Eighteen NFL teams are more valuable than the Falcons, according to Forbes magazine.
The Falcons are 19th of 32 teams, with a value of $2.13 billion. That is lower than the NFL average of $2.34 billion.
Owner Arthur Blank paid $545 million for the Falcons in 2002.
Team values are determined by equity plus net debt and based on each team’s current stadium (with adjustments for pending new stadiums and renovations). Revenue and operating income (earnings before interest, taxes, depreciation and amortization) are for the 2015 season, including any net of stadium debt service. Revenue from non-NFL events such as concerts and stadium tours, is included when such revenue goes to the team owner or owners.
Forbes calculates the Falcons as having revenue of $336 million, operating income of $69 million, player expenses of $171 million and gate receipts of $56 million.
The Falcons are just ahead of the Raiders, who they will play Sunday.
The Dallas Cowboys are the most valuable franchise at $4.2 billion, easily topping the league for the 10th straight year. The New England Patriots are second at $3.4 billion. The New York Giants ($3.1 billion), San Francisco 49ers ($3.0 billion) and Washington Redskins ($2.95 billion) round out Forbes’ top five.
Buffalo has the lowest team worth at $1.5 billion.
The Associated Press contributed to this article.
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