Football program worth $53.93 million, most in conference
According to Andrew Beaton’s Sunday Wall Street Journal article “How Much Is Your Favorite College Football Team Worth,” CMU Football is the third most valuable program in Michigan, behind Michigan State ($246.56 million) and Michigan ($811.30 million).
The story valued Central Michigan’s football program to be worth $53.93 million, making it the most valuable in the Mid-American Conference and 70th-most valuable in Division I.
Ohio State topped the list with a value of $946.6 million.
The annual study was conducted by Ryan Brewer, an assistant professor of finance at Indiana University-Purdue University Columbus.
The study analyzes each program’s revenues, expenses and made cash-flow adjustments, risk assessments and growth projections to calculate what each NCAA football team would be worth on the open market.
What the MAC is Worth
70. Central Michigan - $53.93 million
90. Ohio - $17.63 million
96. Northern Illinois - $14.66 million
97. Buffalo - $14.65 million
99. Akron - $13.17 million
100. Western Michigan - $13.01 million
102. Toledo - $12.61 million
105. Ball State - $11.71 million
107. Bowling Green - $11.28 million
108. Miami (OH) - $11.23 million
110. Kent State - $9.7 million
112. Eastern Michigan - $8.57 million
