Thursday
Apr232009

Yankees Most Valuable MLB Team, But One-Third Lose Worth

April 23, 2009: The New York Yankees top the list of most valuable teams, put at $1.5 billion, according to a new report from Forbes, and are one of 17 MLB teams to have shown an increase in value over the previous year. However, ten MLB teams dropped in value, three remained flat, and the Yankees were the only MLB franchise over the $1 billion mark compared to 19 NFL franchises which top that plateau. (The Dallas Cowboys at $1.6 billion and Washington Redskins at $1.5 billion lead Forbes' most recent NFL list.) The Yankees' crosstown rival Mets are second on the Forbes list, valued at $912 million, followed by the Boston Red Sox ($833 million), Los Angeles Dodgers ($722 million) and the Chicago Cubs ($700 million). Showing that MLB wealth is still largely in big city markets, six of the top ten teams were from New York, Los Angeles and Chicago. The bottom five, according to Forbes, were the Tampa Bay Rays ($320 million), Oakland A's ($319 million), Kansas City Royals ($314 million), Pittsburgh Pirates ($288 million) and Florida Marlins ($277 million). The teams that lost value versus the previous year were "led" by the Washington Nationals, which dropped in value by 12% to $406 million; and the Atlanta Braves, which were down 10% to $446 million. The Yankees and Mets, which both opened new stadiums in 2009, showed the most gain in value (15% and 11%, respectively), followed by Tampa 10%) riding the wave of winning the American League championship and making it to the first World Series in franchise history

Rank/Team Value($M)/1-Yr. % Change

1. New York Yankees $1,500/15%
2. New York Mets $912/11%
3. Boston Red Sox $833/2%
4. Los Angeles Dodgers $722/4%
5. Chicago Cubs $700/9%
6. Los Angeles Angels of Anaheim $509/2%
7. Philadelphia Phillies $496/3%
8. St Louis Cardinals $486/0%
9. San Francisco Giants $471/-5%
10. Chicago White Sox $450/2%
11. Atlanta Braves $446/-10%
12. Houston Astros $445/-4%
13. Seattle Mariners $426/-9%
14. Washington Nationals $406/-12%
15. Texas Rangers $405/-2%
16. San Diego Padres $401/4%
17. Baltimore Orioles $400/0%
18. Cleveland Indians $399/-4%
19. Arizona Diamondbacks $390/3%
20. Colorado Rockies $373/1%
21. Detroit Tigers $371/-9%
22. Minnesota Twins $356/9%
23. Toronto Blue Jays $353/0%
24. Milwaukee Brewers $347/5%
25. Cincinnati Reds $342/2%
26. Tampa Bay Rays $320/10%
27. Oakland Athletics $319/-1%
28. Kansas City Royals $314/4%
29. Pittsburgh Pirates $288/-1%
30. Florida Marlins $277/8%

Source: Forbes (Full chart here)

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