Thursday, July 17, 2014

Forbes Ranks Yankees 4th In World Ranking Sports Franchises

Forbes has once again released their Top 50 list of the most valuable sports franchises in the world and the New York Yankees have come in at the #4 spot. The Yankees are worth an estimated $2.5 billion and trail only Real Madrid ($3.44 billion), Barcelona ($3.2 billion), and Manchester United ($2.81 billion). Who knew soccer teams were worth so much money? The Dallas Cowboys ranked fifth at $2.3 billion while the Los Angeles Dodgers are ranked sixth at $2 billion. Here's a quote from the article:

“The Yankees are the most valuable non-soccer team in the world with a worth of $2.5 billion,” writes Kurt Badenhausen. “TV is driving the value of the Bronx Bombers. Fox exercised its option to increase its ownership of the Yankees’ regional sports network, YES, to 80% earlier this year (Yankees Global Enterprises, which is majority owned by the Steinbrenner family retains 20%). As part of the deal, the programming rights fee for the Yankees starts at $105 million (including the amortized value of a $400 million upfront payment) and will hit $350 million a year by 2042.”

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Sorry for the Capatcha... Blame the Russians :)