PITTSBURGH — Forbes magazine issued its annual ranking of all 30 Major League Baseball teams based on franchise value, with the Yankees the top ranked by a wide margin at $5.25 billion and the Pirates 22nd at $1.285 billion, the latter representing a 2% increase from the previous year.
The World Series champion Dodgers are a distant second at $3.57 billion, just ahead of the Red Sox at $3.465 billion. Two other teams, the Cubs and Giants, had valuations over $3 billion. The Mets, Cardinals, Phillies, Angels and Nationals round out the top 10. The Marlins are the least valuable at $990 million.
The total value of all 30 teams in $57.15 billion.
On that note, Forbes also listed the Pirates as showing a $21 million loss for 2020, this on revenue of $116 million. All 30 teams showed a loss for the pandemic-stricken year, topped by the Yankees’ $191 million. The team listed as having the smallest loss was Cleveland at $20 million.
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