With the recent announcement of the planned sale of the Kansas City Royals from current owner David Glass to a group led by Kansas City energy entrepreneur John Sherman, today’s graphic looks at the value of Major League Baseball teams.
At the start of this season, the Royals were worth just over $1 billion, according to an annual report published by Forbes in April. That ranked 28th out of the 30 teams in MLB.
The Royals had revenue of $244 million and operating income of $5.3 million, according to Forbes.
On the other side of the state, the St. Louis Cardinals reside in more rarified air in terms of franchise valuations. The Cardinals are worth about $2.1 billion, according to Forbes, with revenue of $356 million and operating income of $65 million.
Forbes based its ranking on teams’ enterprise values — that is, their equity plus net debt — considering “the economics” of their stadiums but not the value of stadium real estate. The rankings did not consider the equity value of team-owned sports networks.
The winningest franchise in baseball history is also MLB’s most valuable property, according to Forbes: The New York Yankees topped the list with a value of $4.6 billion. The Los Angeles Dodgers ($3.3 billion) and Boston Red Sox ($3.2 billion) rounded out the top of Forbes’ standings.
Florida’s teams occupied the cellar of the annual rankings, with the Tampa Bay Rays ranking 29th ($1.01 billion) and the Miami Marlins finishing 30th ($1 billion).