federal government credit score report 50 free credit report with no credit card required letter to clear credit report how long do negative credit report items last free credit report if denied credit federal law free credit report once year 3 in 1 credit report free transunion request for free credit report the real free credit report how to get a credit report for a potential tenant free credit report annual credit gov consumer credit reports businesses removing hard inquiries credit report how to transfer credit from etisalat network much does free credit report cost dispute on credit report online get free credit report california free credit report required by government inquiries credit report long stay free credit report transunion denied credit credit reports for free no credit card required credit report clean-up with bankruptcy effect of one late payment on credit report quick and easy payday loans with no fax determine credit score based credit report american credit report true credit consumer reports credit scores order credit report without membership only real free credit report annualcreditreport new jersey free annual credit report how long does it take how to repair credit ratings free credit reports are they safe get free credit report through government free credit report without credit card needed how to get your credit report in canada only real free credit report authorized remove public record credit report cbna credit report inquiry change personal information my credit report where should i get my credit report many free credit reports per year ga how to monitor credit report free credit repair services apartments in new orleans la fair credit reporting act employer notice free annual credit report required by law clean credit report miami florida long does information stay credit report canada report credit bureau canada i need to fix my credit report trans credit union credit report how long does it take for a bankruptcy to clear your credit report 3 credit reporting agencies most accurate see credit report online free obtaining credit reports others credit reporting bureau most accurate reporting to credit bureau for tenants how to fix how to improve your credit score canada my credit report without signing up membership consumer credit report industry opt out what type of information is found on a credit report auto insurance no credit report does mean you have charged off your credit report get your credit report australia can you run a credit report on a business how to get my equifax how to check your credit score for free top top free credit repair companies obtaining a credit report on someone want free credit report credit score online secured credit card report to all 3 credit bureaus how to cancel free credit report from experian clothes catalogues for bad credit rating free report all agencies credit scores secured credit cards reports all 3 credit bureaus 4th major credit reporting agency first credit union tempe annual credit report equifax problem sample letter to dispute credit report errors free credit report cheap country first credit union ltd trans credit report canada consumer report vs credit check the fair credit reporting act of 1971 order single credit report transunion free credit report cancel phone number ordering credit report mail clear credit report inquiries privacy protection plus free credit report do you get your credit score with annual credit report what is a credit score what are the major credit reporting agencies freeze credit report equifax credit repair scams lexington law firm credit free report credit how to remove a negative item from your credit report credit report freeze experian my free annual credit report and score equifax get copy experian credit report government mandated free annual report credit monitoring free credit report help how to make a statement on your credit report how to raise your credit score in a year compare poor credit payday loans getting credit report for renters how to report a lost visa credit card does american express report to business credit bureaus how to get my free annual credit report what is the maximum credit report score how to remove foreclosure from credit report can remove foreclosure credit report best secured credit cards report credit bureau first advantage credit report dispute form 6 credit bureau report american credit consultants/the top rated credit repair background and credit checks for landlords credit report company reviews nsw teachers credit union annual report free annual credit report florida consumer reports credit score sites experian credit report score factor codes free credit report by government annual veda personal credit report credit report forms permission what number do i call to cancel free credit report com free instant credit report uk california consumer credit reporting agencies act ( ccraa ) trw credit report reviews free credit report no fees uk active duty military alert on credit report free credit report dot com reviews average credit scores explained numbers annual free credit report government law free credit report usaa what is the fair credit reporting act waiver how to challenge credit report items credit to your account mean credit report alert equifax free federal credit report annual how do you remove items from credit report consumer financial protection bureau credit reporting agencies monday clear credit report uk credit report dispute form doc credit freeze on your credit report how to get a free credit report online without using a credit card access my credit report canada lexington law credit report best credit cards 2012 consumer reports how long does it take to remove bankruptcy from credit report credit reporting agencies free copy how to request free annual credit report visit annualcreditreport financial consumer agency canada credit report national association credit reporting agencies obtain my credit report free how to clean up credit report what credit score do you need to buy a house free credit report indiana getting paid collections off your credit report ftc.gov annual credit report dispute experian credit report writing free online credit report india read credco instant merge credit report have been denied deduction do get my free credit report name band free credit report commercial freecreditscore approved cash advance bay city mi how to remove wrong information on credit report check renters credit free trial donna fox credit repair to credit millionaire how can i contact free credit report.com how long do charged off accounts stay on your credit report who can pull my credit report credit report fico score 3 1 lenders how to read credit report payment history experian free report after being denied my credit credit report lockdown free credit report for all three bureaus free background check credit report free credit report no credit card needed no fees statistics fair credit reporting act equifax free personal credit report account charge off on credit report cheapest credit report service ftc free credit report annual website how often to credit card companies report to credit bureaus how do i remove a dispute from my credit report maryland free credit report gov credit report free credit report music video my credit history check landlord your credit report free annual agencies free credit report .com customer service line how to get free report without card uk credit score forecast debt credit reporting agency new free credit report commercial 2011 with old band dsi mortgage credit repair kit illinois credit reporting laws credit reporting agency class action lawsuit getting a collection removed from your credit report obtaining free copy my credit report get better credit report score international credit reports how can i get my business credit report get my free credit report and score equifax where can i get a free credit report without paying cards report all bureaus three major credit how to get a paid state tax lien removed from credit report equifax or experian credit report credit credit free vin history report canada credit report website free trans union credit report read free annual credit report government gove do credit card balances show credit report change employment credit report dispute credit report experian how to get state tax lien removed from credit report my free report through government major credit how do i dispute credit report credit reports free gov how do you clean up your credit report report fair credit reporting act violations federal free credit report charged me 31.95 credit report for landlords free online chat rooms no registration get a credit report free fcra free credit report what are the duties of consumer reporting agencies under the fair credit reporting act (fcra) bad use free credit report how to get your credit report business card for free consumer proposal ontario credit report how long can a charged off debt stay on your credit report equifax credit reports business annual free credit reports from government denied credit based experian report what is the real site for free credit reports how to pay off 5000 in credit card debt do landlords check credit report long do hard inquiries stay my credit report removing paid collections from your credit report credit report.com review free credit report questions remove hard inquiries on credit report can you erase inquiries your credit report where can i find a real free credit report free how to do credit checks for renters my annual credit report government free credit search engine report credit card theft to police can i get a credit report with an itin get dun bradstreet credit report get free copy credit report score free credit report and credit score dispute credit report forms chase credit report credit report fica score how to dispute experian credit report errors annual credit report security freeze free info credit report how to dispute credit report information who to call about my credit report free credit report dot com song lyrics how to fix loan with bad credit australia obtain your free yearly credit report fair range credit scores credit report bad credit cash advance lender free credit history report us what personal info is what does charged off mean on a credit report obtaining a credit report on someone legitimate credit reporting agencies iba format credit information report free company credit reports online how long does it take to dispute something on your credit report national credit regulator consumer credit market report experian credit file investigation request form view credit report experian how to dispute a late payment on your credit report remove bankruptcy my credit report after 10 years fixing average credit score canada how do i run a credit report for a prospective tenant payday loans online same 90 day no credit check loan get experian credit report by mail business annual credit report equifax free steps repair credit report equifax credit report customer service phone number residential mortgage credit reports original free credit report band is back free credit report uk without credit card details how do i dispute my credit report with experian sarma ncs credit report tenant credit reports massachusetts go to http //www.annualcreditreport.com to get a free credit report from experian consumer report under fair credit reporting act employment best credit repair tax software 2012 criminal history credit reports order a credit report free how do i report a debt to a credit agency paid credit report online where is my credit score on my experian credit report won free credit report band credit report fixing how do i obtain a credit report check credit ancient history india credit report federal website what is credit rating scores best credit card rewards program consumer reports experian free credit report after being denied credit employment how can i dispute things on my credit report get free credit report online now how long does bankruptcy take to come off credit report state california credit report credit report reporting companies long does chapter 7 bankruptcy stay my credit report credit report federal reserve address to dispute experian credit report equifax free credit report yearly view credit report instantly sovereign debt credit risk report cma free credit reports and scores online how to freeze my credit reports agencies how do i fix my credit report request your free annual credit report federal how to repair credit after bankruptcy uk what is the least often you should check your credit report dispute experian credit report by phone free credit report new band search under circumstances consumers entitled free credit report credit bureau which credit report is free annually how long does it take for a credit card payoff to reach the credit reporting agencies are you entitled to a free credit report each year free credit report lyrics golf annual credit report site how does a cash advance why work at a casino how long before items removed from credit report who can government self help with credit repair fair credit reporting act fcra equifax credit report member login yearly credit report government free credit report usa experian contact annual credit report credit cards reporting period sample letter authorization run credit report removing hard inquiries from credit report how to fix mortgage with bad credit in ontario order your annual credit report credit bureau report uk credit repair mortgage company that works with bankruptcy free canadian credit score report any real free credit reports better business bureau annual credit report annual credit report.co report error on credit report m ecoa credit report american express free annual credit report how to access your credit reports for free credit reporting laws after bankruptcy barclays credit rating cut best credit report how to clean up my credit report on my own find out someone;s credit report order all 3 credit reports and scores how to get credit report without credit card credit reporting service for landlords how to write a letter to dispute credit report summary your rights under fair credit report act emergency cash advance visa card experian view free credit report again how to get a free credit report without a credit card fees what is the free credit report credit experian free report business all 3 free credit reports and scores reading credit reports how long bad credit stays on credit report uk free gov credit report score how do you get a credit report on a person is it safe to get credit reports online where can i get my credit score and report online personal credit report from experian what is a free tri merge credit reports summary of my rights as a consumer under the fair credit reporting act example letter request credit report how do i request a credit report canada is checking your credit report bad cibil credit report download how long to fix credit with secured credit card pay student loans online how long does it take to get a collection off your credit report how do i get a free credit report without paying chase report lost credit card phone number online credit reports legit how to get your credit score for free how to get old collections of credit report free credit report without giving credit card information loans how to read a trans union credit report experian once yearly free credit report how do i dispute something on my transunion credit report inaccurate credit report lawsuit the annual free credit report program all 09 free credit report commercials lyrics free credit report repair letters get free annual credit report govenor what does a credit reporting agency such as equifax do freeze credit report experian incorrect linked address credit report equifax 3 in 1 report coupon code credit scores buy credit report and score online free credit report.com customer service phone number how to fix negative information on credit report credit report ontario free kern schools federal credit union credit report detailed credit report free bankruptcy credit report how long annual credit report login experian investment grade credit ratings chart free transunion credit report no credit card total credit market debt to gdp key credit repair 95.9 the ranch texas music series morton st fort worth tx wachovia dealer services free credit report credit plus loans reviews business credit reports online need credit report transunion reviews on dsi solutions credit repair reviews three bureau credit report canada only free credit annualcreditreport report get get credit report scores free rental credit report cheap free credit repair software credit bureau free report credit bobcat repair information free get credit report online india use of consumer credit reports for business landlord report to credit agency certified report loan credit scores credit repair lawyers in georgia understanding credit scores equifax what does it mean charge off on my credit report letter to remove credit report agencies provide free credit reports consumers credit report from government once a year pay for a credit report secure free credit report online experian mailing address for credit report new free credit report commercial 2010 band dispute everything on credit report credit reporting bureaus phone the only real free credit report authorized free credit report website from the government free report ads check personal solutions credit getting a free credit report without credit card how to order your free credit report free credit report tenant screening monitor all 3 credit reports experian credit report cancel question regarding credit report federal reserve bank of san francisco your credit report what it says about you financial go view my credit report free credit card reporting 2011 irs report bad renters credit bureau how to obtain my credit report in canada need help understanding my credit report free credit repair logo dispute second mortgage credit report irish league of credit unions annual report how do you get your what percentage of people have a credit score over 800 100 free credit report online credit report update time debt collection report to credit agency three credit reporting agencies what does it mean when it says account charged off on my credit report how to challenge credit report advanced credit report dispute public record your credit report order credit report through mail credit reports companies advertising on wsop ftc gov bcp menus consumer credit reports free visa report after denied credit transunion obtaining credit report minor child free credit report with no credit card required address for the 4 credit reporting agencies how to update credit report on true credit remove dispute from credit report ftc free annual credit report disputing experian credit report online free triple credit reports how do you remove negative items from your credit report how do you pull a credit report on someone is target offering free credit reporting how to get rid of collections on credit report how to view my transunion credit report nilson report credit card market share long will chapter 13 my credit report request free credit report transunion canada consumer report best credit cards 2012 where to get credit report free four credit reporting agencies can employers see credit report access credit report how long to update your credit report how to see your credit report for free chapter 7 bankruptcy how long credit report experian annual credit report credit report fico score freeware dispute credit report errors ftc free credit reports com experian credit report for tenants report errors your credit report
Home Maury Brown Inside the 2009 Forbes MLB Franchise Valuations

Like Shoot to Thrill - An AC/DC Tribute on Facebook!

An authentic tribute of AC/DC that covers the best of the Bon Scott era and the best of Brian Johnson's material

Who's Online?

We have 770 guests online

Atom RSS

Inside the 2009 Forbes MLB Franchise Valuations PDF Print E-mail
User Rating: / 46
PoorBest 
Written by Maury Brown   
Thursday, 23 April 2009 01:48

MLBNow in their 12th year, Michael K. Ozanian and Kurt Badenhausen have published the 2009 MLB franchise valuations for Forbes, and with it, the downturn in the economy has cast its shadow across the league.

(See historical Forbes valuations from 2002-2009)

The 30 clubs are valued at $14.475 billion, compared to $14.149 billion in 2008, an increase of 2.18 percent. However, the increases come mostly by way of the two New York clubs, both of which see new ballparks opening this year. The two clubs skew the average value of an MLB franchise to $482 million, with only 8 clubs seeing values higher than the league average (Yankees - $1.5 billion, Mets - $912 million, Red Sox - $833 million, Dodgers - $722 million, Cubs - $700 million, Angels - $509 million, Cardinals - $486 million).

As further reported by Forbes:

Team values increased an average of 1% over the past year to $482 million, an all-time high. Fueled by more ticket sales and television money, league revenue increased 5.5% to $5.8 billion (our figures are net of revenue used to finance stadium debt). Operating income (earnings before interest, taxes, depreciation and amortization) rose 1.8% to $501 million--another record.

Ten clubs see their values decrease from last year. They are:

  • Washington Nationals: $406 million, down 12 percent
  • Atlanta Braves: $446 million, down 10 percent
  • Seattle Mariners: $426 million, down 9 percent
  • Detroit Tigers: $371 million, down 9 percent
  • San Francisco Giants: $471 million, down 5 percent
  • Houston Astros: $445 million, down 4 percent
  • Cleveland Indians: $399 million, down 4 percent
  • Texas Rangers: $405 million, down 2 percent
  • Oakland Athletics: $319 million, down 1 percent
  • Pittsburgh Pirates: $288 million, down 1 percent

To add to these 10 clubs seeing declines in franchise value, 3 clubs (Cardinals, Orioles, and Blue Jays) see their values remain flat compared to last year.

The declines are the steepest since 2004 when 13 clubs saw decreases in valuation. And, to further place the declines in perspective, no club had decreased in valuation since 2005 when the Oakland A’s saw a 1 percent drop in their total franchise value.

Yankees Franchise Value

The Yankees are now worth $1.5 billion
and given the growth over the last few
years, don't expect it to level off any
time soon,
(CLICK TO SEE IN LARGER VIEW)

As mentioned, the New York clubs are what is offsetting the valuation declines for the league. The Yankees are now worth $1.5 billion, an increase of 15 percent over last year. (see the chart to the right to see how the Yankees have grown in value over the last 5 years). The Mets are coming up quick on $1 billion value, as well, posting a franchise value of $912 million, an increase of 11 percent from the year prior.

In the profit and loss department, based upon operating income, the Florida Marlins show a profit of $43.7 million. That comes on the heels of a $35.6 million operating income last year.

With a slap to the face of the revenue-sharing system, and a clear sign that Jeffery Loria loves living on welfare, he has now officially gotten the Marlins for free. As noted by Ozanian and Badenhausen:

Before the 2002 season Loria, who then owned the Montreal Expos, bought the Marlins for $158 million while MLB paid $120 million to take ownership of the Expos. The Marlins price was later reduced to $143 million, as stipulated in the purchase agreement, when the Marlins did not get a new stadium within five years. But during his seven years of owning the Marlins, Loria has received more money from baseball's revenue redistribution system than the amount he paid for the team. Now that is real money ball.

On the other side of the coin are the Detroit Tigers who see losses of $26.3 million. The reason?  Ozanian and Badenhausen cite the high player payroll that the Tigers carry (the club broke the Luxury Tax threshold last year), as well as the steep declines in season ticket sales due to the cratering of the auto industry in Detroit and owner Michael Ilitch’s gamble to raise ticket prices for "premium games" by $2 to $7 and many season ticket holders getting a similar price hike. The reason for the increase? The Tigers saw record attendance last year. As noted in the report, season ticket holders have fallen from 27,000 in 2008 to a reported 15,000 this year, and Ilitch’s gamble on ticket prices will have backfired if the team isn’t doing exceptionally well in the standings by the summer.

Overall, matters could have been far worse for MLB. If not for the Yankees and the Mets, building massive cathedrals of excess, the league would have surely seen a decline.

What will truly be interesting is next year. The Twins are adding a new stadium to the fold, but the declines at the sponsorship level, and the league bracing for attendance declines, possibly as high as 20 percent, it may be 2010 that the league sees the largest impact to the franchise value due to the faltering economy.


Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is contributor to Baseball Prospectus, and is available as a freelance writer. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

Don't forget to register and log in on The Biz of Baseball site to get updates via your in-box, and see information only logged in members can see.

Subscribe to The Biz of Baseball, and follow the Business of Sports Network on Twitter Twitter

Add to GoogleAdd to My Yahoo!

Subscribe in   Bloglines


 
 
Banner

Poll

Should MLB Force Jeffery Loria to Sell the Marlins?