The NFL has been steadily establishing itself as the world’s most popular sports league. In addition, there will be no dispute that the owners of NFL franchises are multi-millionaires and multi-billionaires.
Who is the Poorest Owner in the NFL?
Mark Davis, the owner of the Oakland Raiders, is the answer. Mark Davis is the NFL’s poorest owner, with a net value of around $500 million.
The Oakland Raiders were passed down to Mark Davis by his father, and it was he who paved the way for the team’s impending relocation to Los Angeles.
Despite the fact that the team recently sent over $100 million to head coach Jon Gruden to rebuild, Davis isn’t beyond cutting corners when necessary.
As a result of a shady strategy that involves kicking away the previous owner, Wayne Valley, Al Valley now owns the squad.
In the years since then, the squad has faced the NFL a few times, although Mark may not have the same thrill as his father, who was an NFL owner. Despite this, the Raiders have the potential to be a profitable franchise in the future.
A new arena is a big investment for Oakland, but Las Vegas is willing to embrace it because they believe it will bring more money into their economy than its cost.
Mark Davis, like his father before him, has never met a sum of money he didn’t enjoy. A growing sports community in Las Vegas might bring Davis out of the pit of poorest owner status, he believes.
Raiders is valued at $970 million as a piece of real estate. Davis is unlikely to find himself in the poorhouse any time soon due to rising sports club costs and the prospective value of the team moving to Las Vegas.
Be the first to write a comment.