The New York Yankees and Major League Baseball teams are very valuable, none more than the Major League Baseball teams.
According to Forbes, the Yankees are the most valuable franchise in the league at $7.1 billion, an 18% increase from last year.
Since 1998, Forbes has been tracking MLB franchise values, and the Yankees have never relinquished their spot at the top.
The Yankees are a big-market team. New York Mets owner Steve Cohen is the richest owner in the sport. The Yankees are a global brand synonymous with MLB.
According to Forbes, the Yankees, owned by the Steinbrenner family, have an operating income of $16.3 million.
The Yankees are not the only franchise that is thriving at the moment. The average value for MLB teams went up by 12% to $2.32 billion this year. League revenue increased to a new all-time high of $10.3 billion, a 7.8% increase from the previous year.
The last season was the first year in a row that all 30 MLB clubs didn't have seating restrictions due to the COVID 19 pandemic, which helped teams no matter the market. The ticket revenue went up 64% to $2.4 billion, which includes postseason and spring training sales.
The average operating income was down 20% from 2021's $17.7 million, while the costs for players rose 13%.
The recent bankruptcy filing by Diamond Sports Group, which owns local media rights to 14 different teams, had an impact on some valuations.
Teams like the Yankees, which have their own regional sports network, YES Network, do well because of the market and fandom. According to Forbes, YES generates around $400 million in operating income.
The Los Angeles Dodgers have a second-place value of $4.8 billion, an 18% increase from last year.
The Boston Red Sox is $4.5 billion, 15% of Chicago Cubs $4.1 billion, 8% and San Francisco Giants $3.7 billion, 6% WARNER BROS. 6 is due to a $138.5 million operating loss. Cohen has the highest payroll in MLB and has a record of over $304 million, according to Spotrac. The Yankees have a projected $268 million payroll for 2023, according to the projections.
The Miami Marlins, estimated to be worth $1 billion under owner Bruce Sherman, was at the bottom of the list. The Oakland Athletics franchise, long in flux looking to relocate, is just above the Marlins' $1.18 billion.