Posted October 23, 2013

No surprise: Yankees are most valuable MLB franchise

MLB
Hal Steinbrenner's Yankees  are worth more than $1 billion more than the next most valuable franchise in baseball. (Jason Szenes/Getty Images)

Hal Steinbrenner’s Yankees are more than $1 billion more valuable than any other franchise in baseball. (Jason Szenes/Getty Images)

The Yankees are worth $3.3 billion, according to a Bloomberg report, easily making them the most valuable franchise in baseball. The Dodgers are second at $2.1 billion.

“Major League Baseball is catching up to valuations of the National Football League,” said Anthony Di Santi, the managing director of the sports finance advisory division of Citigroup’s private bank, at the Bloomberg Sports Business Summit on Sept. 10. “It’s because they’ve been exploiting the media opportunities that are available to them on a national level.”

While the top MLB teams rank comparably to the top NFL clubs, according to this Forbes report, only 10 of the 30 MLB teams are worth more than $1 billion, while the average NFL franchise is valued at $1.17 billion.

But MLB teams are cashing in on lucrative cable TV deals, as 14 have a stake in regional sports networks, including nine of the 10 valued at more than $1 billion. The Mets’ 65 percent stake in SportsNet New York has the largest valuation of any team at $1.2 billion.

VERDUCCI: World Series preview

The Tampa Bay Rays, at $530 million, are the least valuable team in the league. But money doesn’t always buy wins; only two of the 10 most valuable franchises made this year’s playoffs.

Here’s the top 10:

1. New York Yankees $3.3 billion

2. Los Angeles Dodgers $2.1 billion

3. Boston Red Sox $2.06 billion

4. New York Mets $2.05 billion

5. Chicago Cubs $1.32 billion

6. San Francisco Giants $1.23 billion

7. Baltimore Orioles $1.12 billion

8. Los Angeles Angels of Anaheim $1.09 billion

9. Philadelphia Phillies $1.04 billion

10 Texas Rangers $1.01 billion


10 comments
JeffJohnson4
JeffJohnson4

I would not trade the St. Louis Cardinals MLB franchise for all 10 of those loser teams. That's right, the history and regional dominance of the Cardinals is worth a lot more than 10 billion. Baltimore Orioles are the old (infamous) St. Louis Browns; what a long-term loser franchise. The only team in the whole top 10 with any class is the Red Sox. Yankees are the most over rated franchise in all of Professional Sports. The Yankee's great ? Yawn..Yawn....the Cardinals are slowly catching up with the Yankees, over the last seven decades, as the (future) most dominant club in the MLB, despite they play in a city that is about 1/4th to 1/5th of the size of Metro New York, with a payroll of less than one-half. Is the valuation based upon "net income" potential or some BS type notion of "goodwill". 

Joe109
Joe109

What happened to the White Sox, they were in the top ten a few years ago. This just makes me even more depressed.

JimKirkwood1
JimKirkwood1

Most valuable, yes

Most class, no

Watching them lose, priceless

duckfan59
duckfan59

....and still can't make the playoffs. ha!

Michael223
Michael223

they are worth as much as somebody will pay for them

William27
William27

pretty disgusting if you happen to care what I think !

Rickapolis
Rickapolis

They're worth more dollars than there are in heaven. 

JoeCabot
JoeCabot

@duckfan59 Good one.  You sure told them.  Now maybe you can explain what the valuation of a team has to do with making the playoffs.   Oh, and FYI....playoffs in 17 of the last 19 years is not a bad record.

JoeCabot
JoeCabot

@William27 The value of a business disgusts you?   Wow.  Some of you folks will complain about anything.