MLB Team Valuations - Bloomberg
J Thoendell stashed this in Sports
The New York Yankees are worth $3.3 billion, making them the sport’s most-valuable enterprise. The Los Angeles Dodgers rank second with a value of $2.1 billion.
“Major League Baseball is catching up to valuations of the National Football League,” Anthony Di Santi, the managing director of the sports finance advisory division of New York-based Citigroup Inc.’s private bank, said at the Bloomberg Sports Business Summit on Sept. 10. “It’s because they’ve been exploiting the media opportunities that are available to them on a national level.”
He said regional sports networks also play a role when valuing teams. The Dodgers were sold in April 2012 for $2.15 billion to an affiliate of Guggenheim Partners LLC, a New York-based investment management firm with more than $190 billion in assets under management. Di Santi said the transaction price was influenced by the potential creation of a new cable TV network, and increased franchise values across MLB.
Ten teams are worth more than $1 billion.
In other words, it's increasingly hard for baseball teams to be owned by rich individuals and families.
They're too expensive and are now fodder for investment management firms.
That's a really bad sign. Once they're run for pure profit they lose some of the magic.