Yankees worth MLB-best $3.7 billion

The Yankees, who previous year missed the postseason for the third time in four seasons, saw their revenue rise 2 per cent to an MLB-high $526 million, according to Forbes. In spite of that, the league's overall financial outlook looks promising.

While Forbes estimated that the Padres' revenue increased 6.1 percent previous year to $259 million, the magazine also says operating income declined 30.7 percent to $22.8 million, a range last seen in 2011. Forbes says values increased because of new local television deals, as well as a "surge in profitability". All 30 teams share an equal percentage of ownership over the digital platform.

The Los Angeles Dodgers, who have baseball's highest payroll, are second on the list, and are worth an estimated $2.75 billion.

Just below the Red Sox are the defending World Series champion Chicago Cubs at $2.675 billion. Combined, they add between $400 million and $500 million to each team's value, so the Rays' franchise could be worth as little as $325 million on its own.




The Mets are ranked No. 6 at $2 billion, up 21 percent from 2015 compared to the 9 percent jump for the Yankees.

Of course, the Ricketts have a ways to go until they match the value increase the Steinbrenner family has seen in the Yankees.

The New York Yankees are now worth $3.7 billion. He bought the franchise for $10 million.

But values can be tricky to peg because the prestige associated with a sports franchise and the scarcity of franchises available to purchase can drive up prices.

(Copyright © 2015. All Rights Reserved.)
 
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