Yankees’ worth ‘soars 18% to an MLB-best $7.1BILLION’ as teams continue to appreciate in value despite Bally Sports’ bankruptcy and uncertain future of regional cable networks
Despite uncertainty in the realm of regional sports networks, the value of Major League Baseball clubs is largely on the rise.
The New York Yankees have been named Forbes’ most valuable baseball team – with their value rising 18 percent since last season to a valuation of $7.1billion.
With the Steinbrenner family in charge, the Yankees have seen increased success and a growing gap to their rivals in the rest of the league.
The next closest team, the Los Angeles Dodgers, has a value of $4.8billion. The Boston Red Sox ($4.5bn) and the Chicago Cubs ($4.1bn) are the only other teams with valuations above $4bn
The San Francisco Giants, at a value of $3.7bn, round out the top five of teams in the Major Leagues.
The New York Yankees remain the most valuable team in all of Major League Baseball
But trouble at Bally Sports, a regional sports network brand, could bring issues for 2023
At the other end of the table, the Miami Marlins are the least valuable team in all of baseball with a worth of $1bn.
The next four teams – that round out the bottom five – are the Oakland A’s ($1.18bn), Cincinnati Reds ($1.19bn), Kansas City Chiefs ($1.2bn), and the Tampa Bay Rays ($1.25bn).
The team that experienced the most growth in value is the Seattle Mariners – whose value jumped 29 percent. The M’s also have the highest operating income of all MLB teams at $83.8million.
Seven teams experienced no growth at all: the Washington Nationals, the Minnesota Twins, the Arizona Diamondbacks, the Pittsburgh Pirates, the Cleveland Guardians, the Cincinnati Reds, and the Oakland A’s.
While there wasn’t an MLB team that lost value, there could be trouble on the horizon for those teams whose regional sports networks are owned by Diamond Sports Group – operating the RSN’s under the Bally Sports banner.
Diamond, one of the largest distributors of live sports in the country, recently declared bankruptcy. DSG and MLB have been assuring fans that they will not miss any games.
Fourteen of MLB’s 30 teams have regional syndication deals with Bally Sports – with the LA Angels the most valuable team signed to them.
| Rank | Team | Value (in $billions) | One-year Change | Operating Income (in $millions) |
|---|---|---|---|---|
| 1 | New York Yankees | 7.1 | 18% | 16.3 |
| 2 | Los Angeles Dodgers | 4.8 | 18% | 14.3 |
| 3 | Boston Red Sox | 4.5 | 15% | 71.6 |
| 4 | Chicago Cubs | 4.1 | 8% | 57.2 |
| 5 | San Francisco Giants | 3.7 | 6% | 74.9 |
| 6 | New York Mets | 2.9 | 9% | -138.5 |
| 7 | Los Angeles Angels | 2.7 | 23% | 35.8 |
| 8 | Atlanta Braves | 2.6 | 24% | 51.2 |
| 9 | Philadelphia Phillies | 2.575 | 12% | -3.7 |
| 10 | St. Louis Cardinals | 2.55 | 4% | 43.1 |
| 11 | Houston Astros | 2.25 | 14% | 44.3 |
| 12 | Texas Rangers | 2.225 | 9% | 58.1 |
| 13 | Seattle Mariners | 2.2 | 29% | 83.8 |
| 14 | Toronto Blue Jays | 2.1 | 18% | -33.7 |
| 15 | Chicago White Sox | 2.05 | 16% | -53.4 |
| 16 | Washington Nationals | 2 | 0% | 45.1 |
| 17 | San Diego Padres | 1.75 | 11% | -55.2 |
| 18 | Baltimore Orioles | 1.7 | 24% | 64.7 |
| 19 | Milwaukee Brewers | 1.6 | 25% | 22.1 |
| 20 | Colorado Rockies | 1.475 | 6% | -13.1 |
| 21 | Detroit Tigers | 1.45 | 4% | -29.5 |
| 22 | Minnesota Twins | 1.39 | 0% | -30.3 |
| 23 | Arizona Diamondbacks | 1.38 | 0% | 28.3 |
| 24 | Pittsburgh Pirates | 1.32 | 0% | 51.5 |
| 25 | Cleveland Guardians | 1.3 | 0% | 38.3 |
| 26 | Tampa Bay Rays | 1.25 | 14% | 9.5 |
| 27 | Kansas City Royals | 1.2 | 8% | 27.8 |
| 28 | Cincinnati Reds | 1.19 | 0% | -12.6 |
| 29 | Oakland A’s | 1.18 | 0% | 62.2 |
| 30 | Miami Marlins | 1 | 1% | -0.5 |
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