The Business Of Football (Falcons Value)
Posted: Sat Oct 27, 2007 5:59 am
Be sure to click both links belows.
31. Atlanta Falcons
NFL Rankings
Team Value 1 $796 mil
Arthur Blank
Atlanta Falcons
are owned by Arthur Blank (Net Worth: $1.3 billion),
who bought them in 2002
for $545 mil.
The skinny
It's been a dark 2007 for the Atlanta Falcons with the gruesome dogfighting charges against the face of the franchise, quarterback Michael Vick. One thing that has gone right for the franchise this year is a $25 million renovation of the state-owned Georgia Dome. The changes include the addition of two new LED video boards that wrap around the stadium and the elimination of 40 suites which were replaced by 8 new "super-suites". The team also renovated some existing suites and jacked up the average price more than 50%. Even with the changes, the team still has one of the league's lowest revenues thanks to an onerous lease that requires team owner Arthur Blank to share luxury suite and marketing revenues with the state.
Atlanta Falcons team page
31. Atlanta Falcons
NFL Rankings
Team Value 1 $796 mil
Arthur Blank
Atlanta Falcons
are owned by Arthur Blank (Net Worth: $1.3 billion),
who bought them in 2002
for $545 mil.
The skinny
It's been a dark 2007 for the Atlanta Falcons with the gruesome dogfighting charges against the face of the franchise, quarterback Michael Vick. One thing that has gone right for the franchise this year is a $25 million renovation of the state-owned Georgia Dome. The changes include the addition of two new LED video boards that wrap around the stadium and the elimination of 40 suites which were replaced by 8 new "super-suites". The team also renovated some existing suites and jacked up the average price more than 50%. Even with the changes, the team still has one of the league's lowest revenues thanks to an onerous lease that requires team owner Arthur Blank to share luxury suite and marketing revenues with the state.
Atlanta Falcons team page