New Orleans Saints

About

Valued at $4.3B with $460M in annual revenue, the Saints benefit from a passionate fan base and a recovering post-pandemic entertainment economy in New Orleans, though their mid-market status limits revenue growth compared to mega-market peers. The franchise has generated strong operating margins (~18.5%) despite competitive constraints, with recent ownership stability under Gayle Benson providing platform continuity after the 2018 transition. Key value drivers include potential NFL media rights upside and leverage from the team's cultural significance in New Orleans, though a competitive NFC South and aging Caesars Superdome (renovations ongoing) present both risks and opportunities for asset value appreciation.