Forbes announced its 23rd annual Major League Baseball valuations, financial rankings of all of MLB’s teams.
The New York Yankees are #1 for the 23rd straight year, with a valuation of $5 billion. Los Angeles Dodgers, Red Sox, Chicago Cubs and San Francisco Giants round out the top 5 most valuable teams.
Check out the press release below from Forbes.com
NEW YORK – April 9, 2020 – Forbes today announced its 23rd annual MLB valuations, a ranking of the Major League Baseball’s 30 teams. The New York Yankees have remained in the top spot for 23 consecutive years, with a valuation of $5 billion, up 9% from last year. The Yankees generated $683 million in revenue last year, $127 million more than the Los Angeles Dodgers, the second most valuable team on this year’s ranking. The Dodgers, who are valued at $3.4 billion, earned $556 million in revenue over the last 12 months.
Rounding out the top five most valuable baseball teams are the Boston Red Sox (No. 3), the Chicago Cubs (No. 4) and the San Francisco Giants (No. 5), valued at $3.3 billion, $3.2 billion and $3.1 billion respectively. Forbes estimates that the average MLB team is now worth $1.85 billion, 4% more than last year. This is the smallest year-over-year increase since 2010, when the average MLB team value increased only 2%.
Despite having to postpone the 2020 season until at least June due to the COVID-19 health crisis, the MLB has reached an agreement with the player’s union on compensation for the 2020 season, creating some security for teams as they continue to pay stadium employees.
“Baseball team values have historically stood up well during bad economic times,” said Mike Ozanian, Forbes Assistant Managing Editor.
Revenue and operating income figures are for the 2019 season (including playoffs) and are net of revenue sharing, stadium debt payments. Team values are enterprise values (equity plus net debt). Revenue and expenses of team-owned real estate (stadiums, stores, parking lots, etc.) owned by the team are included in our valuations, but the value of the real estate itself is excluded.
For the full list, videos and more, visit www.forbes.com/mlb.