Michael Bidwill has been leading the Arizona Cardinals as its principal owner, chairman, and president since 2019. However, his connection to the team extends far beyond his tenure. The Cardinals have been a family legacy for nearly a century, with Bidwill continuing the traditions set forth by his grandfather and father. Let’s delve into how Michael Bidwill has shaped the team while honoring its storied history.
A Legacy Built on Football
Michael Bidwill, 60, grew up immersed in the world of professional football. His grandfather, Charles Bidwill, purchased the Cardinals in 1933 for $50,000, marking the beginning of a family dynasty. Michael’s father, Bill Bidwill, took over in 1971 and passed the torch to Michael after his passing in 2019. Under Michael’s leadership, the team has flourished both on and off the field.
Before taking the reins, Michael forged his own path, practicing law as a federal prosecutor for six years. This legal background, combined with his business acumen, has proven invaluable in navigating the complexities of running an NFL franchise.
Transforming the Arizona Cardinals
Since becoming the owner, Michael Bidwill has focused on elevating the Cardinals to new heights. He played a pivotal role in making State Farm Stadium (formerly University of Phoenix Stadium) a revenue powerhouse. Since its opening in 2006, the stadium has hosted three Super Bowls and sold out 100 consecutive games. Today, the venue generates an impressive $200 million annually.
On the field, the Cardinals have enjoyed significant success under Michael’s guidance. The team has clinched three division titles and secured five postseason victories. Beyond football, Michael’s leadership extends into the Phoenix business community, where he advocates for economic growth and development.
Michael Bidwill’s Net Worth and Family Legacy
With a net worth of $1.4 billion, Michael Bidwill stands as one of the most hands-on owners in the NFL. His fortune is deeply tied to the Cardinals’ success, including their state-of-the-art stadium and lucrative partnerships. The team’s valuation has soared to $4.3 billion in 2024, up from $3.8 billion the previous year, securing their position as the 29th most valuable franchise in the league.
Michael represents the third generation of Bidwills to own the team, a legacy that’s as rich as the franchise’s history. From its roots in Chicago to relocations in St. Louis and eventually Arizona, the Cardinals have remained a cornerstone of professional football.
Driving Revenue and Growth
The Cardinals’ financial growth is a testament to Michael Bidwill’s strategic vision. The team’s revenue stands at $546 million, with an operating income of $112 million. Shared league revenue accounts for 78.5% of the franchise’s valuation, thanks in large part to national TV media rights deals. Locally, partnerships like the multi-year agreement with Arizona’s Family as the team’s official television partner contribute significantly to their bottom line.
Michael Bidwill’s Impact Beyond Football
Michael’s influence extends well beyond the gridiron. As a respected NFL owner, he chairs two league committees and serves on several others. His philanthropic efforts focus on education, healthcare, and community development, making him a key figure in both the NFL and the broader Phoenix area.
Michael’s ability to balance business savvy with a genuine passion for football has earned him a reputation as a transformative leader. Under his stewardship, the Cardinals are not only a competitive team but also a cornerstone of the Phoenix community.
Looking Ahead
The Arizona Cardinals are kicking off the 2024 NFL season with strong momentum. As the oldest continuously run professional football franchise, they carry a legacy of resilience and growth. With Michael Bidwill at the helm, the team is poised for continued success both on and off the field.
In comparison to other NFL franchises, the Cardinals’ steady climb in valuation underscores their potential. While the Dallas Cowboys lead the league with an estimated worth of $10.1 billion, the Cardinals’ upward trajectory positions them as a team to watch.
Whether it’s securing major partnerships, fostering community development, or driving success on the field, Michael Bidwill’s leadership is shaping the future of the Arizona Cardinals. His vision and dedication ensure that the team’s legacy will endure for generations to come.
