
What Are Teams Worth? Team Valuation ◾ 291
major source of prots for the school and most athletic departments are subsidized.
While some athletic departments do have high revenues, their costs are typically
just as high. If one looks at the athletic departments separately, sports teams have
very little nancial value.
At the end of 2009, Forbes valued the football team at the University of Texas
at $119 million. is value came from both direct and indirect contributions to
the school and local area. If professional sports can be dicult to value, then col-
lege sports teams are nearly impossible. Just as in professional sports, college sport ...