A large baseball team costs even more, even with the pandemic

A large baseball team costs even more, even with the pandemic

The loss suffered during the COVID-19 pandemic did not affect the value of baseball teams in major leagues, on the contrary, and business people who want the major leagues to return to Montreal may have noticed.

• Also read: Shared custody: the rays encouraged by the progress in Montreal

• Also read: Return of the Expos: Legault open to fund a baseball stadium in Montreal

• Also read: Baseball: not for the public to pay for billionaires

Thus, the magazine “Forbes” on Monday published its annual ranking of the licenses for the Manfred district, whose total value has increased by 3% compared to 2020, despite the presentation of a shortened season last year. At the top of the hierarchy is the New York Yankees at $ 5.25 billion, one of three North American teams worth at least $ 5 billion; the other two are the Dallas Cowboys ($ 5.7 billion) and the New York Knicks ($ 5 billion).

The champions of the most recent world series, the Los Angeles Dodgers, are number two at $ 3.570 billion, followed by the Boston Red Sox ($ 3.465 billion dollars), the Chicago Cubs ($ 3.360 billion dollars) and the San Francisco Giants ($ 3.175 billion). The 5 best clubs have all registered a value increase of 5% in the last year.

At the heart of a shared storage project with Montreal, the Tampa Bay Rays occupy the penultimate position with a total of 1.055 billion dollars. According to “Forbes”, this is the only retailer that has not had an increase of at least 1%. They are just ahead of the Miami Marlins ($ 990 million), the only major team under $ 1 billion. For its part, the Toronto Blue Jays are in the middle of the field, in 15th place. They are worth $ 1.675 billion dollars, up 3%.

The explanation

The magazine recalled that the strong demand for baseball clubs, especially in key markets, has helped increase the value of existing organizations. He mentioned, among other things, the sale of the New York Mets to Steve Cohen for 2.42 billion dollars. However, they announced an operating loss of $ 125 million last season.

Nevertheless, the absence of supporters in the stands created significant gaps in the box. The 30 major baseball clubs lost a total of $ 1.8 billion in revenue (before interest, taxes, depreciation and amortization), against a profit of $ 1.5 billion in 2019. The new broadcasting deal with Walt Disney (ESPN), on the other hand. , should mean good news for the league. From 2022 to 2028, average income is expected to rise 19%.

Major League Baseball Team Value

1- New York Yankees, $ 5.25 billion

2- Los Angeles Dodgers, $ 3.570 billion dollars

3- Boston Red Sox, $ 3.465 billion

4- Chicago Cubs, $ 3.360 billion dollars

5- San Francisco Giants, $ 3.175 billion

15 – Toronto Blue Jays, $ 1.675 billion dollars

29- Tampa Bay Rays, $ 1.055 billion dollars

30- Miami Marlins, $ 990 million

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