July 16, 2012

Unsurprising news from Forbes: Yankees are most valuable baseball team

The Yankees are huge nationally, but not globally.

Soccer teams Manchester United ($2.23 billion) and Real Madrid ($1.88B) are the only two teams that are more valuable than the Yankees, according to Forbes' annual rankings. The Yankees are tied for third on the  list with the Dallas Cowboys, both valued at $1.85B.

Here are the details on the Yankees from Forbes:
The Yankees are just part of a money making machine that also includes the YES Network and Legends Hospitality. YES, the team's 34%-owned regional sports channel, is the most profitable RSN in the country with operating income of more than $200 million. Legends, the stadium management and concessions company owned by the Yankees, Dallas Cowboys and Goldman Sachs, signed a deal last year to sell season tickets at the San Francisco's 49ers new stadium. The enterprise value for the Yankees, YES and Legends is estimated to be $5.5 billion.
The next most valuable baseball teams are the Los Angeles Dodgers ($1.4B, tied for sixth) followed by the Boston Red Sox ($1B, 24th). 

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