Yankees rated MLB's most valuable team at $7.1B | Inquirer Sports

Yankees rated MLB’s most valuable team at $7.1B

/ 07:25 PM March 24, 2023

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FILE–Manager Aaron Boone #17 of the New York Yankees. Julio Aguilar/Getty Images/AFP 

The New York Yankees remained atop the list of Major League Baseball’s most valuable franchises, it’s $7.1 billion price tag an 18% jump from last year, Forbes magazine reported Thursday.

The annual list of MLB team values came a week before the start of the 2023 campaign and showed the Yankees atop MLB’s 30 clubs as they have been every year since Forbes began the ratings in December 1998.

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The new figures boost the Yankees above a $6 billion valuation that was fourth overall last September in the Forbes list of all richest sports teams. The new mark would trail only the NFL Dallas Cowboys at $8 billion from six months ago.

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Manchester United was listed 19th overall last September by Forbes at $4.6 billion with current bids for the English Premier League side said to be in the $5.5 billion range — what would be a record price paid for a sports team.

The average MLB team rose 12% in value according to Forbes to $2.32 billion after league revenue jumped 7.8% to a record $10.3 billion in 2022.

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Ticket revenue jumped 64% to $2.4 billion while operating income was down 20% from the previous season to an average of $17.7 million per team as player costs rose 135 to $5.2 billion, Forbes reported.

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The Yankees benefit from having the largest regional sports television network in the United States.

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A dispute over regional sports network rights fees for the Washington Nationals and Baltimore Orioles has hindered a potential sale of the Nationals, valued at $2 billion by Forbes — 16th overall.

The Los Angeles Dodgers rank second on the MLB franchise value list at $4.8 billion followed in order by the Boston Red Sox at $4.5 billion, the Chicago Cubs at $4.1 billion, the San Francisco Giants at $3.7 billion, the New York Mets at $2.9 billion and the Los Angeles Angels at $2.7 billion.

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At the bottom of the 30-team list were the Miami Marlins at $1 billion with the Oakland A’s, considering a move to Las Vegas, 29th overall at $1.18 billion. The Cincinnati Reds were at $1.19 billion with the Kansas City Royals at $1.2 billion.

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