Average MLB team is worth $2.2 billion


The average MLB franchise is now worth $2.2 billion, according to Sportico’s 2021 valuations, released on Friday.

The backdrop: “Every MLB team faced crushing losses in 2020, as combined team revenue plummeted $7 billion, or 67%,” Sportico’s Kurt Badenhausen and Peter J. Schwartz write.

Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for free

Top 5:

  1. Yankees ($6.75B)

  2. Red Sox ($4.8B)

  3. Dodgers ($4.62B)

  4. Cubs ($4.14B)

  5. Giants ($3.49B)

What to watch: “No control stakes of teams are actively being shopped, but potential buyers are circling the Baltimore Orioles,” they note.

More from Axios: Sign up to get the latest market trends with Axios Markets. Subscribe for free



Source link

Leave a Reply