Yankees 1st Team to Top $1 Billion in Value

According to Forbes, the New York Yankees are the first baseball team to be worth over $1 billion. Forbes estimated the Yankees had $50 million operating loss.

The Boston Red Sox were pegged with the second-highest value at $617 million, followed by the New York Mets ($604 million), Los Angeles Dodgers ($482 million), Chicago Cubs ($448 million) and Washington Nationals ($440 million).
Tampa Bay was last among the 30 teams at $209 million.

The Yankees are 7-7, tied for last with Tampa Bay.

Posted by on April 21st, 2006 at 9:17 am


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