RICHMOND, VA (WWBT) - Multiple losing seasons and the loss of copyright protection controversy over the name of the franchise combine for a recipe for success.
According to the just released Forbes rankings, the value of the Washington Redskins has jumped $700 million in just one year, (that's a 40% gain in 12 months). The Redskins are now the 3rd most valuable franchise in the NFL -- behind only the Dallas Cowboys and the New England Patriots -- with a value of $2.4 billion.
The Redskins were the most valuable team in the league back in 2006, until the Cowboys took the crown. The Cowboys, in fact, are now tied with the Yankees as the most valuable American sports franchise. Dallas has been the top-valued NFL franchise for eight years, since wresting the crown from the Redskins after 2006.
The Cowboys and Redskins are also the only American franchises in the top 10 that aren't New York- or LA-based, or coming off of a championship season.
The most valuable sports franchise in the world is the soccer team Real Madrid, with an estimated value of $3.3 billion.
Copyright 2015 WWBT NBC12. All rights reserved