The Baltimore Ravens are one of the most successful franchises in the NFL. Fans often wonder who owns Baltimore Ravens and how the ownership structure works. The team has a unique history of relocation, strong leadership, and family ownership that has shaped its success both on and off the field.
The Baltimore Ravens Profile
The Baltimore Ravens is a professional football team based in Baltimore, Maryland. They play in the NFL as part of the American Football Conference (AFC) North division. Despite being a relatively young franchise, the Ravens have achieved remarkable success, including multiple Super Bowl titles, a reputation for defensive dominance, and a loyal fan base.
Founding and Origins
The Ravens were founded in 1996 when Art Modell, then-owner of the Cleveland Browns, relocated the team to Baltimore. Under a settlement with the NFL, Cleveland retained the Browns’ name, colors, and history, while Baltimore’s franchise began as a new team. The name “Ravens” was chosen through a fan poll conducted by The Baltimore Sun, inspired by Edgar Allan Poe’s famous poem “The Raven.”
The Ravens played their first two seasons (1996–1997) at Memorial Stadium before moving to their permanent home, M&T Bank Stadium, in 1998. The team headquarters and training facilities are located in Owings Mills, Maryland, where state-of-the-art resources support both players and staff.
The Ravens have built a strong legacy in less than three decades. They are known for consistently fielding some of the NFL’s toughest defenses and producing legendary players like Ray Lewis, Jonathan Ogden, and Ed Reed.
Major Milestones
- 1996: Franchise established in Baltimore after relocation of the Cleveland Browns. Team name “Ravens” unveiled.
- 1996–1997: Played at Memorial Stadium; drafted cornerstone players Jonathan Ogden and Ray Lewis.
- 1998: M&T Bank Stadium opened, providing the Ravens with a permanent home.
- 2000: Won Super Bowl XXXV, led by a historically dominant defense that allowed only 165 points in the regular season.
- 2001: Ray Lewis named Super Bowl MVP; the franchise cemented its reputation for defensive power.
- 2008: John Harbaugh hired as head coach; team drafted quarterback Joe Flacco.
- 2012: Won Super Bowl XLVII under Harbaugh, defeating the San Francisco 49ers; Joe Flacco named Super Bowl MVP.
- 2018: Drafted quarterback Lamar Jackson, who would become the face of the franchise.
- 2019: Lamar Jackson won NFL MVP in only his second season as a starter.
- 2023: Ravens won the AFC North title with Jackson leading a dynamic offense.
- 2024: Back-to-back AFC North division champions; continued to be a perennial playoff contender.
- 2025: John Harbaugh signed a contract extension, reaffirming long-term stability for the team.
Who Owns Baltimore Ravens: Largest Shareholders
The Baltimore Ravens are owned through a structure led by Steve Bisciotti, who holds the majority stake, and supported by a small group of minority stakeholders.
In 2025, franchise icon Ray Lewis also joined the ownership group as a co-owner, adding heritage and symbolic value to the leadership of the team. The ownership ensures financial strength, stability, and cultural continuity for the franchise.
Below is a list of the top shareholders of the Baltimore Ravens as of September 2025:
| Shareholder | Percentage Stake | Role / Title | Year Acquired | Net Worth (2025) | Key Details |
|---|---|---|---|---|---|
| Steve Bisciotti | ~52% | Majority Owner, Controlling Shareholder | 2000 (49% stake), 2004 (majority control) | $8.5B | Co-founder of Allegis Group; purchased control from Art Modell; makes all major strategic and financial decisions. |
| Art Modell Estate | ~48% | Minority Owner (Non-controlling) | 1996 (franchise founding) | N/A (Estate holding) | Retains legacy minority stake; no operational control but symbolic link to Ravens’ origins. |
| Ray Lewis | Undisclosed (Minority, part of ownership group) | Co-Owner (2025) | 2025 | Estimated ~$30M (personal net worth) | Ravens legend and Hall of Famer; joined as co-owner in 2025 to represent team culture and history; stake percentage not disclosed. |
Steve Bisciotti – Majority Owner (52%)
Steve Bisciotti is the majority owner of the Baltimore Ravens, holding approximately 52% of the franchise. He first purchased 49% of the team in 2000 for $275 million, with an agreement to acquire control later.
In 2004, he exercised his option and bought the remaining shares necessary to become the principal owner. Bisciotti’s business background with Allegis Group, one of the world’s largest staffing firms, provided the financial foundation for this acquisition. His estimated net worth in September 2025 is well over $8.5 billion.
As the controlling owner, Bisciotti has the final say on all major strategic and financial decisions but delegates day-to-day management to executives and the football operations team.
Art Modell Estate – Minority Stake (48%)
The estate of Art Modell, the original owner who moved the Cleveland Browns to Baltimore in 1996, retains a minority stake in the Ravens, estimated at around 48%. While the estate does not have operational control, it remains a part of the official ownership structure.
Art Modell himself was the guiding force behind the creation of the Ravens, and his legacy continues through this remaining shareholding. The estate has no voting majority but carries symbolic importance in connecting the team to its origins.
Ray Lewis – Co-Owner
In 2025, legendary linebacker Ray Lewis became a co-owner of the Baltimore Ravens. While his exact percentage of ownership has not been publicly disclosed, it is considered a minority stake that falls within the estate’s adjusted holdings or via newly issued ownership structuring. Lewis’s role as co-owner is more symbolic than financial, representing the team’s history and cultural identity.
As a two-time Super Bowl champion and Pro Football Hall of Famer, his presence in ownership strengthens ties with fans and former players while signaling a modern trend of bringing franchise legends into leadership roles.
Baltimore Ravens Ownership History
The Baltimore Ravens’ ownership history is a story of transition, beginning with the relocation of the Cleveland Browns to Baltimore and evolving into a stable family-led franchise. From Art Modell’s original vision to Steve Bisciotti’s majority takeover, and most recently the addition of Ray Lewis as co-owner, the team’s leadership reflects both financial strength and cultural legacy.
| Owner / Group | Ownership Period | Percentage Stake | Role / Title | Key Details & Contributions |
|---|---|---|---|---|
| Art Modell | 1996–2004 | 100% (1996–2000), reduced to ~51% after Bisciotti purchase | Founding Owner, Controlling Owner | Relocated the Browns to Baltimore in 1996; founded the Ravens; oversaw team’s first Super Bowl win in 2000. |
| Steve Bisciotti (Minority Stake) | 2000–2004 | 49% | Minority Investor | Purchased 49% for ~$275M in 2000; prepared for full control transition. |
| Steve Bisciotti (Majority Owner) | 2004–Present | ~52% | Principal Owner, Controlling Shareholder | Acquired majority control for ~$325M in 2004; oversaw second Super Bowl win in 2012; net worth estimated at $8.5B in 2025. |
| Art Modell Estate | 2004–Present | ~45% | Minority Owner (Non-controlling) | Retains symbolic legacy stake; no operational control. |
| Ray Lewis | 2025–Present | ~3% (Estimated) | Co-Owner | Ravens legend and Hall of Famer; joined as co-owner in 2025 to bring cultural and historic connection to the leadership group. |
Art Modell – Founding Owner (1996–2004)
In 1996, Art Modell, owner of the Cleveland Browns, relocated his team to Baltimore after financial disputes and stadium issues in Cleveland. As part of an agreement with the NFL, Cleveland retained the Browns’ name, history, and colors, while Baltimore’s franchise began anew as the Ravens. Modell became the founding owner of the Ravens, and under his leadership, the team quickly rose to prominence. His most notable achievement was the Ravens’ first Super Bowl victory in 2000, cementing the franchise as a powerhouse despite being one of the NFL’s youngest teams.
Steve Bisciotti – Initial Minority Stake (2000)
In 2000, Baltimore-born businessman Steve Bisciotti purchased a 49% stake in the Ravens for about $275 million. This deal included an option for him to eventually acquire majority control. At this stage, Modell remained the controlling owner, but Bisciotti’s involvement marked the beginning of a carefully planned transition. His financial strength and business acumen set the stage for future stability and growth.
Steve Bisciotti – Majority Control (2004)
By 2004, Bisciotti exercised his option and purchased the remaining shares necessary to become the controlling owner of the Ravens. His acquisition was valued at approximately $325 million. From that point forward, Bisciotti has held majority ownership, estimated at about 52% of the team. He has focused on professionalizing the franchise’s operations, appointing trusted executives to oversee both business and football matters. Under his tenure, the Ravens won their second Super Bowl in 2012 and have remained one of the most respected and valuable teams in the NFL.
The Estate of Art Modell – Minority Stake (2004–Present)
Although Steve Bisciotti became the controlling owner in 2004, the estate of Art Modell retained a minority stake in the franchise. This stake, estimated at around 48%, has no operational control but serves as a symbolic connection to the team’s founding. The Modell family’s involvement ensures that the Ravens’ original identity and legacy remain linked to their history.
Ray Lewis – Co-Owner (2025–Present)
In 2025, Ravens legend and Hall of Fame linebacker Ray Lewis joined the ownership group as a co-owner. While his exact percentage stake has not been disclosed, it is understood to be a minority share. His inclusion adds cultural and emotional significance to the team’s leadership, representing a bridge between the Ravens’ historic defensive identity and their modern era. Lewis’s presence in ownership is seen as a nod to fans and a recognition of his role in building the Ravens’ brand.
Stephen J. Bisciotti Net Worth
Steve Bisciotti, the majority owner of the Baltimore Ravens, is one of the wealthiest figures in the NFL ownership landscape. His fortune comes primarily from his staffing and recruitment empire, along with his NFL franchise ownership. In September 2025, his net worth is estimated at $8.5 billion, placing him among the top NFL owners in terms of wealth.
Early Business Success and Allegis Group
Steve Bisciotti’s wealth originates from his co-founding of Aerotek, a staffing company launched in 1983. What began as a small startup soon expanded into Allegis Group, which grew into one of the world’s largest staffing and workforce solutions firms. Today, Allegis operates globally and generates billions in revenue annually. This business success provided Bisciotti with the resources to become involved in professional sports ownership.
Investment in the Baltimore Ravens
In 2000, Bisciotti invested $275 million to acquire a 49% stake in the Baltimore Ravens. His initial minority ownership gave him influence but not full control. By 2004, he exercised his option to purchase a controlling stake for an additional $325 million. That investment has grown significantly, as the Ravens are now valued at over $4.6 billion in 2025. This appreciation in franchise value has been a major driver of Bisciotti’s wealth, contributing to his rise to $8.5 billion net worth.
Lifestyle and Philanthropy
Despite his immense fortune, Bisciotti maintains a relatively low profile compared to other NFL owners. He resides in Maryland and owns several luxury properties, including a home on the Chesapeake Bay. He is also known for philanthropy, supporting education, healthcare, and community development initiatives in Baltimore and beyond. His low-key lifestyle contrasts with his powerful role in the NFL, where he is recognized as an influential voice among league owners.
Ranking Among NFL Owners
With a net worth of $8.5 billion in 2025, Steve Bisciotti ranks in the upper tier of NFL owners by wealth.
While he is not the richest (Jerry Jones of the Dallas Cowboys and Rob Walton of the Denver Broncos remain ahead), his fortune ensures long-term stability and competitiveness for the Baltimore Ravens. His rise in wealth reflects not only his business acumen but also the increasing value of NFL franchises in recent years.
The Baltimore Ravens Net Worth
The Baltimore Ravens are among the most valuable franchises in the National Football League. As of September 2025, the team is valued at $6.62 billion. This impressive figure places the Ravens firmly in the top tier of NFL franchises, reflecting their strong business operations, loyal fan base, and consistent on-field success.
Below is an overview of the Baltimore Ravens’ net worth from 2016 to 2025:
| Year | Franchise Valuation | Key Notes |
|---|---|---|
| 2016 | $2.30 billion | Rising after strong playoff appearances earlier in the decade. |
| 2017 | $2.59 billion | Boost from NFL broadcasting deals and stable fan attendance. |
| 2018 | $2.75 billion | Franchise growth driven by new sponsorship deals. |
| 2019 | $2.98 billion | Lamar Jackson’s MVP season increased brand visibility and merchandise sales. |
| 2020 | $3.40 billion | Pandemic impacted stadium revenue, but NFL media contracts offset losses. |
| 2021 | $3.60 billion | Gradual recovery in ticketing and corporate sponsorships. |
| 2022 | $4.10 billion | NFL valuation surge following new media rights agreements. |
| 2023 | $4.63 billion | Consistent playoff contention helped boost brand strength. |
| 2024 | $5.78 billion | Franchise climbed into NFL’s top 10 most valuable teams. |
| 2025 (Sept.) | $6.62 billion | Current record valuation; Ravens now among top 7 most valuable NFL franchises. |
Growth of Franchise Value
When the Ravens were founded in 1996, the franchise was valued at about $530 million. Since then, the team’s worth has multiplied more than twelvefold. Following their Super Bowl XLVII win in 2012, the Ravens’ valuation rose above $1.5 billion. By 2020, the team was valued at around $3.4 billion, and by September 2025, its worth skyrocketed to $6.62 billion, thanks to rising NFL media deals, international exposure, and enhanced stadium revenues.
Revenue Sources
The Ravens’ $6.62 billion valuation is supported by several revenue streams:
- Broadcasting and Media Rights: NFL’s record-setting national TV and streaming contracts bring in billions annually, with each team receiving a significant share.
- Ticket Sales and Game-Day Revenue: M&T Bank Stadium is consistently packed, with high demand for season tickets, premium seating, and concessions.
- Merchandising and Licensing: With star power like Lamar Jackson, Ravens merchandise enjoys strong domestic and international sales.
- Corporate Sponsorships and Partnerships: Major deals with brands like M&T Bank, Under Armour, and national advertisers add substantial recurring revenue.
- Postseason Success: Playoff runs and past Super Bowl victories continue to enhance the Ravens’ brand power and revenue growth.
Comparison with Other NFL Teams
With a valuation of $6.62 billion, the Ravens have climbed much higher in the league’s financial rankings. While franchises like the Dallas Cowboys ($9.5 billion), New England Patriots ($9.25 billion), and Los Angeles Rams ($6.9 billion) are still slightly ahead, the Ravens now sit among the top five to seven most valuable teams in the NFL. Their valuation also places them among the world’s most valuable sports franchises overall.
Impact of Performance on Value
The Ravens’ consistent performance in the AFC North has been critical in boosting franchise value. The team’s reputation for strong defense, two Super Bowl wins (2000 and 2012), and the presence of MVP quarterback Lamar Jackson have driven both local and national attention.
Performance success fuels ticket sales, merchandising, and international fan growth, all contributing to the $6.62 billion valuation.
Future Outlook
Looking ahead, the Ravens’ valuation is projected to grow even further. With the NFL expanding its global reach, new streaming deals, and planned upgrades to M&T Bank Stadium, the franchise could surpass $8 billion by the early 2030s. Their strong ownership under Steve Bisciotti, combined with a devoted fan base and competitive team, ensures the Ravens will remain financially powerful for decades to come.
Who is the CEO of the Baltimore Ravens?
The Baltimore Ravens’ business and executive operations are led by Sashi Brown, who became the team’s president in 2022. While the official title is President, he functions as the franchise’s CEO-equivalent, overseeing all major business, financial, and operational decisions.
In 2025, Brown continues to play a crucial role in guiding the Ravens’ long-term strategy both on and off the field.
Background of Sashi Brown
Sashi Brown is a seasoned executive with deep experience in both sports management and law. Before joining the Ravens, he worked in leadership roles across the NFL, including with the Cleveland Browns and the Washington Commanders.
He also spent time in the business world, serving as an executive for Monumental Sports & Entertainment, which owns NBA and NHL franchises. His mix of legal expertise, business acumen, and NFL knowledge made him an ideal choice for the Ravens’ top executive role.
Role and Responsibilities
As president and de facto CEO of the Ravens, Brown manages the business side of the franchise, while football decisions are primarily overseen by general manager Eric DeCosta and head coach John Harbaugh. His responsibilities include:
- Overseeing financial operations and revenue growth
- Leading business development and sponsorship deals
- Managing fan engagement and community outreach programs
- Coordinating with the NFL on league-wide business initiatives
- Guiding stadium operations and long-term franchise planning.
This structure ensures the Ravens balance strong business management with competitive football operations.
Leadership Style
Sashi Brown is known for his strategic, data-driven leadership style. He emphasizes long-term growth, diversity, and innovation within the Ravens’ organization. Under his leadership, the team has expanded its business partnerships, enhanced M&T Bank Stadium’s fan experience, and focused on global brand expansion.
Past Leaders of the Franchise
The Ravens have had relatively few top executives since their founding in 1996. Key past leaders include:
- Dick Cass (2004–2022) – Served as team president for nearly two decades, guiding the Ravens through financial growth and stadium upgrades.
- David Modell (1996–2000s) – Played a key role in the team’s early years after Art Modell moved the franchise from Cleveland.
Final Words
The Baltimore Ravens are more than just a football team; they are a family-owned franchise with deep ties to the city. Stephen J. Bisciotti’s ownership has provided consistency and vision, guiding the team to success on the field and growth off it. With strong leadership and financial stability, the Ravens remain one of the NFL’s most respected organizations.
FAQs
Who is the majority owner of the Baltimore Ravens?
Stephen J. Bisciotti is the majority owner with about 52% of the team.
Who is the Ravens’ owner?
The majority owner of the Baltimore Ravens is Steve Bisciotti. He purchased a controlling stake in 2004 after initially buying a minority share in 2000.
Does Steve Bisciotti own 100% of the Ravens?
No. Steve Bisciotti owns about 52% of the franchise. The remaining ownership is divided between the Art Modell estate (around 45%) and Ray Lewis (about 3%), who joined as a minority owner in 2025.
Who are the owners of the Baltimore Ravens?
The current owners are Steve Bisciotti (majority owner and controlling shareholder), the Art Modell estate (minority stakeholder), and Ray Lewis (minority co-owner).
Is Ray Lewis a part-owner of the Ravens?
Yes. In 2025, Ravens legend and Hall of Fame linebacker Ray Lewis became a minority owner, acquiring an estimated 3% stake in the franchise.
Who owns the Ravens yacht?
Steve Bisciotti owns the yacht named “Winning Drive.” The luxury yacht is one of his most recognized assets and reflects his passion for the Ravens’ success.
What were the Baltimore Ravens called before?
Before becoming the Ravens in 1996, the franchise was the Cleveland Browns. Art Modell relocated the Browns from Cleveland to Baltimore, where they were renamed the Ravens.
How much did Drake bet on the Ravens?
In early 2025, Canadian rapper Drake reportedly placed a $500,000 bet on the Ravens during the NFL Playoffs. His high-profile bet drew significant media attention.
What is the Ravens’ owner’s net worth?
As of September 2025, Steve Bisciotti’s net worth is estimated at $8.5 billion, placing him among the wealthiest NFL owners.
How many children does Steve Bisciotti have?
Steve Bisciotti has two sons, Jason and Jack.
Who are the parents of Steve Bisciotti?
Steve Bisciotti was born to Bernie Bisciotti (father) and Lois Bisciotti (mother).
How did Steve Bisciotti make his money?
Bisciotti made his fortune by co-founding Aerotek in 1983, which later grew into Allegis Group, one of the largest staffing and workforce solutions firms in the world.
What does Steve Bisciotti own?
Aside from his controlling stake in the Baltimore Ravens, Steve Bisciotti owns Allegis Group, luxury properties in Maryland, and his yacht “Winning Drive.”
Is Steve Bisciotti selling the Ravens?
No. As of 2025, there are no indications that Steve Bisciotti plans to sell the Ravens. He remains committed to leading the franchise and ensuring its long-term success.