The St. Louis Cardinals and Kansas City Royals are Major League Baseball’s 8th and 29th most valuable teams, respectively, according to Forbes‘ annual valuations.
The Cardinals, last year’s National League champions, are worth an estimated $820 million, marking an increase of 15 percent over last year’s valuation. The team had revenue of $283 million and operating income of $65.2 million in 2013 while drawing 3.3 million fans to Busch Stadium, the second-highest attendance figure in the league.
The Royals were valued at $490 million, the second-lowest figure in baseball. That figure was up 6 percent after the team posted its best record in 24 years last season, and local television ratings spiked 71 percent. The Royals reported revenue of $178 million and an operating loss of $6.5 million million in 2013.
The New York Yankees, at $2.5 billion, were easily baseball’s most valuable franchise. The Los Angeles Dodgers reached the $2 billion plateau as well, and three other clubs — the Boston Red Sox, Chicago Cubs and San Francisco Giants — were valued at $1 billion or more.