Thursday, April 08, 2004
New Forbes MLB Franchise Valuations Published
Forbes's annual franchise valuations, covering the 2003 season, have just been posted to the Forbes Website. They'll be published in the issue dated April 26.
The feature article, about Jeffrey Loria, includes a graph that should send Bud & Co. screaming into the night. According to Forbes, over the past six years major league baseball franchises have appreciated 50% more than the S&P 500.
Here is the summary table of franchise value, appreciation, debt.value ratio, revenues and operating income (net of revenue sharing) for 2003. Forbes says the average major league club is now worth $295 million, with 2003 revenues of $129 million and earnings (before interest, taxes, depreciation and amortization) of -$1.9 million. The Boston Red Sox passed the New York Mets to become MLB's second most valuable franchise, though at $533 million they're still far behind the Yankees ($832 million).
Seattle made the most money, $17 million, while Texas lost the most, $28.5 million. Revenue sharing helped the Tigers, Padres, Athletics, Brewers, Royals and Devil Rays turn profits, while pushing the Yankees, Mets, Dodgers and Braves into the red.
I've updated my downloadable spreadsheet, which includes Financial World and Forbes valuations since 1990, to include the 2003 figures. If you find this, or any of the other downloadable data available from my site, useful, please consider supporting the site, either through a small donation or a purchase through the amazon.com link.
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Forbes's annual franchise valuations, covering the 2003 season, have just been posted to the Forbes Website. They'll be published in the issue dated April 26.
The feature article, about Jeffrey Loria, includes a graph that should send Bud & Co. screaming into the night. According to Forbes, over the past six years major league baseball franchises have appreciated 50% more than the S&P 500.
Here is the summary table of franchise value, appreciation, debt.value ratio, revenues and operating income (net of revenue sharing) for 2003. Forbes says the average major league club is now worth $295 million, with 2003 revenues of $129 million and earnings (before interest, taxes, depreciation and amortization) of -$1.9 million. The Boston Red Sox passed the New York Mets to become MLB's second most valuable franchise, though at $533 million they're still far behind the Yankees ($832 million).
Seattle made the most money, $17 million, while Texas lost the most, $28.5 million. Revenue sharing helped the Tigers, Padres, Athletics, Brewers, Royals and Devil Rays turn profits, while pushing the Yankees, Mets, Dodgers and Braves into the red.
I've updated my downloadable spreadsheet, which includes Financial World and Forbes valuations since 1990, to include the 2003 figures. If you find this, or any of the other downloadable data available from my site, useful, please consider supporting the site, either through a small donation or a purchase through the amazon.com link.
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