Forbes Wednesday released its annual list of the the world’s most valuable sports teams in 2017. The Giants came in at No. 8 valued at $3.1 billion. The evaluation at $3.1 billions is an 11 percent change over the past year. The Giants came ahead of every NFL team except the New England Patriots and Dallas Cowboys. The Patriots came in at No. 6 on the list and the Cowboys came in as the most valuable franchise at No. 1.
According to Forbes, the Giants revenue last year was $444 million. New York’s operating income from that revenue was $133 million. The Giants the third-most valuable sports team in New York. The Yankees ($3.7 billion) are no. 2 overall and the Knicks ($3.3 billion) are No. 7.
Forbes says “franchise values are based on Forbes valuations done over the past year for NFL, NHL, NBA, MLB, F1, soccer and Nascar (no NHL, F1 or Nascar teams made the top 50). Forbes’ team values reflect enterprise values (equity plus debt) based on current venue deals unless a new venue is pending.”