04/17: Forbes: Yankees Value Up 9% to $1.306 Billion
Forbes has
released their annual baseball team worth estimates. The
rankings show the Yankees in first by a healthy $482 million, at $1.306 billion. Second is the Mets at $824 million, followed by the Red Sox at $816 million.
Via
Bryan Hoch.
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James wrote:
"The Yankee brand (the portion of the team's value attributable to its name) alone is worth $241 million, almost as much as the entire Florida Marlins franchise. When the Yankees move into their new stadium in 2009 the team will be worth at least $1.5 billion because of the rich bounty of sponsorship and premium seating revenue.
...
In 2007 only three teams--Blue Jays ($1.8 million), Red Sox ($19.1 million), Yankees ($47.3 million)--posted an operating loss. But even those losses are misleading. For the owners of the Yankees and Red Sox, the huge dividends they get from their unconsolidated cable networks more than make up for the teams' losses."
That being said, since MLB is so closed-fisted with their books, you never can tell how much of this data is fact and how much is simply educated guesswork.