April 17, 200818 yr NEW 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. Forbes rankings for 2008 They claim that the Nationals now are the most profitable team, followed by the Marlins
April 17, 200818 yr one would think that value of the Marlins would increase considering the new stadium is on the way
April 17, 200818 yr Who's got the picture of that guy saying, "Oh no, not this sh*t again?!" Because that's how I feel when these threads come up.
April 17, 200818 yr Forbes makes these numbers up. They have no idea. I love how the second most profitable enterprise is valued among the lowest valued teams by Forbes.....
April 17, 200818 yr Author Forbes makes these numbers up. They have no idea. I love how the second most profitable enterprise is valued among the lowest valued teams by Forbes..... I've always thought that strange too. Then again most of the country has no idea a new stadium is coming. The PR people did a lousy job with getting the word out to the national media.
April 17, 200818 yr Forbes has no clue. Notice the word "estimate" in the article. They simply don't have access to pertinent financial information.
April 17, 200818 yr Forbes makes these numbers up. They have no idea. I love how the second most profitable enterprise is valued among the lowest valued teams by Forbes..... It seems to me their franchise valuations are probably based on overall revenues generated on not on revenue sharing pocketed.
April 17, 200818 yr The Marlins 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 Marlins estimate at about $92 million. The team also paid approximately $24 million in luxury tax, which is reflected in the operating loss. God, wouldnt that be the day! lol
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