Mar 23, 2023
Once again, the New York Yankees are by far the most valuable team in Major League Baseball.
Forbes’ annual list of MLB team valuations was released Thursday, one week before Opening Day. While there are plenty of financial questions surrounding the league — especially after Diamond Sports Group essentially filed for bankruptcy earlier this year, putting the regional sports network model at even more risk than it already was — team values largely went up. On average, team values increased about 12% over last year. Revenue is up almost 8%, too.
The Yankees still top the list and are now worth $7.1 billion. That’s up 18% from last year. By comparison, the Dallas Cowboys were valued at about $8 billion last fall, which made them the most valuable sports franchise in the United States. The Golden State Warriors are worth $7 billion, which tops the NBA’s latest list. The New York Knicks are second at $6.1 billion, and the Los Angeles Lakers are third at $5.9 billion.
Source: Yahoo Sports