Summer is here which means America’s favorite pastime is in full swing. Every year, Forbes publishes its list of most valuable Major League Baseball (MLB) teams based on its own, somewhat complex, methodology. According to Forbes, here’s a look at the top five most valuable teams and some of the reasons for their success.
#1 - New York Yankees
The Yankees rank first and are currently worth about $6 billion. This probably comes as no surprise to many, with the team's impressive record of 27 World Series titles, 40 American League championships and 19 East Division titles. Based in the country's largest metropolitan market, the Yankees draw fans from all over the world. The list of famous Yankees is quite long, including greats like Lou Gehrig, Babe Ruth, Mickey Mantle, Yogi Berra, Derek Jeter and many more.
#2 - Los Angeles Dodgers
The second largest metro area in the country is also home to the second most valuable MLB team. Having won the World Series in 2020 and the National League in 2020, 2018, and 2017, the Dodgers have been on a very successful run as of late. Their value has almost tripled since 2012, skyrocketing from about $1.4 billion to $4.075 billion today.
#3 - Boston Red Sox
Currently valued at $3.9 billion, the Boston Red Sox are the third most valuable team, according to Forbes. They have consistently performed as a top team throughout their franchise history, with 9 World Series titles, 14 American League Pennants, and 10 AL East Division titles. With the team's rich history dating back to 1901, it's no wonder fans continue to flock to Fenway Park to watch one of the most popular teams in baseball.
#4 - Chicago Cubs
This is a great story of asset appreciation. The Ricketts family bought the Cubs in 2009 for $846 million, and today, the team is worth $3.8 billion – more than quadrupling their investment. The franchise's fabled history, the Cubs' 2016 World Series win (which broke their 108 year dry spell) and the iconic Wrigley Field ballpark all play a role in the team’s success.
#5 - San Francisco Giants
The Giants’ franchise value has grown exponentially over the past 20 years, now standing at about $3.5 billion. They play with consistency, winning three recent World Series in 2010, 2012, and 2014 and also having the best record in baseball in 2021. Additionally, the Giants are one of the longest-standing MLB teams having great legends like Barry Bonds, Willie Mays, and Willie McCovey.
Where does your favorite team rank? Click here for the full listing. For Minnesota fans, the Twins ranked #19/30 with a valuation of $1.39 billion.
This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.
This page contains links to third-party company websites. By selecting a link, you will be leaving our website and launching a new browser window. These links are provided for informational purposes only and should not be viewed as an endorsement, sponsorship, solicitation or other affiliation with respect to any third parties. Neither Lee Stoerzinger Wealth Management nor United Planners Financial Services have reviewed the content of, and are not responsible for, the information or the results of the third-party websites.