By james art 
Albetes Stadium in Boys State. | Aidaho statesman.
Boise (Idaho statesman) – for most people, sports franchises are just a product on the pitch. But behind the emblems of the team and the tribal spirit of fans, there is usually an organization that costs hundreds of millions or even billions of dollars.
According to the forbes list for 2024 of the most valuable sports teams, the 12 best franchises in the world work in the United States. Not surprisingly, eight of them are in NFL, led by Dallas Cowboys, with a $ 10.1 billion valuation.
Although they have become more like professional franchises in the NIL era, the transfer portal and luxury facilities, college programs have no grades on their own. The teams work as part of the university and under the guidance of NCAA.
But if college football teams could be bought and sold, how much would they cost? What would be a good price? For example, how much would the famous Boys State program in the outdoor market bring?
A recent analysis of Ryan Bruer, Assistant Professor of Finance at the University of Indiana Calmbus, has explored numerous factors, such as the highest revenue and growth for a prolonged period, to anticipate the trajectory and resilience of 131 NCAA Division I football programs.
The study is described in detail in The Wall Street Journal. How much would Boise State cost? The analysis has found that Boise State will be the 69th most valuable college football program with a price of $ 91 million. This was made by the highest school on the list, which is a traditional member of the Group 5 Conference, outside SEC, Big Ten, ACC and Big 12.
Brerer took into account factors such as cash flow engines, current finance, television viewership, and even enrollment trends when he made his predictions. According to the analysis, the corrected Broncos revenue was $ 32.6 million, which is the revenue generated by the program over the last 12 months.
Boys State has just finished one of his best seasons so far, winning a second consecutive Mount Mount A West and qualifying for the playoff in college football before losing to Pen State in the quarter-finals of Fiesta Bowl.
Although Boise State’s payment for CFP ranking will not be finalized until later this year, Sportico announced that it will receive at least $ 8 million-$ 4 million for the CFP standings and $ 4 million to reach the quarterfinals.
Boys State received goodbye as one of the four highest-ranked conference champions. According to the study, the program with the highest rating in college football is the newlywed national champion of the state of Ohio.
Baki, who beat Notre Dame 34-23 on Monday night to win their first title since 2014, were estimated at $ 1.96 billion. Texas Longhorns is ranked second with an approximate value of $ 1.9 billion, while Michigan ends the top three with $ 1.66 billion.
For comparison, forbes analysis has shown that Cincinnati Bengals is the NFL team with the lowest estimate – $ 4.1 billion. Bruer told The Journal that it would not be surprised if college programs are sold for over $ 4 billion in a world where college teams can be on the market because of “X-Factors”, such as specific main major coaches or other unique assets.
Top 10 programs
The top of the college football list of the analysis does not actually contain any surprises. It was full of traditional power plants.
1. Ohio State ($ 1.96 billion)
2. Texas ($ 1.9 billion)
3. Michigan ($ 1.66 billion)
4. Georgia ($ 1.35 billion)
5. Notre Dame ($ 1.29 billion)
6. LSU ($ 1.06 billion) 7. Penn State ($ 1,03 billion)
8. Tennessee ($ 1.02 billion)
9. Texas A&M ($ 1 billion)
10. Oklahoma ($ 881 million)