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Giants Have Good Value: Forbes

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Giants Have Good Value: Forbes

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SCOTTSDALE, AZ - MARCH 07: San Francisco Giants and the Texas Rangers face each other dueing a spring training baseball game in the first meeting between the two teams since the World Series at Scottsdale Stadium on March 7, 2011 in Scottsdale, Arizona. (Photo by Kevork Djansezian/Getty Images)

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Forbes released its annual list of the top valued baseball teams and yes the Giants made the list.

The New York Yankees remain at the top of the list with a value of $1.7 billion. San Francisco ranked No. 7 with an increased value of $563 million - a bump of 16-percent (thank you World Series).

Forbes found the average team is worth $523 million, which is an all time high.

The credit for a seven percent increase in overall value, according to Forbes, is new ballparks and regional sports networks. They boosted revenues to $6.1 billion for baseball's 30 teams. 

Here's your top ten:

RANK
TEAM
OWNER
CURRENT VALUE
($ mil)
1-YEAR CHANGE IN VALUE %
REVENUES ($mil)
OPERATING INCOME ($mil)
1
New York Yankees
Steinbrenner Family
$1,700
6%
$427
$25.7
2
Boston Red Sox
John Henry, Thomas Werner
912
5
272
-1.1
3
Los Angeles Dodgers
Frank McCourt
800
10
246
32.8
4
Chicago Cubs
Ricketts Family
773
6
258
23.4
5
New York Mets
Fred Wilpon, Saul Katz
747
-13
233
-6.2
6
Philadelphia Phillies
David Montgomery
609
13
239
8.9
7
San Francisco Giants
William Neukom
563
16
230
29.9
8
Texas Rangers
Ray Davis, Bob Simpson
561
25
206
22.6
9
Los Angeles Angels of Anaheim
Arturo Moreno
554
6
222
11.8
10
Chicago White Sox
Jerry Reinsdorf
526
13
210
27.6
LEAGUE AVERAGE
523
7
205
16.5

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 

 

 

Forbes also wrote about the dark side of the game in this month's issue.  It blames "reckless ownership and lax debt policies within Major League Baseball for allowed popular teams like the Texas Rangers, Los Angeles Dodgers and most recently, the New York Mets to amass mountains of debt." 

In investigating the Mets’ involvement with Bernie Madoff and the team’s subsequent debt problems, Forbes concludes that it will be challenge for Fred Wilpon and Saul Katz to retain majority ownership.

You can read that article at this link.

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