Creditsafe’s Data Identifies Most Financially Stable NFL Teams
SEPTEMBER 14, 2016 ALLENTOWN, PA: Creditsafe, the world’s most-used supplier of online company credit reports, today released interesting insight into the financial stability of the 32 teams in the National Football League. What started off as a little office fun, transformed into a project to identify whether or not there was a correlation between off-field interests and on-field success. Looking at the relationship between a team’s total number of Super Bowl wins and its credit rating, the study revealed the team with the greatest number of Super Bowl wins does not have the best credit rating.
To date, the Pittsburgh Steelers have the greatest number of Super Bowl wins followed by the Dallas Cowboys and San Francisco 49ers. According to Creditsafe's research, despite the Pittsburgh Steelers’ six Super Bowl Championships and the Dallas Cowboys’ five, it takes both organizations much longer to pay their bills than the San Francisco 49ers. The 49ers, who also have five Super Bowl wins, pay their bills on or before the due date. By contrast, the Steelers pay their bills an average of four days beyond the due date, while the Cowboys pay their bills an average of 47 days past the due date (this is second only to the San Diego Chargers paying 65 beyond terms).
“In some sports such as baseball we see a direct link between the number of championships and the financial health of the organization. The New York Yankees are the most winning team in baseball and they also pay their bills the fastest resulting in the top credit rating,” explained Matthew Debbage, CEO of Creditsafe USA and Asia. “With football, this simply isn’t the case.”
The Creditsafe study looked at the three most popular sports in the United States — basketball, football and baseball. The only sport where the number of championships correlates to the financial health of the team is baseball. “In basketball, the team with the greatest number of championships—the Boston Celtics—pays its bills on time but has a credit rating of less than 25,” explained Debbage. “Clearly being at the top of the sport, doesn’t guarantee having the top financials.”
In looking at the three sports, the one with the highest credit rating is baseball with an average rating of 54.45 across all of the teams in the league. This is followed by football with an average rating of 42.07 and basketball with an average rating of 36.57.
Creditsafe's global database is one of the most rapidly expanding in the industry and also one of the most comprehensive. Each day over 200,000 users around the world leverage the company's database. Creditsafe’s database is updated over a million times a day with information gathered from thousands of sources. In 99.9% of the cases, reports requested by customers are delivered instantly. Over forty percent of Credisafe’s customers, leverage the company’s internationally reporting capabilities.
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