The publication estimated the franchise to be worth $650 million in this their annual value estimations, a $25 million increase (4%) increase from a year ago.
That figure ranks the Rays 30th out of 30 MLB teams, another $25 million behind the 29th-ranked Marlins ($675 million) and a bit further behind the top-ranked Yankees ($3.4 billion).
Before you shed a tear in your beer for Stu Sternberg & the minority owners of the Rays...realize they paid about $167 million for the franchise in 2005. That's a 289% return during a period where the stock market appreciated just 70%.
Oh, and even last year's estimated slow 4% growth is twice what the average homeowner will make in an average year on the purchase of a home. Forbes estimates the average MLB franchise appreciated by a modest 7% last year.
Just one more reason why any "problem" in Tampa Bay is not the fans' problem, but simply an issue of the league not sharing enough of its profits across its smaller-market teams.
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