Latest news with #KevinDemoff
Yahoo
4 days ago
- Business
- Yahoo
How did the Rams become L.A.'s most valuable sports franchise, soaring past $10 billion?
A decade ago, the languishing St. Louis Rams were ranked dead last in the NFL with a franchise valuation of $930 million. Today, according to Sportico rankings released Wednesday, the Rams are valued at $10.43 billion, second only to the Dallas Cowboys at $12.88 billion. The Rams, owned by developer Stan Kroenke, saw a 34% value increase from a year ago, tying them with the New York Giants for the biggest year-over-year jump. 'As we enter our 10th season back in Los Angeles, Stan Kroenke's vision to create the world's greatest sports and entertainment district at Hollywood Park — and to build one of the NFL's greatest stadiums — continues to help build the profile of the Rams and the NFL,' said Kevin Demoff, president of team and media operations for Kroenke Sports and Entertainment. 'While these rankings may reflect that, the focus remains on building great teams and a district that Angelenos can enjoy, more than focusing on valuations.' The Rams join the Lakers as the city's second sports franchise with a valuation of at least $10 billion. The Chargers, who are tenants at the Kroenke-owned SoFi Stadium, are 21st on the list at $6.2 billion, one spot up from last year. The valuations are based on the team itself, along with any businesses and real estate holdings related to the team. David Carter, principal at The Sports Business Group and adjunct professor of sports business at USC, said teams are usually valued based on a multiple of their annual revenue, and that valuation also takes into account the likelihood of future revenue growth. 'For Kroenke and the Rams, this has always meant monetizing SoFi in as many ways possible, while simultaneously positioning the venue as a global leader in sports and entertainment. Having accomplished this, and with the team's strong fan bases — both traditional and corporate — the recipe is in place to continue to achieve high valuations, especially when you also consider the team's competitiveness of late.' Read more: Rams aren't just trying to win over L.A. They strive to be 'the world's team' Attaching a number to these teams is largely an academic exercise, because the only true test comes when they are sold — and those sales are rare. Three NFL franchises have changed hands in the past 10 years: the Washington Commanders (2023), Denver Broncos (2022) and Carolina Panthers (2018). Writes Sportico's Kurt Badenhausen: 'Scarcity is a major driver in pushing team values higher, as more billionaires are minted each year and franchises are rarely added.' Check back soon for updates on this developing news story. Get the best, most interesting and strangest stories of the day from the L.A. sports scene and beyond from our newsletter The Sports Report. This story originally appeared in Los Angeles Times.
Los Angeles Times
4 days ago
- Business
- Los Angeles Times
How did the Rams become L.A.'s most valuable sports franchise, soaring past $10 billion?
A decade ago, the languishing St. Louis Rams were ranked dead last in the NFL with a franchise valuation of $930 million. Today, according to Sportico rankings released Wednesday, the Rams are valued at $10.43 billion, second only to the Dallas Cowboys at $12.88 billion. The Rams, owned by developer Stan Kroenke, saw a 34% value increase from a year ago, tying them with the New York Giants for the biggest year-over-year jump. 'As we enter our 10th season back in Los Angeles, Stan Kroenke's vision to create the world's greatest sports and entertainment district at Hollywood Park — and to build one of the NFL's greatest stadiums — continues to help build the profile of the Rams and the NFL,' said Kevin Demoff, president of team and media operations for Kroenke Sports and Entertainment. 'While these rankings may reflect that, the focus remains on building great teams and a district that Angelenos can enjoy, more than focusing on valuations.' The Rams join the Lakers as the city's second sports franchise with a valuation of at least $10 billion. The Chargers, who are tenants at the Kroenke-owned SoFi Stadium, are 21st on the list at $6.2 billion, one spot up from last year. The valuations are based on the team itself, along with any businesses and real estate holdings related to the team. David Carter, principal at The Sports Business Group and adjunct professor of sports business at USC, said teams are usually valued based on a multiple of their annual revenue, and that valuation also takes into account the likelihood of future revenue growth. 'For Kroenke and the Rams, this has always meant monetizing SoFi in as many ways possible, while simultaneously positioning the venue as a global leader in sports and entertainment. Having accomplished this, and with the team's strong fan bases — both traditional and corporate — the recipe is in place to continue to achieve high valuations, especially when you also consider the team's competitiveness of late.' Attaching a number to these teams is largely an academic exercise, because the only true test comes when they are sold — and those sales are rare. Three NFL franchises have changed hands in the past 10 years: the Washington Commanders (2023), Denver Broncos (2022) and Carolina Panthers (2018). Writes Sportico's Kurt Badenhausen: 'Scarcity is a major driver in pushing team values higher, as more billionaires are minted each year and franchises are rarely added.' Check back soon for updates on this developing news story.
Yahoo
22-06-2025
- Sport
- Yahoo
Rams aren't just trying to win over L.A. They strive to be 'the world's team'
Rams linebackers Bryon Young (0) and Jared Verse (8) stand with teammates during the playing of the national anthem before a win over the Arizona Cardinals at SoFi Stadium on Dec. 28. (Wally Skalij / Los Angeles Times) The Rams returned to Southern California nearly a decade ago intent on capturing the heart of NFL fans in Los Angeles. Now, with two Super Bowl appearances, one championship and a still glistening-like SoFi Stadium, they have their eyes set on a larger territory: the world. Advertisement The Rams' trip to Maui last week for a minicamp was their latest foray into building a global brand. 'In the journey to growing your brand globally, there's never an 'Aha, this is a perfect moment,'' Rams president Kevin Demoff said as he stood on the field at War Memorial Stadium after a workout attended by several thousand fans. 'But I think this is a great step.' The Rams' reach is expanding well beyond the United States. Read more: Puka Nacua's rapid ascent an inspiration to Polynesian athletes and Hawaiian fans As part of the NFL's Global Markets Program, the Rams in the last decade were granted rights in Mexico, China, Australia, New Zealand, Japan, South Korea and the United Arab Emirates. Advertisement In February, the NFL announced that the Rams in 2026 would be the home team for the first NFL regular-season game in Australia. The game against a still-to-be determined opponent will be played at the Melbourne Cricket Ground. On Thursday, Rams defensive tackle Kobie Turner, offensive lineman Steve Avila and tight end Davis Allen left Hawaii to travel to Melbourne for a family-friendly fan combine that was expected to draw thousands at Margaret Court Arena. 'While many many people travel to L.A. and we have many of our international fans come to a game at SoFi every year, putting it in somebody's backyard makes it that much more accessible,' said Stephanie Cheng, the Rams' head of international and special projects. The Rams have sent ambassadors abroad before. Former running backs Steven Jackson and Todd Gurley made trips, and former safety Nick Scott accompanied the Super Bowl LVI trophy on a tour of Australia and Mexico. Advertisement Last March, safety Quentin Lake visited Japan. Though he was not there in an official capacity with the Rams, the fourth-year pro attended fashion week, an Ohtani-crazed Dodgers game against the Cubs and participated in other cultural activities. Lake's father, Carnell, a former NFL safety, played a 1996 exhibition game for the Pittsburgh Steelers against the Chargers at the Tokyo Dome. During Lake's own trip, he worked out with Tokyo University defensive backs. 'You would think in Japan, they don't know football over there,' Lake said. 'But they were doing drills and I was genuinely impressed. They're playing football there in pads and helmets and I was like, this is insane. ... That really gave me an appreciation that football is expanding.' Rams safety Quentin Lake recently got a taste of how popular football is in Japan. (Ryan Sun / Associated Press) Jamison Collier, who describes herself as 'just a super fan,' serves on the Rams' fan council in Australia. Advertisement Collier's husband, Zachariah Sepulveda, grew up in Orange County, 'so his whole family supports the Rams,' she said. The couple played together on a mixed rugby team. But one day, after seeing a team playing American football, Sepulveda decided he wanted to play. After one season, he encouraged his wife to try a training session. 'I was hooked,' she said. Philadelphia Eagles tackle Jordan Mailata, an Australian who grew up playing rugby, made it to the NFL through the league's International Player Pathway Program. Now, he is a Super Bowl champion. Read more: Rams primed to be Super Bowl contenders, but two critical areas of concern remain Advertisement The Rams' scheduled game in Australia has created new fans, Collier said. 'Having Jordan Mailata play for the Philadelphia Eagles was a great way for the league to get exposure in Australia,' Collier said. 'But the Rams have really capitalized on that by being, 'Oh, well, look at that, we're going to come play.' 'So people that were kind of just getting their foot in the door of watching the game have gone, 'OK, well I don't have a team. The Rams are coming. They're my team,' which is how a lot of people tend to get into a team. Over here, it's one that's close to your home, or the first game you go to.' The Rams are not the only team expanding their brand in Australia. The Eagles, the Seattle Seahawks and the Las Vegas Raiders also have marketing rights. Advertisement Read more: Rams' new headquarters to be centerpiece of ambitious Warner Center development project Charlotte Offord, general manager of NFL Australia and New Zealand, said the NFL fan base has grown from 5.7 million to 7.5 million in nearly three years. The Rams were the first team to open the market, and have grown it through player appearances, social media channels, books, watch parties, flag football and cheerleading clinics. 'Australian fans love sports so much, but they want the authentic product,' Offord said. 'And so it's not about an Australian talking about the Rams to another Australian. They want an American voice. They want the authentic players, the real players... which really brings to life the Rams brand.' Advertisement By setting up a Super Bowl watch party in Australia a few years ago, and then winning the game, the Rams 'couldn't have asked for a better entry into the market,' said Lucas Barclay, vice president and general manager of the 160over90 agency that helps market the Rams. And Los Angeles as the 'gateway' to the United States for Australians taking direct flights also gives the Rams an advantage, he said. 'The majority of people fly through L.A.,' he said, 'and therefore L.A.'s become known as that team, that if you're going to an NFL game or want to start to discover or uncover the NFL, then the Rams themselves are the team to do it.' As the Rams prepare for their 10th season in L.A. since returning, they are anticipating another potential Super Bowl run. Advertisement Demoff noted that the fans who wore Rams T-shirts and jerseys as 5-year-olds in 2016 are now teenagers. In 10 years, those fans could be season-ticket holders to see the Rams play at a stadium that will also host the World Cup next year and the 2028 Olympics. Read more: Rams' chances of trading for cornerback Jalen Ramsey appear to be fading 'I don't think you look at the first decade and say, 'Check, we did that,'' Demoff said. 'We've had amazing growth, and when I look at all our metrics in terms of fandom and growth, I would say they're certainly where we had hoped they would be. 'But I still think we can push for more.' Advertisement Locally and globally. The goal is to be 'the world's team,' Demoff said. 'To be truly part of Los Angeles, you have to be part of the globe,' he said. 'And as we've looked at our international efforts, we're excited about the foothold and what we're trying to gain, but there's a lot more work to do.' Get the best, most interesting and strangest stories of the day from the L.A. sports scene and beyond from our newsletter The Sports Report. This story originally appeared in Los Angeles Times.
Los Angeles Times
22-06-2025
- Sport
- Los Angeles Times
Rams aren't just trying to win over L.A. They strive to be ‘the world's team'
WAILUKU, Hawaii — The Rams returned to Southern California nearly a decade ago intent on capturing the heart of NFL fans in Los Angeles. Now, with two Super Bowl appearances, one championship and a still glistening-like SoFi Stadium, they have their eyes set on a larger territory: the world. The Rams' trip to Maui last week for a minicamp was their latest foray into building a global brand. 'In the journey to growing your brand globally, there's never an 'Aha, this is a perfect moment,'' Rams president Kevin Demoff said as he stood on the field at War Memorial Stadium after a workout attended by several thousand fans. 'But I think this is a great step.' The Rams' reach is expanding well beyond the United States. As part of the NFL's Global Markets Program, the Rams in the last decade were granted rights in Mexico, China, Australia, New Zealand, Japan, South Korea and the United Arab Emirates. In February, the NFL announced that the Rams in 2026 would be the home team for the first NFL regular-season game in Australia. The game against a still-to-be determined opponent will be played at the Melbourne Cricket Ground. On Thursday, Rams defensive tackle Kobie Turner, offensive lineman Steve Avila and tight end Davis Allen left Hawaii to travel to Melbourne for a family-friendly fan combine that was expected to draw thousands at Margaret Court Arena. 'While many many people travel to L.A. and we have many of our international fans come to a game at SoFi every year, putting it in somebody's backyard makes it that much more accessible,' said Stephanie Cheng, the Rams' head of international and special projects. The Rams have sent ambassadors abroad before. Former running backs Steven Jackson and Todd Gurley made trips, and former safety Nick Scott accompanied the Super Bowl LVI trophy on a tour of Australia and Mexico. Last March, safety Quentin Lake visited Japan. Though he was not there in an official capacity with the Rams, the fourth-year pro attended fashion week, an Ohtani-crazed Dodgers game against the Cubs and participated in other cultural activities. Lake's father, Carnell, a former NFL safety, played a 1996 exhibition game for the Pittsburgh Steelers against the Chargers at the Tokyo Dome. During Lake's own trip, he worked out with Tokyo University defensive backs. 'You would think in Japan, they don't know football over there,' Lake said. 'But they were doing drills and I was genuinely impressed. They're playing football there in pads and helmets and I was like, this is insane. ... That really gave me an appreciation that football is expanding.' Jamison Collier, who describes herself as 'just a super fan,' serves on the Rams' fan council in Australia. Collier's husband, Zachariah Sepulveda, grew up in Orange County, 'so his whole family supports the Rams,' she said. The couple played together on a mixed rugby team. But one day, after seeing a team playing American football, Sepulveda decided he wanted to play. After one season, he encouraged his wife to try a training session. 'I was hooked,' she said. Philadelphia Eagles tackle Jordan Mailata, an Australian who grew up playing rugby, made it to the NFL through the league's International Player Pathway Program. Now, he is a Super Bowl champion. The Rams' scheduled game in Australia has created new fans, Collier said. 'Having Jordan Mailata play for the Philadelphia Eagles was a great way for the league to get exposure in Australia,' Collier said. 'But the Rams have really capitalized on that by being, 'Oh, well, look at that, we're going to come play.' 'So people that were kind of just getting their foot in the door of watching the game have gone, 'OK, well I don't have a team. The Rams are coming. They're my team,' which is how a lot of people tend to get into a team. Over here, it's one that's close to your home, or the first game you go to.' The Rams are not the only team expanding their brand in Australia. The Eagles, the Seattle Seahawks and the Las Vegas Raiders also have marketing rights. Charlotte Offord, general manager of NFL Australia and New Zealand, said the NFL fan base has grown from 5.7 million to 7.5 million in nearly three years. The Rams were the first team to open the market, and have grown it through player appearances, social media channels, books, watch parties, flag football and cheerleading clinics. 'Australian fans love sports so much, but they want the authentic product,' Offord said. 'And so it's not about an Australian talking about the Rams to another Australian. They want an American voice. They want the authentic players, the real players... which really brings to life the Rams brand.' By setting up a Super Bowl watch party in Australia a few years ago, and then winning the game, the Rams 'couldn't have asked for a better entry into the market,' said Lucas Barclay, vice president and general manager of the 160over90 agency that helps market the Rams. And Los Angeles as the 'gateway' to the United States for Australians taking direct flights also gives the Rams an advantage, he said. 'The majority of people fly through L.A.,' he said, 'and therefore L.A.'s become known as that team, that if you're going to an NFL game or want to start to discover or uncover the NFL, then the Rams themselves are the team to do it.' As the Rams prepare for their 10th season in L.A. since returning, they are anticipating another potential Super Bowl run. Demoff noted that the fans who wore Rams T-shirts and jerseys as 5-year-olds in 2016 are now teenagers. In 10 years, those fans could be season-ticket holders to see the Rams play at a stadium that will also host the World Cup next year and the 2028 Olympics. 'I don't think you look at the first decade and say, 'Check, we did that,'' Demoff said. 'We've had amazing growth, and when I look at all our metrics in terms of fandom and growth, I would say they're certainly where we had hoped they would be. 'But I still think we can push for more.' Locally and globally. The goal is to be 'the world's team,' Demoff said. 'To be truly part of Los Angeles, you have to be part of the globe,' he said. 'And as we've looked at our international efforts, we're excited about the foothold and what we're trying to gain, but there's a lot more work to do.'
Yahoo
28-05-2025
- General
- Yahoo
Rams are holding June minicamp in Maui, becoming first NFL team ever to do so
The Los Angeles Rams are moving their June minicamp from one sunny location to another. The team announced on Wednesday that it will hold its minicamp in Maui next month as part of a partnership with the Hawaii Tourism Authority. The Rams are the first team ever to hold an NFL minicamp in Maui. It will take place from June 16-19 at War Memorial Stadium in Wailuku. Players will be on the field June 17 and 18, with fans being able to attend each day. Tuesday's session will be invite-only for fans, while Wednesday will be open and free to the public. Advertisement In addition to their regular minicamp practices, the Rams will also host a girls flag football and boys football clinic at the stadium on Tuesday, as well as a PLAY 60 Field Day on Wednesday. "We are thrilled to return to Hawai'i and for the first time in the NFL bring Minicamp to Maui," Rams president Kevin Demoff said in the release. "Los Angeles and Hawai'i share a special relationship and we are grateful to HTA for teaming with us for this historic partnership. Not only will this trip be a great opportunity for our players, coaches and their families to spend time together in a special setting, but also for our organization to celebrate and pour into youth football programs and players who call Maui home." The Rams are progressing through their offseason program, beginning Phase 2 this week. They will hold OTAs at the end of May before heading to Maui in June for minicamp. This article originally appeared on Rams Wire: Rams minicamp: Team moving practices from LA to Hawaii
