Liberty Media, the parent company of Formula One, was named by Forbes as the world’s most valuable “sports empire” in 2023. The group also owns the Atlanta Braves and SiriusXM, worth $20.8 billion.
- Kroenke Sports & Entertainment – owns Premier League club Arsenal, NFL Los Angeles Rams, National Basketball Association (NBA) Denver Nuggets and NHL Colorado Avalanche – Valuation $12.75 billion
- Jerry Jones is No. 3, and the empire he built around the Dallas Cowboys is worth $11.32 billion
- Fenway Sports Group (FSG) and Madison Square Garden (MSG) Sports round out the top five with valuations of $10.4 billion and $9.17 billion, respectively
- City Football Group (CFG) is the highest-ranked non-US sports group on the list with a market capitalization of $5.96 billion
- The Glazer family, which owns English soccer giants Manchester United and the NFL’s Tampa Bay Buccaneers, is eighth with a sports fortune worth $7.53 billion
- Collectively, the value of the top 25 sports groups increases by 23% from 2022 to a combined value of $173 billion
Forbes’ valuation of Formula 1 at $17.1 billion is the result of a dispute between global motorsport and the FIA after Saudi Arabia’s Public Investment Fund (PIF) explored a deal to buy the series at more than $20 million. A billion in time. Liberty Media rejects this approach, but would be happy to see the value of its important property increasing.
Liberty’s spinoff of the Braves was announced last year, meaning the group is ready to sell the Major League Baseball (MLB) franchise once the listing is complete. Forbes values the 2021 World Series champion at $2.1 billion.
Some of the sports ownership groups on this list are aiming to sell properties in the coming year. FSG put Liverpool on the market in November and the Glazers are also considering selling Manchester United.