Who Did This Valuation?
From the book Karaoke Capitalism (by the authors of Funky Business
:
- In 1998, CBS, Fox and ABC paid $12.8 billion to broadcast National Football League (NFL) games until 2005. The very same year the Minnesota Vikings franchise was sold for $250 million. In fact, the three networks could have bought all 30 NFL teams and had free broadcast rights forever. They didn’t.
Unless there is more to this story than this, it a big Oops. Read more fun quotes at Stefan’s Karaoke Capitalism post.