If you own a MLB franchise, Forbes has good news
You're doing pretty darn good.
That's the bottom line on Forbes' 2008 MLB Team Valuations. According to a Forbes press release, the average franchise is worth $472 million. That represents a 9 percent incrase year-to-year.
The No. 1 valued team is, of course, the New York Yankees -- $1.3 billion. The rest of the top 10 (in millions): Mets ($824) Red Sox ($816), Dodgers ($694), Cubs ($642), Angels ($500), Braves ($497), Giants ($494), Cardinals ($484), Cardinals ($484) and Phillies ($481).
The Orioles are No. 18, worth an estimated $398 million. Here's the stat sheet on the O's. It shows that the team has the highest player expenses in its history ($103 million), increasing revenues but declining operating income.
But all in all, the conclusion is that it's good to be king. But you already knew that.
Comments
I imagine it would be safe to say, that he has made a very pretty penny on his initial $173 million dollar investmest.
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What, you're not getting that on your 401K.
-- Bill O.
Posted by: Captain Jack | April 17, 2008 4:29 PM
Bill, this is Off Topic, but Kind of On Topic.
Regarding that billionaire in LA who is hoping to build a new stadium in LA to lure an NFL team to move there. He said he doesnt expect an expansion team, but a team to move. I can't seem to figure out who would move? Most teams seem to be doing pretty well. I havent heard of any owners crying about wanting a new stadium recently, the ones who have, have gotten thier wish. Do you think this billionaiire is out of luck, or do you see some team moving there, say the rams or raiders again?
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Bobby,
Two teams come to mind ... most prominently, Jacksonville because of its market limitations and the Raiders.
-- Bill O.
Posted by: Bobby | April 18, 2008 8:48 AM