Maryland’s College Football Program Valued at $96 Million
Maryland’s college football program was ranked a low 56th by value, with a net worth of $96 million, according to an annual analysis.
It was the only college programs in the state valued in the study by Ryan Brewer, an assistant professor of finance at Indiana University-Purdue University Columbus.
Texas remained the most valuable college football program with a valuation of $761.7 million, despite losing 5% in 2011-12. It also generates the most revenue in college football.
The valuation priced the Longhorns higher than NFL's Jacksonville Jaguars, which was sold for about $760 million in 2011. However, Forbes last year valued the team at a much lower $133 million, up from $129 million the previous year.
Brewer estimated the intrinsic valuations of 115 teams in the top-tier Football Bowl Subdivision. He used each team’s revenues and expenses, cash-flow adjustments, risk assessments and growth projections, among other things.