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Photos: The twelve NFL teams Forbes says are more valuable than the Broncos

Big photos and more below.
Big photos and more below.

The Denver Broncos finished 25th on Forbes's list of the world's fifty most valuable sports teams, down two spots from last year. The rankings were based on each team's enterprise value (total equity plus debt) and their current or pending stadium deals. The Broncos are valued at $1.161 billion.

Of the 24 sports teams ranked ahead of the Broncos, twelve were in the NFL. But are they really more valuable in the greater sense of things? We offer our takes in the following countdown.

See also: Photos: Twelve best Denver sports stars, teams and coaches

Number 12: The Green Bay Packers

Photos: The twelve NFL teams Forbes says are more valuable than the Broncos

Valued at $1.183 billion and place at number 24 on Forbes's list, the Green Bay Packers are the only publicly owned team in the league and occupies the smallest city of any team in the NFL, NBA, NHL or MLB. But Lambeau Field is proof that great things can come in small packages: Green Bay's waiting list for season tickets has 81,000 names on it and the average wait is about thirty years. Love them or hate them, Cheeseheads support their team.

But did that help Green Bay in Super Bowl XXXII? (That's Super Bowl 32 for those of you who can't read Roman numerals.)

Number 11: The Indianapolis Colts

Photos: The twelve NFL teams Forbes says are more valuable than the Broncos

Even though owner Jim Irsay is best known for his lifestyle and bizarre tweeting, the Indianapolis Colts is quite a successful franchise. Valued at $1.2 billion, Nielsen ranks Indianapolis as the 26th-largest media market in the country, yet the Colts are the eleventh-highest valued NFL team and is ranked at number 21 by Forbes. Not every team is so lucky (no pun intended) to have Peyton Manning for a generation and then go on to draft a younger version of him for the next one.

We heard Peyton's moved on to better things.

Continue to keep counting down the twelve NFL teams Forbes says are more valuable than the Broncos.



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