LANHAM, Md. (CBSDC) — Despite the ongoing controversy surrounding its team name, the Washington Redskins are more valuable than ever.
In Forbes’ annual list of the NFL’s most valuable teams, Washington is ranked third in the league at $2.4 billion. Only the Dallas Cowboys (1st; $3.2 billion) and New England Patriots (2nd; $2.6 billion) are worth more than the Redskins, according to Forbes.
Dan Snyder’s team brought in $395 million in revenue in 2013 and had an operating income of $143 million.
Forbes valued the Redskins at $1.7 billion in last year’s rankings.
The Redskins’ NFC East New York Giants are worth $2.1 billion — good enough for fourth in the NFL.
The Baltimore Ravens also ranked in the league’s top 10 at $1.6 billion. The team made $304 million in revenue in 2013 and had an operating income of $57 million.
“The Ravens inked a 10-year extension to its stadium naming rights sponsorship with M&T Bank in May worth $60 million and will run through the 2027 season,” Forbes says.
The average NFL team is currently worth $1.43 billion, the highest value in the 17 years Forbes says it has tracked professional football team finances.
“The $1.43 billion average is 23 percent more than a year ago, the biggest year-over-year increase since 1999,” Forbes says.
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