Though the Steinbrenners, Cubans, and Jerry Joneses of the world may be the most famous owners in sports, they and their teams represent but a small component of a large and diverse industry. Considering the operation of teams in major and minor sports leagues often involves a significant intangible franchise asset component, as well as minority ownership interests, no two valuations of sports franchises are the same. On September 15, BVR welcomes Drew Dorweiler for Valuing Sports Franchises, the latest installment of BVR's Industry Spotlight Series. Join Dorweiler as he explains the operational characteristics of sports franchises and their ramifications on the valuation process.