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College football valuations

Marvin the Martian

Hall of Famer
Sep 4, 2001
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I didn't see this here. CNBC did a valuation on college football teams, and we are #28, worth $653 million. #1 is tO$U at $1.3 billion. Penn State is a little lower than I expected, other than that I don't see many surprises.


An Indiana University Columbus professor also did valuations, we are #33 at $386 million. In that one, the bucks are worth $1.9 billion.


It would be interesting to know how much Cignetti has changed our valuation.
 
I didn't see this here. CNBC did a valuation on college football teams, and we are #28, worth $653 million. #1 is tO$U at $1.3 billion. Penn State is a little lower than I expected, other than that I don't see many surprises.


An Indiana University Columbus professor also did valuations, we are #33 at $386 million. In that one, the bucks are worth $1.9 billion.


It would be interesting to know how much Cignetti has changed our valuation.


Related to this general topic.........I saw the results of a study by a guy named Tony Altimore being referred to on an OSU site. He estimated the # of fans for each power 5 (at that time) league. The study dated to '22. What was of interest to OSU fans was that OSU was listed as having the most fans of any program nation-wide, and by a lot. Here were the top 16:

--OSU 11.26M; ND 8.21M; TX 7.82M; PSU 6.36M; Mich 6.26M; Florida 5.89M; ORE 5.54M; Bama 5.34M; Wisconsin 4.57M; USC 4.46M; LSU 4.02; Georgia 3.99M; A&M 3.87M; Syracuse 3.34M; Auburn 3.27M; TN 3.27M.

These results were frequently cited on the internet, and I tried to find the actual study to read it, but never could. Nor could I find much as to how he came up with his #s. Obviously, the # for Syracuse seems rather odd, but otherwise I thought it might be generally valid. The guy is apparently well thought of....... Anyway, I looked and looked for the rest of the BT #s, and eventually found them. They were not pretty for IU:

--MSU 3.1; NEB 2.6; Iowa 2.4; UCLA 2.3; MD 1.9; Illinois 1.4; MN 1.3; Rutgers 1.2; Purdue 1.0; NW .8; IU .6.

Now, this was 2 years ago, so much has changed. But one thing is clear......how much Cig has had and will have to overcome.
 
Related to this general topic.........I saw the results of a study by a guy named Tony Altimore being referred to on an OSU site. He estimated the # of fans for each power 5 (at that time) league. The study dated to '22. What was of interest to OSU fans was that OSU was listed as having the most fans of any program nation-wide, and by a lot. Here were the top 16:

--OSU 11.26M; ND 8.21M; TX 7.82M; PSU 6.36M; Mich 6.26M; Florida 5.89M; ORE 5.54M; Bama 5.34M; Wisconsin 4.57M; USC 4.46M; LSU 4.02; Georgia 3.99M; A&M 3.87M; Syracuse 3.34M; Auburn 3.27M; TN 3.27M.

These results were frequently cited on the internet, and I tried to find the actual study to read it, but never could. Nor could I find much as to how he came up with his #s. Obviously, the # for Syracuse seems rather odd, but otherwise I thought it might be generally valid. The guy is apparently well thought of....... Anyway, I looked and looked for the rest of the BT #s, and eventually found them. They were not pretty for IU:

--MSU 3.1; NEB 2.6; Iowa 2.4; UCLA 2.3; MD 1.9; Illinois 1.4; MN 1.3; Rutgers 1.2; Purdue 1.0; NW .8; IU .6.

Now, this was 2 years ago, so much has changed. But one thing is clear......how much Cig has had and will have to overcome.
Interesting. OSU has always had an ideal position to create a big fanbase. First off, they're in a 2M population city with no NFL team right in the middle of a pretty big state, which is perfect for them. They're also the only CFB team (no rival, sorry UC) in their state, which is rare, allowing them to pull in a ton of fans from Cleveland and Cincy (those are NFL cities, but bad franchises) and the other smaller, but still decent sized places like Dayton, Akron, Toledo, etc.

Us? That number looks right honestly. We've got our alumni base and Bloomington locals. That's about it. We've just got to play the cards we've got. Step One is getting our alumni and locals engaged, which the AD and Cig made a lot of progress on last year. I don't sense much CFB allegiance in Indy, I think IU could make some inroads there, especially with the Colts struggling. Maybe we can get our non-alumni bball fans interested too, I don't know, I don't totally understand the mindset of that group when it comes to non-bball sports.

Fortunately, fanbase size is just part of it of what it takes to be good. Big picture our athletic dept revenue is around #30 right now and I bet our FB NIL is similar. If we can get those numbers to top-20, which I think we can do, we'll have the resources to be a sustainable, good football program. It's tough though, our competition is pushing hard to get bigger and better as well.
 
Interesting. OSU has always had an ideal position to create a big fanbase. First off, they're in a 2M population city with no NFL team right in the middle of a pretty big state, which is perfect for them. They're also the only CFB team (no rival, sorry UC) in their state, which is rare, allowing them to pull in a ton of fans from Cleveland and Cincy (those are NFL cities, but bad franchises) and the other smaller, but still decent sized places like Dayton, Akron, Toledo, etc.

Us? That number looks right honestly. We've got our alumni base and Bloomington locals. That's about it. We've just got to play the cards we've got. Step One is getting our alumni and locals engaged, which the AD and Cig made a lot of progress on last year. I don't sense much CFB allegiance in Indy, I think IU could make some inroads there, especially with the Colts struggling. Maybe we can get our non-alumni bball fans interested too, I don't know, I don't totally understand the mindset of that group when it comes to non-bball sports.

Fortunately, fanbase size is just part of it of what it takes to be good. Big picture our athletic dept revenue is around #30 right now and I bet our FB NIL is similar. If we can get those numbers to top-20, which I think we can do, we'll have the resources to be a sustainable, good football program. It's tough though, our competition is pushing hard to get bigger and better as well.
Tell me you don’t know anything about football in Ohio without telling me. OSU has always had a large fanbase. They didn’t just create it. It’s grown from generations. Football is truly a religion in Ohio. OSU’s popularity has NOTHING to do with the play of the Browns or Bungles. Your Colts wish they had a fanbase as loyal as the Browns!! As for Cincinnati? OSU isn’t as popular there as you’d think. I’d guess maybe 40%. My point is they support both. My Dad is a longtime Browns season ticket holder (4 seats) 2 hour drive and our entire family has always fought who goes with my parents. There’s nothing like tailgating in the Muni lot!! The Colts argument is one I’ve just never comprehended. If you’re a IU fan and a Colts, why can’t you be a fan of both? Bars/restaurants should be ecstatic if both are successful. I know they are packed in Columbus both Saturday and Sunday’s.

Columbus is home to Cardinal Health, Nationwide, JP Morgan and Huntington Bank just to name a few. (Yes, I work for one of them) With the addition of Intel in a few years, the area which is already seen significant growth will close to double as what it was 20 years ago. OSU as a university not just the football program has benefited. Intel is significant with number of high paying and sought after jobs and pledges that they have already made with OSU.
 
Related to this general topic.........I saw the results of a study by a guy named Tony Altimore being referred to on an OSU site. He estimated the # of fans for each power 5 (at that time) league. The study dated to '22. What was of interest to OSU fans was that OSU was listed as having the most fans of any program nation-wide, and by a lot. Here were the top 16:

--OSU 11.26M; ND 8.21M; TX 7.82M; PSU 6.36M; Mich 6.26M; Florida 5.89M; ORE 5.54M; Bama 5.34M; Wisconsin 4.57M; USC 4.46M; LSU 4.02; Georgia 3.99M; A&M 3.87M; Syracuse 3.34M; Auburn 3.27M; TN 3.27M.

These results were frequently cited on the internet, and I tried to find the actual study to read it, but never could. Nor could I find much as to how he came up with his #s. Obviously, the # for Syracuse seems rather odd, but otherwise I thought it might be generally valid. The guy is apparently well thought of....... Anyway, I looked and looked for the rest of the BT #s, and eventually found them. They were not pretty for IU:

--MSU 3.1; NEB 2.6; Iowa 2.4; UCLA 2.3; MD 1.9; Illinois 1.4; MN 1.3; Rutgers 1.2; Purdue 1.0; NW .8; IU .6.

Now, this was 2 years ago, so much has changed. But one thing is clear......how much Cig has had and will have to overcome.
Note than when you look at fanbase numbers, it’s pretty easy to see why several of these teams are at the top of the list:
1. State population
2.Competing universities within the state.

A large number of non-alums living in a state or growing up in a particular state are fans of the university because it is the only major university in the state. Ohio State is a perfect example. The entire state throws its support behind the school. Yes, there is the University of Cincinnati but they mainly get alum and localized support. Penn State is largely in the same boat with Pitt being the only other player getting largely local support. Wisconsin? There is no in-state competition.
 
Tell me you don’t know anything about football in Ohio without telling me. OSU has always had a large fanbase. They didn’t just create it. It’s grown from generations. Football is truly a religion in Ohio. OSU’s popularity has NOTHING to do with the play of the Browns or Bungles. Your Colts wish they had a fanbase as loyal as the Browns!! As for Cincinnati? OSU isn’t as popular there as you’d think. I’d guess maybe 40%. My point is they support both. My Dad is a longtime Browns season ticket holder (4 seats) 2 hour drive and our entire family has always fought who goes with my parents. There’s nothing like tailgating in the Muni lot!! The Colts argument is one I’ve just never comprehended. If you’re a IU fan and a Colts, why can’t you be a fan of both? Bars/restaurants should be ecstatic if both are successful. I know they are packed in Columbus both Saturday and Sunday’s.

Columbus is home to Cardinal Health, Nationwide, JP Morgan and Huntington Bank just to name a few. (Yes, I work for one of them) With the addition of Intel in a few years, the area which is already seen significant growth will close to double as what it was 20 years ago. OSU as a university not just the football program has benefited. Intel is significant with number of high paying and sought after jobs and pledges that they have already made with OSU.
You’re almost completely missing the point of my post. I’m not dissing Columbus or anywhere in Ohio. No need to get so defensive.

I’m just pointing out OSU is perfectly situated to develop a huge fanbase given their location. Of course they have to execute well and they have.
 
Bucks FB was a religion in Ohio long before Columbus was considered not much more than a state capital hosting the State Fair and decades before the Bengals were even a thought. Browns' and Bengals' fans have Saturdays free as well as Sundays. Howard "Hopalong" Cassady was an idol in Ohio as much as Jimmy Brown. Paul Brown was no bigger icon in Ohio lore than Woody. In my days there as a seasoned adolescent and young teen HS FB stadiums were packed. Home and visitor alike. Bucks were big before Columbus was a metropolitan area.
 
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Bucks FB was a religion in Ohio long before Columbus was considered not much more than a state capital hosting the State Fair and decades before the Bengals were even a thought. Browns' and Bengals' fans have Saturdays free as well as Sundays. Howard "Hopalong" Cassady was an idol in Ohio as much as Jimmy Brown. Paul Brown was no bigger icon in Ohio lore than Woody. In my days there as a seasoned adolescent and young teen HS FB stadiums were packed. Home and visitor alike. Bucks were big before Columbus was a metropolitan area.
Yea, but to get where they are today it helps OSU is the main show in a 2M population city and they are well positioned to pull fans from all over Ohio. It’s unique and just an interesting dynamic.

I’m not disputing it’s a FB crazy state. So is Texas, but even UT doesn’t seem to have the geography/lack of competition to scale their fanbase like OSU has.
 
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Yea, but to get where they are today it helps OSU is the main show in a 2M population city and they are well positioned to pull fans from all over Ohio. It’s unique and just an interesting dynamic.

I’m not disputing it’s a FB crazy state. So is Texas, but even UT doesn’t seem to have the geography/lack of competition to scale their fanbase like OSU has.
You are not getting it. FB for the Buckeyes has been paramount and predominate in Ohio for decades and decades. Check out the size of their stadium over the decades. It happened long before 2m people in the Columbus area. I'm in my 8th decade and lived in Ohio for a time in 50's. It was right before my eyes.
 
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You are not getting it. FB for the Buckeyes has been paramount and predominate in Ohio for decades and decades. Check out the size of their stadium over the decades. It happened long before 2m people in the Columbus area. I'm in my 8th decade and lived in Ohio for a time in 50's. It was right before my eyes.
When Hopalong Cassiday ran wild.
 
You are not getting it. FB for the Buckeyes has been paramount and predominate in Ohio for decades and decades. Check out the size of their stadium over the decades. It happened long before 2m people in the Columbus area. I'm in my 8th decade and lived in Ohio for a time in 50's. It was right before my eyes.
Yes, FB has always been huge there. But in order to have what appears to be the largest fanbase in CFB, there have to be some geographic/demographic factors that help.

FB is just as big in Tuscaloosa. But they will never have a fanbase as big as OSU because there just aren’t that many people near the program.

I’m not trying to compare which program loves FB the most, but rather to consider which programs can attract the most fans if they have sustained success.
 
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Yes, FB has always been huge there. But in order to have what appears to be the largest fanbase in CFB, there have to be some geographic/demographic factors that help.

FB is just as big in Tuscaloosa. But they will never have a fanbase as big as OSU because there just aren’t that many people near the program.

I’m not trying to compare which program loves FB the most, but rather to consider which programs can attract the most fans if they have sustained success.
Are you blind? The following goes back over 70 years with this momentum.
 
You’re almost completely missing the point of my post. I’m not dissing Columbus or anywhere in Ohio. No need to get so defensive.

I’m just pointing out OSU is perfectly situated to develop a huge fanbase given their location. Of course they have to execute well and they have.
Only defensive of Browns slander. Haha. Not to start a war over this but 60,000 undergrads + the only show in state + the population of the state + sustained winning x many generations = the biggest fan base in America. It’s not just one thing, it’s a combination of all.
 
Only defensive of Browns slander. Haha. Not to start a war over this but 60,000 undergrads + the only show in state + the population of the state + sustained winning x many generations = the biggest fan base in America. It’s not just one thing, it’s a combination of all.
Yes, I agree several factors go into the size of a fanbase, but the point of my post was to focus on two factors (only show in the state and population of state) because no other school is quite like OSU in that regard. I didn't mention sustained success because that's well known.

Btw, the Browns are a bad franchise, at least since they returned, three playoff appearances in 25 years what else can someone say? But I said franchise because their fans are good and hardy. I have family there and have been to a few games. That likely new stadium by the airport will be nice, though it is a bummer the team will lose some of its unique identity once they leave the lakefront. And yea people can clearly be fans of CFB and NFL teams, but the point was in general their focus/time/$ will gravitate to some extent towards the better team.
 
Tell me you don’t know anything about football in Ohio without telling me. OSU has always had a large fanbase. They didn’t just create it. It’s grown from generations. Football is truly a religion in Ohio. OSU’s popularity has NOTHING to do with the play of the Browns or Bungles. Your Colts wish they had a fanbase as loyal as the Browns!! As for Cincinnati? OSU isn’t as popular there as you’d think. I’d guess maybe 40%. My point is they support both. My Dad is a longtime Browns season ticket holder (4 seats) 2 hour drive and our entire family has always fought who goes with my parents. There’s nothing like tailgating in the Muni lot!! The Colts argument is one I’ve just never comprehended. If you’re a IU fan and a Colts, why can’t you be a fan of both? Bars/restaurants should be ecstatic if both are successful. I know they are packed in Columbus both Saturday and Sunday’s.

Columbus is home to Cardinal Health, Nationwide, JP Morgan and Huntington Bank just to name a few. (Yes, I work for one of them) With the addition of Intel in a few years, the area which is already seen significant growth will close to double as what it was 20 years ago. OSU as a university not just the football program has benefited. Intel is significant with number of high paying and sought after jobs and pledges that they have already made with OSU.
NYC is home to JPM. Intel has been in a decline for years. I don't think they can promise anything. More than likely to be acquired, as they've missed the boat in some many ways over the past several years.
 
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NYC is home to JPM. Intel has been in a decline for years. I don't think they can promise anything. More than likely to be acquired, as they've missed the boat in some many ways over the past several years.
$20 billion that they’ve invented into the facility and $5 billion more to OSU might say otherwise. I should have said Midwest office of JPM and 18,000 employees.
 
Yes, I agree several factors go into the size of a fanbase, but the point of my post was to focus on two factors (only show in the state and population of state) because no other school is quite like OSU in that regard. I didn't mention sustained success because that's well known.

Btw, the Browns are a bad franchise, at least since they returned, three playoff appearances in 25 years what else can someone say? But I said franchise because their fans are good and hardy. I have family there and have been to a few games. That likely new stadium by the airport will be nice, though it is a bummer the team will lose some of its unique identity once they leave the lakefront. And yea people can clearly be fans of CFB and NFL teams, but the point was in general their focus/time/$ will gravitate to some extent towards the better team.
I was just pointing out that they do support both. My wife and her entire family are Steelers fans. (Her father grew up in Youngstown) and all OSU fans. I know every weekend we are watching football. I make it to about 4 Browns games a year. This year however, only one.

Yes Haslim has made some terrible decisions. I really thought Andrew Berry was a great hire at GM until he and Jimmy completely handcuffed the franchise by signing Mr Massage.
 
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