Jerry Jones impressed by sale price of Los Angeles Dodgers
There has been curious reaction to the sale price of the Los Angeles Dodgers, who went earlier this week to an investment group including Magic Johnson for a cool price of $2 billion.
One of the most recognizable franchises in Major League Baseball, the Dodgers have still lagged behind many NFL franchises when it comes to annual estimates of worth by Forbes.
So, imagine how Jerry Jones feels as his Cowboys are traditionally at or near the top of the list for North American sports franchises? A little surprised maybe. The most recent Forbes estimate for the Cowboys was $1.81 billion.
"They probably undervalued it (Cowboys worth) according to the market place here," Jones said of Forbes, according to David Moore of the Dallas Morning News. "I don't know how to get my mind or arms around that at all. It certainly wass't something I might have had in mind when I got involved with the Cowboys and the team. It's impressive. It's very impressive."
So, what does the price tag on the Dodgers do for other major sports franchises?
"Well, I think it raises all boats in sports," Jones said. "Evaluations are estimates of value. The real value is when you see the market place decide what they're worth, and that's the value. Period."
For the record, Jones said repeatedly he has no interest in putting the Cowboys up for sale to test what that true value would be.
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Brad Biggs covers the Bears for the Chicago Tribune