College football isn’t technically for sale — but if it were, Georgia would be one of the sport’s biggest cash cows.
According to a new Power 4 valuation ranking from The Athletic, the Georgia Bulldogs are estimated to be worth $1.92 billion, placing them second among all college football programs in projected market value. That price tag outpaces almost every other college program in the nation,reinforcing Georgia’s transformation from historical power to modern juggernaut with serious business clout.
The Bulldogs' valuation was built around key revenue, demographic, and competitive factors:
- $147 million average football revenue secondary largest to only Texas.
- A top-four national producer of high school football talent
- A booming population in Georgia, one of the fastest-growing states in the U.S.
- Two national championships in the last four seasons under Kirby Smart
- Only five losing seasons in 50 years
The valuation isn't just about Georgia's present dominance, as it’s a projection of long-term viability. As other programs rise and fall, Georgia is viewed as a safe bet with room to grow, especially as the state continues to churn out elite talent and the Bulldogs keeping homegrown talent close.
College football programs aren’t officially part of the open market. But that could change.
Private equity conversations have already started with Florida State and Boise State exploring outside investment models. And with the NCAA's power structure evolving rapidly, some insiders believe a future where football programs operate like pro franchises is inching closer to reality. If that day comes, Georgia won’t come cheap.
What makes Georgia’s valuation so striking is its sustainability. This isn’t a flash-in-the-pan contender boosted by a few strong years. Georgia is a legacy brand with future-proof fundamentals, backed by a fertile recruiting pipeline, massive revenue streams, and one of the sport’s most consistent coaching regimes.
In a world where college football edges closer to becoming a full-blown business, the Bulldogs aren’t just elite on the field they’re built as a financial powerhouse for revenue too.