04/23: Forbes: Yankees Team Value Up 15% While 1/3 of Baseball Sees a Decrease
Posted by: Patrick
Forbes has released their annual list, detailing the value of all MLB franchises. The Yankees value rose 15%, the largest percentage gain of any team - by 4% - even though they were already the most highly valued franchise.
This moves the team's worth to $1.5 billion dollars. 10 teams (or 33% of the league) saw their value drop, with the worst drop being the Washington Nationals' fall of 12%. Additionally, 3 teams saw no change. Only 7 teams saw a gain of 5 of more percent - the Yankees, Mets, Rays, Cubs, Twins, Marlins and Brewers.
According to the Forbes survey, for the sixth consecutive year, the Yankees showed a loss in operating income. But, it was actually their best year of those six, as they lost only $4 million, versus last year's loss of $47 million. This up them as 29th in operating income, ahead of only the Detroit Tigers, who lost $26.3 million.
Via the AP.
This moves the team's worth to $1.5 billion dollars. 10 teams (or 33% of the league) saw their value drop, with the worst drop being the Washington Nationals' fall of 12%. Additionally, 3 teams saw no change. Only 7 teams saw a gain of 5 of more percent - the Yankees, Mets, Rays, Cubs, Twins, Marlins and Brewers.
According to the Forbes survey, for the sixth consecutive year, the Yankees showed a loss in operating income. But, it was actually their best year of those six, as they lost only $4 million, versus last year's loss of $47 million. This up them as 29th in operating income, ahead of only the Detroit Tigers, who lost $26.3 million.
Via the AP.
