The New York Yankees are the most valuable franchise in MLB, according to a recent report from Sportico.
“The @Yankees are the most valuable sports franchise in the world at $7.01 billion. How is that?,” Sportico tweeted, and then proceeded to explain the incredible valuation of the franchise, initially bought for $8.8 million in 1973 by a group of investors led by George Steinbrenner.
The @Yankees are the most valuable sports franchise in the world at $7.01 billion.
How is that? pic.twitter.com/eUOc4g9cBr
— Sportico (@Sportico) April 14, 2022
The next time someone tells you that owning an MLB franchise isn’t profitable, you can show them some of these numbers.
The team’s 2021 revenue was $531 million, which is virtually all you need to know.
The Yankees are worth $7.01 billion, and the average MLB franchise is worth $2.31 billion.
Per Sportico, a “big boost for the Yankees are their related business. They own 23% of Legends, a sports operations business present at many venues, including $5 billion SoFiStadium.”
The Yankees Make A Whole Lot Of Money
That’s just one example, as they have more investments, real estate and related businesses.
The YES Network (the Yankees entertainment system) is expected to generate over $300 million in cash flow this year.
Additionally, the Yankees are perhaps the most recognizable and marketable brand in baseball, not only in the United States, but also in other markets: they generate money via merchandise sales and several other means.
The Yankees, therefore, are a well-oiled machine aimed to generate as much money as possible.
Other franchises are similarly valued, and even the ones below the previously mentioned average, make a lot of millions any given year.
Baseball is a business, and a very solid one: don’t let anybody try to convince you that’s not the case.
MLB teams, the Yankees included, can afford just about every free agent or extension candidate.