The value of the San Diego Chargers increased by $46 million or 5 percent over the past year to $995 million, according to the annual Forbes report on the National Football League.
That value ranked the Chargers No. 26 among 32 NFL franchises, down one place from last year when it was valued at $949 million, Forbes said.
Alex Spanos, a resident of Stockton, paid $70 million for the team when he purchased it in 1984.
While the Chargers are just below $1 billion in value, the team is below the NFL average of $1.43 billion. The average was up 23 percent from 2013, and the highest in the 17 years Forbes has been tracking the NFL.
The Chargers and most teams don’t comment on Forbes’ reports and say the privately-held franchises don’t reveal financial data.
The most valuable franchise for the eighth consecutive year is the Dallas Cowboys — worth $3.2 billion, an astounding $900 million increase over the value one year ago.
Driving that increase is the team’s lucrative marketing deals with larger, multinational corporations, Forbes said.
The next most valuable franchises are the New England Patriots at $2.6 billion; the Washington Redskins at $2.4 billion; and the New York Giants at $2.1 billion.