sports Empires in the World in 2024” is led by Liberty Media, the group that owns Formula 1, and Kroenke Sports & Entertainment, owner of Arsenal, Los Angeles Rams, Denver Nuggetsamong other teams.

According to the list of Forbes, business value Together, the 25 most valuable sports empires exceed US$215 billion. and this figure represents an increase of 24% compared to the previous year. According to the makers of the classification, the main reason for the increase is that the values ​​of the teams in the American leagues – MLB, NBA, NFL and NHL – increased their value by almost 30% in the last 12 months.

The added value of the shares of liberty in its sports assets fell 12%, up to US$18,220 million, but it is still at the top of our list. Liberty’s value decreased last year because it was divested from the Atlanta Braves in July (current company value: $2.6 billion).

The biggest winner on this year’s empire list is Harris Blitzer Sports & Entertainment, up 155% from last year to $11.9 billion, thanks primarily to Josh Harris’ purchase of the Washington Commanders in July passed for a record of US$6,050 million. HBSE now effectively manages a group of assets that includes many of the world’s most popular sports: NFL (Commanders), NBA (Philadelphia 76ers), NHL (New Jersey Devils), English Premier League (Crystal Palace), Nascar (Joe Gibbs Racing ) and youth sports (Baseball).

The ten most valuable sports empires in 2024 with their owners are:

1) Liberty Media

Worth: US$18.22 billion | Change from the previous year: -12%

Properties: Formula 1, Overtime Sports, F1 Arcade, Drone Racing League, Kroenke Arena Co., Meyer Shank Racing

2) Kroenke Sports & Entertainment

Worth: US$15.59 billion | Change from previous year: 22%

Properties: Los Angeles Rams, Denver Nuggets, Arsenal FC, Colorado Avalanche, Colorado Rapids, Altitude Sports & Entertainment, Colorado Mammoth

3) Fenway Sports Group

Worth: US$12.95 billion | Change from the previous year: 25%

Properties: Liverpool FC, Boston Red Sox, Pittsburgh Penguins, NESN, Real Estate, Roush Fenway Keselowski Racing, Fenway Sports Management

4) Jerry Jones

Worth: US$12.80 billion | Change from previous year: 13%

Properties: Dallas Cowboys, The Star, Legends, GameSquare Esports

5) Harris Blitzer Sports & Entertainment

Worth: US$11.86 billion | Change from the previous year: 155%

Properties: Philadelphia 76ers, Washington Commanders, New Jersey Devils, Joe Gibbs Racing, Youth Sports, HBSE Ventures, Utica Comets, Crystal Palace, Elevate Sports Ventures, New Meta Entertainment.

6) Madison Square Garden Sports

Worth: u$s 10,250 million dollars | 1 year change: 12%

Properties: New York Knicks, New York Rangers, Hartford Wolf Pack, NRG*

7) The Kraft Group

Worth: US$9.13 billion dollars | 1 year change: 15%

Properties: New England Patriots, New England Revolution, Patriot Place, Kraft Analytics Group, TKO Holdings*, DraftKings*, Oxygen Esports*

8) Yankee Global Enterprises

Worth: US$ 9,070 million dollars | 1 year change: 19%

Properties: New York Yankees, Yankee Stadium Events, YES Network*, Legends*, New York City FC*, AC Milan*, A1 Padel*, Staten Island FerryHawks*

9) Paul G. Allen Trust

Worth: US$ 9,060 million dollars | 1 year change: 22%

Properties: Seattle Seahawks, Portland Trail Blazers, Seattle Sounders*

10) Maple Leaf Sports & Entertainment

Worth: US$8.47 billion dollars | 1 year change: 32%

Properties: Toronto Raptors, Toronto Maple Leafs, Toronto FC, Toronto Argonauts, Toronto Marlies