Boston Red Sox Valued at $3.3 Billion
NEW YORK – (Staff Report from Official News Release) – Forbes posted its 23rd annual MLB franchise valuations, a ranking of the projected value of Major League Baseball’s 30 teams. The New York Yankees 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%.