Baseball for the Thinking Fan

Login | Register | Feedback

You are here > Home > Baseball Newsstand > Discussion
Baseball Primer Newsblog
— The Best News Links from the Baseball Newsstand

Thursday, March 23, 2023

Baseball’s Most Valuable Teams 2023: Price Tags Are Up 12% Despite Regional TV Woes

The average MLB team value is up 12% this year, to $2.32 billion. During the 2022 season, revenue (net of stadium debt service) increased 7.8%, to an all-time high of $10.3 billion. The top-line gain was driven by a 64% increase in ticket revenue (including postseason and spring training), to $2.4 billion (the 2021 season started with nearly all ballparks under capacity restrictions) and a 35% increase in premium seating (suites and club seating) revenue, to $$1.16 billion. But operating income (in the sense of earnings before interest, taxes, depreciation and amortization) came in at an average of $17.7 million per team, down 20% from the previous season as player costs (salaries, bonuses and benefits) rose 13%, to $5.2 billion, and an increase in SG&A expenses.

Among the league’s 30 teams, geography and regional sports network economics played pivotal roles in our valuations, especially with the recent bankruptcy filing of Diamond Sports Group, which has the local media rights to 14 of MLB’s 30 teams. The Angels benefit from being in southern California—where, like in New York, Chicago and Boston, buyers are willing to play a premium price—and are televised on Diamond Sports Group’s Bally Sports West, a profitable RSN that’s unlikely to cut its $112 million rights fee to the team when it emerges from bankruptcy.

RoyalsRetro (AG#1F) Posted: March 23, 2023 at 12:51 PM | 7 comment(s) Login to Bookmark
  Tags: forbes

Reader Comments and Retorts

Go to end of page

Statements posted here are those of our readers and do not represent the BaseballThinkFactory. Names are provided by the poster and are not verified. We ask that posters follow our submission policy. Please report any inappropriate comments.

   1. Walt Davis Posted: March 23, 2023 at 02:39 PM (#6121177)
Read a story the other day that Jordan is thinking of selling all or part of the Hornets. The article mentioned that he (or his group, I don't follow NBA ownership) paid $180 M for the team in 2010. Current valuation reported $1.7 B. That's a 900% increase in 13 years. Now I assume that can't quite really be true -- i.e. surely he bought it for $180 M and taking on $500 M in debt or something, right? Right????? -- but I'd say sports is OK. Or maybe Forbes is incompetent. :-)

I do have doubts about that $1.7 B unless there's a lot of real estate involved maybe -- the Hornets are worth more than half the MLB teams?
   2. Steve Parris, Je t'aime Posted: March 23, 2023 at 02:59 PM (#6121180)
I think it was his stake that was $180 million. ESPN reported that the Hornets sold for $275 million.

This was early 2010 and it was a very cheap time to buy NBA teams. The cloud of the recession and difficulty to obtain financing were the big macro factors, obviously. But this was also a few years before a big jump in TV revenue. In 2011, the Sixers and Pistons sold for not much more than the Hornets. Things started going nuts in 2014, when the Clippers sold for $2B.
   3. RoyalsRetro (AG#1F) Posted: March 23, 2023 at 03:21 PM (#6121183)
David Glass bought the Royals for $96M in 2000 and sold them in 2019 for $1B.
   4. the Hugh Jorgan returns Posted: March 23, 2023 at 09:49 PM (#6121233)
he article mentioned that he (or his group, I don't follow NBA ownership) paid $180 M for the team in 2010. Current valuation reported $1.7 B. That's a 900% increase in 13 years. Now I assume that can't quite really be true

All I know, from what we here from just about every team, is that it is very, very, very expensive to run one of these things as they seem to lose money every year!
   5. kirstie819 Posted: March 24, 2023 at 03:02 AM (#6121237)
Discrete GPUs, on the other hand, are separate components and are better suited for more intensive tasks like gaming and video editing. It’s important to find a GPU that fits your budget and provides you with the performance you need.
   6. ERROR---Jolly Old St. Nick Posted: March 24, 2023 at 11:28 AM (#6121257)
JFC with all the legitimate Primates that Furtado's banned, how are these bot spammers still around?
   7. Starring Bradley Scotchman as RMc Posted: March 25, 2023 at 10:16 AM (#6121337)

You must be Registered and Logged In to post comments.



<< Back to main

BBTF Partner

Dynasty League Baseball

Support BBTF


Thanks to
ERROR---Jolly Old St. Nick
for his generous support.

You must be logged in to view your Bookmarks.

Hot Topics

NewsblogWho is on the 2024 Baseball Hall of Fame ballot and what’s the induction process?
(380 - 7:03pm, Dec 06)
Last: alilisd

NewsblogUpdate on Yankees’ Juan Soto trade talks: Teams talking players, but not close on agreement
(37 - 7:00pm, Dec 06)
Last: The Yankee Clapper

NewsblogRed Sox trade Alex Verdugo to Yankees for three pitchers
(27 - 6:48pm, Dec 06)
Last: The Yankee Clapper

NewsblogReds, RHP Nick Martinez agree to $26M deal, sources say
(10 - 5:53pm, Dec 06)
Last: Walt Davis

Hall of Merit2024 Hall of Merit Ballot Discussion
(177 - 5:48pm, Dec 06)
Last: kcgard2

NewsblogOT Soccer - World Cup Final/European Leagues Start
(319 - 5:37pm, Dec 06)
Last: AuntBea odeurs de parfum de distance sociale

Sox TherapyInterviewing For POBO
(29 - 5:35pm, Dec 06)
Last: Darren

NewsblogGuardians win Draft Lottery, securing next year's top pick
(4 - 5:32pm, Dec 06)
Last: Zach

NewsblogHot Stove Omnichatter
(101 - 5:24pm, Dec 06)
Last: Howie Menckel

NewsblogReports: Astros, Victor Caratini agree to 2-year, $12M deal
(1 - 5:08pm, Dec 06)
Last: Walt Davis

NewsblogShohei Ohtani's secretive free agency is a missed opportunity for him and MLB
(16 - 5:01pm, Dec 06)
Last: Walt Davis

NewsblogThese prospects could be taken in the Rule 5 Draft
(20 - 4:29pm, Dec 06)
Last: Der-K's no Kliph Nesteroff.

NewsblogOT - November* 2023 College Football thread
(324 - 3:41pm, Dec 06)
Last: Mike A

NewsblogBraves trade Marco Gonzales and cash to the Pirates for a player to be named later
(6 - 1:42pm, Dec 06)
Last: Walt Davis

NewsblogMookie Betts will be 'every-day second baseman' for Dodgers
(37 - 1:21pm, Dec 06)
Last: Booey

Page rendered in 0.4645 seconds
50 querie(s) executed