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Blog Entry

Red Sox, Tigers, Mets lost money in 2010

Posted on: March 23, 2011 6:08 pm
Edited on: March 23, 2011 9:25 pm
 
By Matt Snyder

More Finances
Forbes.com has released its annual list of the values of each Major League Baseball franchise, along with the revenue and operating income for 2010. It's kind of interesting to check, especially since we're still in spring training and thus relegated to following minor injuries and battles for the final few roster spots.

Not surprisingly, the New York Yankees were the highest-valued franchise at $1.7 billion. Despite a mind-boggling payroll, the Yankees make so much money they turned a $25.7 million profit last season. Every team turned a profit except the Red Sox, Tigers and Mets, actually.

The Red Sox had an operating income of negative $1.1 million. The Mets lost $6.2 million and the Tigers were a disastrous negative $29.1 million.

Also, the Mets franchise value took a 13 percent hit, though it's not exactly the Pirates, as the Mets' value was listed at $747 million. The only other franchise to lose value was the Indians, who took a 10 percent hit. The Padres were the third team to not gain value, as there was no change.

Interestingly, the Padres had the highest operating income, at $37.2 million. The Nationals checked in second at $36.6 million. Remember, the Nationals have the richest owner in baseball -- Ted Lerner -- so the road is definitely paved for the Nats to drastically increase payroll should they decide to do so. As I've written before, don't count them out as being a major player by the end of this decade.

The Rangers saw the highest increase in value with the Giants third, which makes sense considering they played in the World Series. The Twins saw the second-highest increase in franchise value, which coincided with opening their new home park, Target Field.

After the Yankees, the rest of the top five franchises in value are the Red Sox, Dodgers, Cubs and Mets.

Check out the full chart by clicking here .

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Comments

Since: Mar 21, 2010
Posted on: March 23, 2011 7:06 pm
 

Red Sox, Tigers, Mets lost money in 2010

As a fan of the New York Yankees I am glad to see that not only did the franchise show to be profitable in 2010, but significantly reduced their debt/value ratio from 89 percent in 2010's list (which is really based on 2009's figures) to 4 percent in 2011's list (which is really based on 2010's figures). Here is the link to the 2010 list, so you can compare and draw conclusions about your favorite team: .
And if you need further proof that people love a winner look at the defending World Series champion San Francisco Giants who saw their franchise value increase by 16 percent, a 29 million dollar increase in revenues, a 6 million dollar increase in operating income, and a 5 percent drop in their debt-to-value ratio.



The views expressed in this blog are solely those of the author and do not reflect the views of CBS Sports or CBSSports.com