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Washington Football Team’s value climbs by $300M in annual rankings

By Jeff Clabaugh
Washington Football Team owner Daniel Snyder is seen in a 2019 photo. The team has increased $300 million in value over last year, Forbes says. (AP Photo/Brynn Anderson)

Washington’s NFL team, currently called The Washington Football Team, is tied with the Los Angeles Dodgers at No. 14 on Forbes’ new rankings of the most valuable sports franchises in the world, with an estimated value of $3.4 billion.

The team was No. 14 last year as well, tied then with the Chicago Cubs, but its valuation is up $300 million from the 2019 list.

Dan Snyder purchased the team in 1999 for $750 million.

The annual global list is dominated by U.S. NFL teams, though Forbes notes the average NBA team value has risen sixfold in the last decade, faster than any other sports league.

Topping the list for the fifth straight year is the Dallas Cowboys franchise. Forbes values the team at $5.5 billion. Owner Jerry Jones purchased the Cowboys in 1989 for $150 million.

The New York Yankees rank No. 2, worth an estimated $5 billion. The team, now owned by the Steinbrenner family, was purchased in 1973 by George Steinbrenner for $8.8 million.

The 10 most valuable sports franchises worldwide, as ranked by Forbes’ 2020 list:

  1. Dallas Cowboys, $5.5 billion
  2. New York Yankees, $5 billion
  3. New York Knicks, $4.6 billion
  4. Los Angeles Lakers, $4.4 billion
  5. Golden State Warriors, $4.3 billion
  6. Real Madrid, $4.24 billion
  7. New England Patriots, $4.1 billion
  8. Barcelona, $4.02 billion
  9. New York Giants, $3.9 billion
  10. Manchester United, $3.81 billion

The full list is posted on Forbes’ website.

Massachusetts court hears arguments in lawsuit alleging Meta designed apps to be addictive to kids

By The Associated Press
BOSTON (AP) — Massachusetts' highest court heard oral arguments Friday in the state's lawsuit arguing that Meta designed features on Facebook and Instagram to make them addictive to young users. The lawsuit, filed in 2023 by Attorney General Andrea Campbell, alleges that Meta did this to make a profit and that its actions affected hundreds of thousands of teenagers in Massachusetts who use the social media platforms. “We are making claims based only on the tools that Meta has developed because its own research shows they encourage addiction to the platform in a variety of ways,” said State Solicitor David Kravitz, adding that the state's claim has nothing to do the company's algorithms or failure to moderate content. Meta said Friday that it strongly disagrees with the allegations and is “confident the evidence will show our longstanding commitment to supporting young people.” Its attorney, Mark Mosier, argued in court that the lawsuit “would impose liabilities for performing traditional publishing functions” and that its actions are protected by the First Amendment.
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