The Dallas Cowboys rank first among the most profitable sports teams, earning an estimated $564 million in operating income for 2023.
The 20 most profitable teams collectively generated $3.9 billion in profit, with the NFL dominating the list by featuring nine franchises.
The Los Angeles Rams and New England Patriots follow as the second and third most profitable teams, with operating incomes of $286 million and $261 million, respectively.
Increased revenues from NBA's new media deals could shift future rankings, potentially impacting the profitability landscape of sports teams.
Overall, the report highlights a changing focus on profitability within sports team ownership, especially with growing interest from private equity firms.