NEW YORK – Major League Baseball could require around $ 2.2 billion for an expansion team, although there are no plans to add one or more new clubs at this time.
Commissioner Rob Manfred spoke online via SporticoLive on Tuesday regarding estimates of team evaluations.
The company estimated the average value of an organization at $ 2.2 billion, with the New York Yankees number one at $ 6.75 billion.
Colorado and Miami paid $ 95 million each to join the major leagues in 1993; five years later, the price was $ 130 million for Arizona and Tampa Bay.
Manfred has repeatedly said that MLB will not consider an expansion until athletics and rays come to new stadiums.
The A’s have proposed a stadium in the Howard Terminal area of downtown Oakland.
The Rays have said they will explore the idea of a split season between the Tampa Bay area and Montreal starting in 2028, after the Tropicana Field lease expires.
No plan is complete.
Manfred was mentioned as candidate cities for expansion Montreal, Charlotte, Las Vegas, Nashville, Portland and Vancouver.
“If these assets are actually worth an average of $ 2.2 billion, it’s a bit of a starting point when it comes to considering expansion opportunities,” Manfred said.
“From the existing owner’s perspective, the extension is not just an addition,” he said. There are huge shared revenue streams that have been diluted (with 32 clubs and not 30) – if it was a result of the expansion, it must also be taken into account. ”
– Associated Press
The Canadian Press