Yankees named most valuable MLB team by Forbes
In a new list released by Forbes, the New York Yankees are named MLB’s most valuable team.
When you think of the most valuable teams in Major League Baseball, a couple of teams come to mind. And if you guessed the New York Yankees owned the top spot (again), you’d be right. At least, according to Forbes magazine.
The magazine notorious for ranking the values of sports teams noted the the average MLB team is worth $1.54 billion, according to their website. That’s a 19% jump from a year ago. But the Yankees have surpassed that number, with a worth of $3.7 billion. This is the 20th edition of MLB’s most valuable team from Forbes, and the 20th time the Yankees have topped the field.
Backed by the Steinbrenner family, the Yankees have been the gold standard in terms of value for years. But a lot of factors go into determining exactly how much a team is worth. Things such as new TV deals, increased value of MLB Advanced Media, the internet, and annual revenue all go into figuring out where each team stands. Here’s a rundown of where a few of the top teams stand.
- New York Yankees, $3.7 billion
- Los Angeles Dodgers, $2.75 billion
- Boston Red Sox, $2.7 billion
- Chicago Cubs, $2.68 billion
- San Francisco Giants, $2.65 billion
- New York Mets, $2 billion
- St. Louis Cardinals, $1.8 billion
- Los Angeles Angels of Anaheim, $1.75 billion
- Philadelphia Phillies, $1.65 billion
- Washington Nationals, $1.6 billion
The Chicago Cubs had a big jump over the last year, although winning your first World Series in 108 years has a way of helping. The Houston Astros checked in at 13, with $1.45 billion. This is up a couple of spots, even though ticket prices have gone up over the last few seasons.
Next: Watch the Cubs raise the 2016 World Series banner
As a side note, the Dodgers reported a hefty $20.5 million operating loss last season, second only to the $36.4 million loss turned in by the Detroit Tigers.