Wednesday, March 23, 2011

Forbes: Rays' Value Up to $331M

The Rays may not be turning much of a net profit (although, they may be and we wouldn't know it), but the estimated sale price of the team keeps soaring.

According to the annual Forbes' valuations of MLB franchises, Tampa Bay is up to $331 million, a five percent gain from 2010's figure of $316 million. That's almost double the $176 million it was worth in 2005 when Stu Sternberg assumed majority control of the club.

For those of you counting at home, the Yankees remain the most valuable MLB club ($1.7 billion), worth almost double the next-most valuable club, the Red Sox ($912 million).

The Biz of Baseball has more here, as well as historical values here.

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