When considering the value of a major pro sports franchise, the buyer(s) and seller(s) will consider, among other things, the outlook for the league, the economics of the team, local economics, national revenue streams, player contract rights, the inclusion of other non-team related assets (such as stadium rights, media rights, real estate, etc.), and the valuation of the relative assets. Consideration would include the following:

• Understanding of assets being sold
• Attention and collaboration on various strategic options including:
  • Due diligence, research, and risk analysis of various existing and potential revenue streams
  • Valuation impact of current and potential future media rights
  • Cost structure including current player contract terms and expense profile
  • Optionality evaluation of potential future impact of current or potential new stadium deal with the a state government agency
  • Potential tax issues related to a buyer
  • Forecasting and modeling of various scenarios
• Consideration and research of recent franchise and/or minority transactions
• Valuation of team and stadium interests