Yankees Most Valuable Franchise in MLB at $5 Billion, Forbes Estimates
Last week Forbes ranked the Yankees as the most valuable MLB franchise at $5 Billion.
The New York Yankees are the most valuable franchise in Major League Baseball, according to Forbes' annual rankings released on Thursday.
Worth an estimated $5 billion, New York experienced a nine percent increase from the club's valuation 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," Forbes reported.
Only the Dallas Cowboys are worth more than the Yankees across all professional sports. New York has held the No. 1 spot among MLB franchises every year since Forbes' rankings began in 1998.
In third place, the Red Sox are valued at $3.3 billion. Then sit the Chicago Cubs (3.2 billion) and San Francisco Giants ($3.1 billion). Forbes estimates that the average MLB team is valued at $1.85 billion – up four percent from last year.
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Baseball and Yankee fans often talk about the failures of the Yankees over the last decade, having not won a World Series since they defeated Philadelphia in 2009. However they always have a winning team and have been in the play offs seven of the last ten years. And so as a die hard Yankees fan, it is nice to see that their business model is extremely successful as well.
Unlike many Yankee fans, I do not subscribe to the theory that unless they make the World Series or better to win it, the season is a failure. They play 162 games over six months and they are a very entertaining team to watch, always playing winning baseball. I want them to win it all, but I do not consider a season a failure without the ultimate prize, but obviously, that’s just me…….