Baseball Musings
Baseball Musings
April 19, 2007
Team Values

Forbes publishes their annual value of major league teams. Maury Brown criticizes the piece here. I'm somewhat surprised at the debt level of the Yankees, but that does include the new stadium. Given that Steinbrenner's group paid $20 million for the team in the early 1970s, and it's worth $1.2 billion now, you'd think they had a lot more equity. But they've invested well, not only in players who help them win, but in media as well. The Yankees are also the only team with an operating deficit.


Posted by David Pinto at 06:53 PM | Owners | TrackBack (0)
Comments

The depressing thing about that report was reading how much money the Marlins and Pirates are making.
The current CBA/revenue sharing agreement in baseball may be creating a situation similar to what the Clippers were in the NBA for 20 years: little incentive to spend much or win, because you'll at least make 15-20 million a year anyway by being tight-fisted with your money.
Obviously, the Marlins quickly and vehemently denied the Forbes report that put their profit at a league-best 43 million. It doesn't make them look good to be tight-fisted with cash while the ownership is making money hand over fist. Especially when you consider that they were within striking distance of the playoffs last year (perhaps one key free agent expenditure could've gotten them over the hump, and clearly they had the money for it).

Posted by: notsellingjeans at April 20, 2007 12:56 AM
Post a comment









Remember personal info?