Oakland Raiders Manager of The General Partner Al Davis recently announced that 10 percent of the organization was for sale . That news started a small set of media speculation web posts on the value of the organization based on Forbes annual blast about NFL team values. From Forbes, the Oakland Raiders are worth $797 million, which would put the 10 percent chunk at $79.7 million. Mr. Davis, I'll give you $35 million for that 10 percent But the Forbes estimate is wrong. Way wrong. It's wrong because the number's based on 2008 information, yet presented in this year: 2009. Moreover, media discussion on the Raiders value mentions the credit crunch, and the national economy, but fails to include the local employment situation. People need income to buy tickets and that money comes from jobs. In September 2008, California's unemployment was just 7.7 percent , and we thought that was terrible at the time. Now the rate is at 9.6 percent as of October , and ...
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