Quote :

"Forbes: Yankees worth $1.3 billion 7 hours, 19 minutes ago Buzz Up PrintNEW YORK (AP)—The New York Yankees’ value increased to $1.306 billion over the past year, according to the annual estimates by Forbes magazine, a rise of 9 percent over the past year. The New York Mets were second at $824 million and the Boston Red Sox third at $816 million, the magazine said Wednesday. After that, there was a big gap to the Los Angeles Dodgers ($694 million) and the Chicago Cubs ($642 million). The Yankees were listed by Forbes as having $327 million in revenue last year and a $47.3 million operating loss, up from a $25.2 million loss on revenue of $302 million the previous year. Forbes’ revenue figure is after deducting revenue sharing payments, which the Yankees estimate at about $92 million. The team also paid approximately $24 million in luxury tax, which is reflected in the operating loss. The Mets had an operating profit of $32.9 million, according to Forbes. Boston, according to Forbes, had a $19.1 million operating loss. Both New York teams are planning to move into new ballparks in 2009, which should significantly increase their revenues. At the bottom, the three teams with the lowest values were Florida ($256 million), Tampa Bay ($290 million) and Pittsburgh ($292 million). Forbes estimated the Marlins had an operating profit of $35.6 million, the Rays $29.7 million and the Pirates $17.6 million. Washington had the highest estimated operating profit at $43.7 million. Forbes said the average operating profit in the majors was $16 million. "

4/17/2008 2:03:24 AM

Not surprised. All the transplants go to the games, just to watch their favorite teams wail on the Nats (I'm waiting for the Cards in June). You don't need a high powered team for that.

4/17/2008 2:15:37 AM

The team also got a sweetheart deal in not having to pay anything to build the ballpark (the Lerners say they put in money for add-on amenities, but the ballpark was built by the City), and have a tiny payroll. Most fans come via metro, and DC paid for the station improvements as well. This means limited parking the team has to worry about, and the parking that is there is $$$. Everything at games is fairly expensive because of the DC market. Now if they would just invest some of that into the team...

4/17/2008 2:55:41 AM

Yeah. I love the Nats. To bad they have the worst record in the NL.

[Edited on April 17, 2008 at 3:17 AM. Reason : too]

4/17/2008 3:17:37 AM

They're still relatively new to the area, they're in a new ballpark and their payroll is something like $87. This shininess will wear off in a year or two and they'll be the Expos again: not spending money and not making any, either.

[Edited on April 17, 2008 at 3:27 AM. Reason : ]

4/17/2008 3:21:13 AM

they have a gorgeous stadium though....new club seats

6/26/2008 9:54:52 AM

^looks like that was taken from pretty close to my seats on the club level (I'm in a season ticket club)

6/26/2008 10:21:58 AM