Franchise_1526509870738_12083263_ver1.0_1280_720 What is going rate for pro sports franchises these days? Prices will floor you

There is about to be a new co-champion for the highest purchase of a pro sports franchise, as hedge fund manager David Tepper has agreed to buy the NFL’s Carolina Panthers for a hefty $2.2 billion.

Believe it or not though, that only ties the largest purchase for a professional sports franchise ever.

Last year, the Houston Rockets of the NBA also were sold for $2.2 billion to restaurant mogul Tilman Fertitta.

There are now four sports franchises that have been bought for at least $2 billion, which is more than the gross domestic product of economically underdeveloped countries (Rockets guard James Harden could probably buy a country or two with the $223 million contract extension he signed last year).

The Los Angeles Clippers of the NBA and the Los Angeles Dodgers of Major League Baseball also each were bought for $2 billion.

Microsoft CEO Steve Ballmer purchased the Clippers in 2014, while a group led by NBA Hall of Famer Magic Johnson bought the Dodgers in 2012.

The moral of the story is that for any fans of a franchise who are frustrated with the franchise’s current owner and are begging for a sale, there had better be a buyer with at least $2 billion in the bank to make their wish come true.



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