CHARLOTTE, N.C. — Forbes released its magazine list of the most valuable NFL teams on Monday.
The Panthers ranked 19th on the list, reportedly down two spots from last year. Despite the lower ranking, the team’s value was listed at $1.56 billion.
To see Forbes’ list, click here.
Reports say the Panthers value has increased by 25% since last year, when Forbes estimated their value at 1.25 billion.
The Panthers’ 2014 revenue was $325 million, according to the report. Their operating income, or earnings before interest and taxes, was $77.8 million. Officials say the team has raised ticket prices after making the playoffs each of the past two years.
Since 2013, owner Jerry Richardson and the team have reportedly dedicated $71 million toward Bank of America Stadium improvements, in addition to the $87.5 million the city of Charlotte contributed. The upgrades included new scoreboards, escalators, and renovated luxury suites.
Forbes values the average NFL team at $1.97 billion.
