Holy cow! New York Yankees hit $6 billion in value

BVWireIssue #235-3
April 20, 2022

industry analysis
risk analysis, transaction data, benchmark, industry analysis, valuation methods

That’s what the legendary announcer Phil Rizzuto would be yelling over this news. The New York Yankees have held their ground as Major League Baseball’s (MLB) most valuable team, according to Forbes’ latest rankings. What’s more, the Bronx Bombers have become the first MLB team to hit a $6 billion valuation, says Forbes, and it is the second most valuable franchise in U.S. sports, eclipsed only by the National Football League’s Dallas Cowboys ($6.5 billion). While the Yankees lead MLB in overall value, Forbes says that the second-ranked Los Angeles Dodgers ($4.08 billion) received the highest local-TV rights revenue, with $189 million as compared to the Yankees reportedly bringing in $135 million in local broadcast rights fees.

Extra: Don Erickson (Mercer Capital) provided a recent overview of valuing sports franchises during a recent BVR Power Panel webinar. Erickson has valued over 50 pro sports teams.

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