Wednesday, March 27, 2013

Forbes: Yankees Top Team Valued at $2.3 Billion

"Forbes has us on top? I will still not smile."

Forbes Magazine has released its list of Major League Baseball franchise worth, and to no surprise, the Yankees are on the top of the heap.

The average team is worth $744MM, an increase of 23% from last year and the largest increase Forbes began evaluating MLB clubs in 1998.  The Yankees are at the top of the heap with a value of $2.3 billlion.

Forbes' Mike Ozanian reports that league revenue is up 7% from 2012 (average of $227MM), while operations costs dropped 9%.

Television rights have been cited as the main reason for the increase in money. Mobil applications have also contributed as well as the sale by the league of the Washington Nationals.

Not only are the Yankees the most valued team in baseball (for the 16th straight year), they are also the most valuable team in any sport.

So maybe the Yankees could roll back ticket prices a little so fans have it a little easier when they want to see Mariano Rivera, Derek Jeter, Brett Gardner, and CC Sabathia.  Yeah, right.

Click here to see the complete Forbes article.

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