Jimmy Haslam bought the Cleveland Browns for just more than $1 billion.
In its rankings of sports franchise value, Forbes declares the Browns are now worth ... wait for it ... $1.005 billion -- exactly what Haslam paid.
The magazine has the Browns as the No. 35 most valuable sports franchise of any kind, and No. 22 among NFL teams. It's always interesting to see where teams rank. The Browns are more valuable than the Buffalo Bills (a team that soon will be sold), St. Louis Rams, Detroit Lions, Cincinnati Bengals, Atlanta Falcons, San Diego Chargers, Arizona Cardinals and New Orleans Saints. They're also more valuable than the NBA's revered Boston Celtics, per the magazine.
However, the Browns are not as valuable as the Minnesota Vikings, Tennessee Titans, Kansas City Chiefs, Carolina Panthers, Tampa Bay Buccaneers and Pittsburgh Steelers. The Baltimore Ravens are the highest-ranked AFC North team, at No. 19, worth $1.227 billion.
The Dallas Cowboys are the NFL's highest-valued team, ranking No. 5 at $2.3 billion. The New York Yankees rank No. 4, with three European soccer teams topping the list: Real Madrid ($3.44 billion), Barcelona ($3.2 billion) and Manchester United ($2.81 billion).
Forbes determines its values on "enterprise values (equity plus debt) based on current venue deals (unless a new venue is pending)."