Times are good, money-wise at least, for baseball. Major League Baseball hit record revenue levels in 2013, according to Maury Brown at Forbes.com. MLB will exceed the $8 billion mark for the first time and could reach as high as $8.5 billion, according to the report.
Revenue is up from last year’s mark, which exceeded over $7.5 billion.
From the Forbes report:
It was a very good year for Major League Baseball; as in historic. According to a source speaking on condition of anonymity, for 2013 MLB gross revenues will exceed $8 billion for the first time, ever. While exact figures were not revealed, baseball will end 2013 with revenues between $8-$8.5 billion.
Last year, revenues were above $7.5 billion. While attendance has been ostensibly flat for the league, the continuing growth in television revenue is a key reason for the rapid escalation.
And, it’s very possible that MLB could see revenues in the $8.5-$9 billion range by this time next year. The league will see revenues double for new broadcast deals with their national network partners FOX, ESPN, and TBS that will add an additional $788.3 million a year to the league’s coffers. [Forbes.com]
So not only are we seeing record money coming into MLB, it continues to escalate. Any talk of baseball fading into oblivion is severely overstated it would appear.
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