Report: Average MLB Team Worth $1 Billion
MIAMI (CBSMiami) – The values of professional sports franchises has been accelerating at a breakneck speed in recent years, especially in the NFL. But Major League Baseball teams are no slouches when it comes to breaking the bank.
According to Bloomberg News, the New York Yankees are once again the most valuable baseball franchise with a value of $3.3 billion. The Los Angeles Dodgers are ranked second with a value of $2.1 billion.
All total, Bloomberg found that the average value of a Major League Baseball franchise is roughly $1 billion, or more than 35 percent higher than recent estimates.
So where did the Miami Marlins rank in the list of franchises?
The Marlins, according to Bloomberg, have a total value of $595 million. The breakdown came with a team value of $484 million, no value for a Regional Sports Network or any Related Business; and $110 million from MLB Advanced Media, according to Bloomberg.
Diving deeper into Bloomberg’s valuation of the Marlins finds the team had revenue of $200 million, 22nd best in the league. The Fish also pulled in $65 million in gate receipts, good for 14th in the league. The Marlins had concessions sales of $12 million, $64 million in media rights and a total attendance of 1.6 million.
The Marlins also received the fourth most revenue sharing money in MLB at $32 million. The revenue sharing money has been a source of contention for the Marlins after financial documents showed the team was turning profits thanks to that money, but it was not being invested into the team.
The least valuable franchise was the Tampa Bay Rays with a value of $530 million. The Rays were last in revenue, next to last in gate receipts, last in concession sales, and last in attendance.