The baseball seasons of 2020 and 2021 are … unique to say the least. In the short season last year, a lack of fans led to a large decrease in revenue and did not affect the values of the 10 most valuable teams in baseball. Across the entire MLB, prices have increased 3% over the previous year to an average of $ 1.9 billion, an all-time high.
Unexpectedly, the New York Yankees are the world’s most valuable baseball team. The Yankees are $ 5.25 billion, up 5% from last year. The Yankees now join the NFL’s Dallas Cowboys and NBA’s New York sports teams of $ 5 billion or more.
Another reason for the increase in the value of MLB teams is simply the public demand for baseball. Billionaire hedge fund tycoon Steven Cohen bought the New York Mets last season for $ 2.42 billion, a record amount paid for a baseball team. Then there is the case of the Boston Red Sox. The year 2020 was particularly brutal for that team with an operating loss of $ 70 million, however, the team’s parent company, Fenway Sports Group, is trying to sell an 11% stake in the team at a valuation of $ 3.4 billion.
The 2020 season of the course was shortened by the COVID-19 epidemic. Instead of the usual 162 game season, the teams played just 60 games.
The 30 teams in MLB made a total loss of $ 1.8 billion in 2020. By comparison, in 2019, the league had a profit of $ 1.5 billion.
MLB’s revenue declined 65% in 2020 to $ 3.6 billion. Although there is good news on the horizon. New national media deals will hit in the next year, pushing the league’s revenue by 19% per year from 2022 to 2028. ESPN is reducing its commitment to airing MLB games in the New Deal. ESPN’s current deal is worth $ 700 million for MLB and the new one will be valued at $ 550 million. Fox is increasing its deal from $ 525 million to $ 755 million. TBS is also increasing its deal from $ 325 million to $ 535 million. Overall, it boosts MLB’s national media deals from the current $ 1.55 billion to $ 1.84 billion – and, Major League Baseball still has inventory that it can sell to broadcasters. Perhaps they will go outside the traditional box for sports and aerial games on Amazon Prime, Hulu or YouTube. only time will tell.
Today the 10 most valuable baseball teams in the world are:
# 10 Washington Nationals – $ 1.925 billion
# 9 Los Angeles Angels – $ 2.025 billion
# 8 Philadelphia Phillies – $ 2.05 Billion
# 7 St. Louis Cardinals – $ 2.245 Billion
# 6 New York Mets – $ 2.45 Billion
# 5 San Francisco Giants – $ 3.174 Billion
# 4 Chicago Cubs – $ 3.175 Billion
# 3 Boston Red Sox – $ 3.465 Billion
# 2. Los Angeles Dodgers – $ 3.57 Billion
# 1 New York Yankees – $ 5.25 Billion