GaryMrMets
04-11-2003, 12:54 AM
Yankees Worth Twice as Much as 26 Other MLB Clubs
NEW YORK -- The New York Yankees are by far the most valuable team in baseball, worth more than twice as much as 26 of the other 29 clubs, according to a study by Forbes Magazine.
In a story for its April 28 edition, Forbes estimated the worth of the Yankees at $849 million -- $351 million more than the next-most valuable team, the New York Mets ($498 million).
The Boston Red Sox were third, at $488 million, followed by the Los Angeles Dodgers ($449 million) and the Atlanta Braves ($423 million).
According to Forbes, the most profitable team in baseball last year was the Seattle Mariners, who made $23.3 million. The Yankees were next at $16.1 million, followed by the San Francisco Giants ($13.9 million), the Baltimore Orioles ($12.4 million), the Chicago Cubs ($11.9 million) and the Mets ($11.6 million).
The Dodgers were the biggest losers, with an operating deficit of $25 million. Their owner, News Corp., is interested in selling.
The Texas Rangers were next at $24.5 million, followed by the Toronto Blue Jays ($23.9 million), the Arizona Diamondbacks ($22.2 million) and the Florida Marlins ($14 million).
The Montreal Expos were the least valuable team at $113 million. The Expos, who were bought by the other 29 teams for $120 million before the 2002 season, lost $9.1 million last year, according to Forbes.
Copyright 2003 The Associated Press and SportsTicker. The information contained in the AP news report and SportsTicker may not be published, broadcast, rewritten or otherwise distributed without the prior written authority of The Associated Press and SportsTicker. All active hyperlinks have been inserted by AOL.
NEW YORK -- The New York Yankees are by far the most valuable team in baseball, worth more than twice as much as 26 of the other 29 clubs, according to a study by Forbes Magazine.
In a story for its April 28 edition, Forbes estimated the worth of the Yankees at $849 million -- $351 million more than the next-most valuable team, the New York Mets ($498 million).
The Boston Red Sox were third, at $488 million, followed by the Los Angeles Dodgers ($449 million) and the Atlanta Braves ($423 million).
According to Forbes, the most profitable team in baseball last year was the Seattle Mariners, who made $23.3 million. The Yankees were next at $16.1 million, followed by the San Francisco Giants ($13.9 million), the Baltimore Orioles ($12.4 million), the Chicago Cubs ($11.9 million) and the Mets ($11.6 million).
The Dodgers were the biggest losers, with an operating deficit of $25 million. Their owner, News Corp., is interested in selling.
The Texas Rangers were next at $24.5 million, followed by the Toronto Blue Jays ($23.9 million), the Arizona Diamondbacks ($22.2 million) and the Florida Marlins ($14 million).
The Montreal Expos were the least valuable team at $113 million. The Expos, who were bought by the other 29 teams for $120 million before the 2002 season, lost $9.1 million last year, according to Forbes.
Copyright 2003 The Associated Press and SportsTicker. The information contained in the AP news report and SportsTicker may not be published, broadcast, rewritten or otherwise distributed without the prior written authority of The Associated Press and SportsTicker. All active hyperlinks have been inserted by AOL.