Forbes: MLB Sees Team Value Rise 23 Percent
Posted: Wed Mar 27, 2013 8:17 pm
According to figures released by Forbes, Major League Baseball's off-the-field investments have helped boost the average worth of the 30 teams by 23 percent to $744 million.
Forbes revealed that the money that all teams made from the $450 million sale of the Montreal Expos in 2006 was invested in hedge funds that are now worth more than $1 billion.
Each team also owns an equal share in MLB Advanced Media, which generates more than $600 million in revenue, and Forbes conservatively values the subsidiary at $6 billion.
You can combine those investments with the $12.4 billion in national television revenue the clubs will receive thanks to new deals with Fox, Turner and ESPN that run through the 2021 season.