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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

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   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)

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