« April 16th vs. The Red Sox | Main | Rotation To Be Altered? »

April 17, 2008

Yankees Worth $1.3B

Via the AP:

The New York Yankees' value increased to $1.306 billion US over the past year, according to the annual estimates by Forbes magazine, a rise of 9 % over the past year.

The New York Mets were second at $824 million and the Boston Red Sox third at $816 million, the magazine said yesterday. After that, there was a big gap to the Los Angeles Dodgers ($694 million) and the Chicago Cubs ($642 million).

The Yankees were listed by Forbes as having $327 million in revenue last year and a $47.3 million operating loss, up from a $25.2 million loss on revenue of $302 million the previous year. Forbes' revenue figure is after deducting revenue sharing payments, which the Yankees estimate at about $92 million. The team also paid approximately $24 million in luxury tax, which is reflected in the operating loss.

Just wait till next year when the new Death Star, errrr, I mean, Stadium is fully operational. It could be closer to two billion.

Posted by Steve Lombardi at April 17, 2008 09:55 AM

Comments

Forbes are idiots. The economy is faltering, badly. The new ballpark is an albatross that any owner(s) must contend with.

Posted by: Don [TypeKey Profile Page] at April 17, 2008 02:51 PM