Sports

$3.7 Billion Yankees Top Forbes' List Of Most Valuable MLB Teams Again

$3.7 Billion Yankees Top Forbes' List Of Most Valuable MLB Teams Again”

The Boston Red Sox were third at $2.7 billion, followed by the Chicago Cubs ($2.675 billion) and San Francisco Giants ($2.65 billion). That is a 10% increase over the $865 million the publication valued the Royals at previous year, fresh off their World Series victory. The Padres are one of 23 clubs worth at least $1 billion. The Dodgers are next at $2.75 billion, a 10% increase.

Overall, the Tigers are worth $1.2 billion, according to Forbes.

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Overall, the average MLB team is now worth $1.54 billion, a 19% increase over a year ago based largely on increased television revenue and the mushrooming value of Major League Baseball Advanced Media, which is the league's innovative tech division that both streams content online and creates cutting-edge statistical collection methods.

Why are baseball teams worth so much?

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Teams are also turning a profit everywhere you look these days, although a handful of teams are still operating in the red. Only the Los Angeles Dodgers ($20.5 million), Miami Marlins ($2.2 million), Baltimore Orioles ($2.1 million) and Kansas City Royals ($900,000) also lost money. They are worth an estimated $2 billion, up 21 percent from past year.

"Values were driven higher by new local television deals that are increasing at roughly a two-fold rate, surging profitability, and the escalating value of Major League Baseball Advanced Media, the Internet and technology arm of MLB", the magazine writes.

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John McCain (R-Ariz.) questioned Nunes' credibility and the House Intelligence Committee's ability to conduct its investigation. Nunes told reporters Tuesday he would not step down from the investigation in Russian interference during the USA election.

To those who say baseball is dead, I suppose the sport is being buried in a gold-plated casket.



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