HomeUncategorizedLiberty Media, owners of the Formula 1 circuit and the Atlanta Braves,...

Liberty Media, owners of the Formula 1 circuit and the Atlanta Braves, are listed as the most expensive sports empire in 2023 according to Forbes

Liberty Media CEO Greg Maffei and Formula 1 Group Chairman.

Photo: Wade Vandervort/AFP/Getty Images

The names of the most valuable sports empires in the world according to Forbesand Liberty Media with a value of US$ 21 billion dollars, is at the top of the list. John Malone is the main owner of said company.

Liberty Media comprises the $17.1 billion Formula One auto racing circuit and the $2.1 billion MLB team Atlanta Braves. Notably Formula 1 had a total of 1.21 million viewers in 2022 and a new contract for television broadcasts was signed for a value of $75 million dollars a yeara figure that is said to be 15 times greater than the previous one.

Regarding the Atlanta Braves, John Malone paid the amount of $400 million in 2007 and also obtained earnings in 2022 of $535 million.a figure higher than the $466 million of the previous campaign.

It should be noted that the shares of Formula 1 and the Atlanta Braves have risen by 5% and 35% respectively.

The top 10 sports empires in the world

Behind Liberty Media appears Kroenke Sports & Entertainment, with a value of $12.750 million dollars and are the owners of the Los Angeles Rams, Colorado Avalanche, Denver Nuggets, Arsenal FC, The Guard, Colorado Rapids, Colorado Mammoth, Altitude Sports and Entertainment. The main owner is E. Stanley Kroenke.

In the third position is with a value of $ 11.320 million dollars, the billionaire Jerry Jones, owner of the empire with his own name and who owns the Dallas Cowboys, Legends Hospitality, The Star, GameSquare Esports. It should be noted that Jones is also general manager of the Cowboys.

In the fourth box we find Fenway Sports Group, with a value of $10.4 billion and owners of the Boston Red Sox, Liverpool FC, Roush Fenway Keselowski Racing, NESN, Fenway Sports Management and the Pittsburgh Penguin.s. The main names behind this empire are John Henry, co-founder and principal owner and Thomas Werner who serves as president and is also co-founder.

Madison Square Garden Sports It is located in the fifth box of the most expensive sports empires in the world and with a value of $9,170 million dollars.. This sports empire has total dominance of the New York Knicks, New York Rangers, Counter Logic Gaming, Hartford Wolf Pack. James Dolan is Chief Executive and David Hopkinson serves as President and Chief Operating Officer.

A total of 25 sports empires appear on the Forbes list, which exercise the economic power of important franchises and are set to continue leading the market. In this study of the aforementioned medium, the value of their sports investments is taken into account, the which must total at least $100 million dollars.

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