Thursday, April 19, 2007

MLB Finances: Yanks Get Richer [J. Mark English]

Forbes came out with their annual report on the what the total wealth of MLB teams are. Topping out the list with little surprise are the New York Yankees. They are worth a total of $1.2 billion which represents a 17 % increase over the past year.

For more on the report, check out Fox Sports:

The New York
Yankees' value increased 17 percent in the past year to $1.2 billion, Forbes magazine said Thursday in its annual estimates of franchise worth.

The Florida Marlins, given the lowest value at $244 million, had the highest operating income at $43.3 million, according to the magazine....

...The New York Mets were given the second-highest value ($736 million), followed by the Boston Red Sox ($724 million), the Los Angeles Dodgers ($632 million), the Chicago Cubs ($592 million), World Series champion St. Louis ($460 million), San Francisco ($459 million), Atlanta ($458 million) and Philadelphia ($457 million).

At the other end were Florida ($244 million), Tampa Bay ($267 million), Pittsburgh ($274 million), Kansas City ($282 million), Milwaukee ($287 million), Minnesota ($288 million) and Oakland ($292 million).

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