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Yankees on top Forbes says Bombers most valuable franchisePosted: Thursday April 10, 2003 7:09 PMNEW YORK (AP) -- The New York Yankees are by far the most valuable team in baseball, worth more than twice as much as 26 of the other 29 clubs, according to a study by Forbes Magazine. In a story for its April 28 edition, Forbes estimated the worth of the Yankees at $849 million -- $351 million more than the next-most valuable team, the New York Mets ($498 million). The Boston Red Sox were third, at $488 million, followed by the Los Angeles Dodgers ($449 million) and the Atlanta Braves ($423 million). According to Forbes, the most profitable team in baseball last year was the Seattle Mariners, who made $23.3 million. The Yankees were next at $16.1 million, followed by the San Francisco Giants ($13.9 million), the Baltimore Orioles ($12.4 million), the Chicago Cubs ($11.9 million) and the Mets ($11.6 million). The Dodgers were the biggest losers, with an operating deficit of $25 million. Their owner, News Corp., is interested in selling. The Texas Rangers were next at $24.5 million, followed by the Toronto Blue Jays ($23.9 million), the Arizona Diamondbacks ($22.2 million) and the Florida Marlins ($14 million). The Montreal Expos were the least valuable team at $113 million. The Expos, who were bought by the other 29 teams for $120 million before the 2002 season, lost $9.1 million last year, according to Forbes.
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