The 2020 baseball season hasn’t started yet but the New York Yankees are already winners. The Yankees top Forbes’ list of the most valuable MLB teams.
According to an investigation from Forbes, the Yankees have a value of $5 billion, which is up nine percent from last year. They have held the top spot on Forbes’ list since it began in 1998.
The Los Angeles Dodgers come in at No. 2 with a value of $3.4 billion. The Boston Red Sox are third at $3.3 billion, then the Chicago Cubs ($3.2 billion), San Francisco Giants ($3.1 billion), New York Mets ($2.4 billion), St. Louis Cardinals ($2.2 billion), and Philadelphia Phillies ($2 billion).
Forbes estimates that the average team value is up four percent from last year. Despite the season being delayed, teams are still riding on profits, which are at record-highs. The average team operating profit went up 25 percent to $50 million last year. Revenue has increased to $16 million per team on average.
The MLB season probably won’t start until June at the earliest. While the league is considering playing the season in Arizona, they shouldn’t move forward with that plan.