kamagra soho buying zovirax 200mg price augmentin 625mg uk nolvadex buy online buy erythromycin lotion lexapro 10 mg abbott lexapro 30 mg dose cialis generic4all phenergan online chemist erfahrungsberichte levitra 10 mg buy n viagra 5mg cialis prices amoxil 500 mg tabletas buy nolvadex liquid cytotec tablets online generic zoloft 50 mg erythromycin ec 250mg nexium 10 mg brasil strattera 10 mg dosage levitra vardenafil generico zithromax 250mg fass nexium online buy buy levitra 10 mg erythromycin online uk cheap tadalafil cialis doxycycline al 100 mg 8000 mg viagra cialis generica contrareembolso nexium 20mg beipackzettel generic priligy safe clomid 100mg progesterone viagra comprar generico cheapest 150 viagra xenical 120mg costs augmentin 12h 200 mg order cialis 50 mg 5 mg. generic cialis nexium buy amoxil online buy cheapest levitra 10mg cheapviagrageneric viagra legit generic viagra farmaco diflucan 150 mg celebrex capsule 400 mg buy cialis venezuela mailorder 200 mg cialis cialis pills buyer generic lexapro kaiser order cialis online synthroid ou generico augmentin 375 mg filmtabletta cialis 5mg last generic zithromax walmart nexium order canada order viagra mail kamagra india buy kamagra 100mg dejstvo levitra 5 mg alcohol clomid 25 mg testosterone generic viagra 25 prednisone 40 mg tablets nexium generic 2012 metformin aurus 1000mg inderal propranolol 10 mg canada cialis 20 mg generic synthroid 2011 priligy 20 mg viagra generic buy augmentin online kopen Levitra 10 mg Buy generic viagra austrlia viagra online rush clomid twins 150mg online viagra lloyds augmentin 375mg tablets augmentin 250 mg thuoc augmentin 875 buy levitra 10mg effects 25 mg cialis reviews cialis paypal buy order lasix internet viagra canada orders prednisone 200 mg tablets propranolol 1mg riva metformin 500mg cialis generic same miglior viagra generico erythromycin online kaufen generic viagra instructions cialis 20 mg opinion cialis generico foro nexium 40 mg uses cialis original 5 mg cosco generic viagra lexapro dosage 10 mg lisinopril buy online augmentin 1000 mg nedir propranolol la 40mg prednisone 20mg acne levitra 20mg apoteka desi viagra 50 mg erfahrung cialis 5mg istanbulbuy viagra generic zoloft medication kamagra cheap india buy nexium astrazeneca cialis cheap 200 mg propranolol online pharmacy cialis drugs online levitra 10 mg nedir zovirax iv 250mg taking 25 mg clomid canadian 5 mg cialis 20mg paxil zoloft lexapro 10 mg image order celebrex canada nexium 40 mg sale xenical kaps 120 mg synthroid 75mg took 100mg viagra generic lexapro availability 100mg zoloft pregnancy trustable generic viagra online viagra liquid viagra generic capsule generic kamagra online zovirax 400 mg costo half 20mg levitra buy lasix cvs lexapro sleep disorder cheap dubai viagra clomid 200 mg generic lexapro better lisinopril hctz online pastillas viagra generico viagra online japan buy synthroid 200 mcg lisinopril 10 mg w 929 wirkstoff cialis 20mg viagra 50 mg 8x cialis 2.5mg cheaper acheter cialis 10mg diflucan mg dosage zoloft withdrawal 100mg buy amoxil 250 mg celebrex capsule 100 mg took 2 100mg viagra lisinopril cheap price valtrex 500 mg indicaciones viagra 100 mg directions ordering lexapro online cialis dosage 2.5 mg 5mg cialis online viagra online atlantic generic strattera generic valtrex walgreens cialis 5mg holland cheap cialis 80 mg lasix 20 mg tabs metformin abz 500 mg buy aventis clomid generic cialis online levitra order 100 pills super cialis online prednisone 5 mg kegunaannya propecia 1 mg cost lexapro 15mg garlic 1000 mg doxycycline buy viagra cipla viagra бrak 25 mg propecia online hong doxycycline online cheap generic viagra efficacy brazilian generic viagra 600 mg of zoloft cialis de 20 mgr doxycycline 75 mg capsules amoxil 250 mg bula cialis 10 mg experience levitra 20 mg viagra glucophage 1000 mg sr tetracycline hydrochloride 500 mg priligy ftbl 60 mg kamagra 100mg cenik prijs viagra 25 mg viagra 50 mg use wellbutrin 300 mg er order viagra mumbai 5 mg lexapro usage vanzare cialis online buy strattera india generic zovirax india erythromycin bs 500 mg wellbutrin generic ingredients doxycycline 20mg generic cheap viagra pi viagra online bankeinzug metformin 3000 mg dose xenical oscar 120 mg nexium 10 mg administrare diflucan generic online propranolol bula 20mg valtrex de 500 mg lexapro generic wean 2013 cpt zithromax 250mg sandoz metformin 500 mg lexapro cost 20 mg augmentin gonorrhea 250mg buy clomid mexico cialis dosierung 20 mg doxycycline 100mg tekenbeet clomid 50mg prescription prednisone buy online buy viagra clenbuterol cialis 20mg preis to buy clomid 300 lasix 20 mg india tlilly cialis 100 mg viagra generico efeito wellbutrin sr100mg clomid 12.5mg synthroid 0.2 mg nexium 40 mg generic 2011 zithromax online ordering cipro online buying buy clomid nz generic lexapro discount augmentin 800 mg 0.25 mg propecia vs 0.5 600 mg lexapro generic lexapro fda propranolol 10mg cialis 40mg online viagra 100mg pfizer cialis 20mg bayer glucophage 500 mg viagra generico sms splitting 20mg cialis kamagra viagra cheap levitra two 10mg diflucan 200 mg day order 5 cialis 11 mg prednisone wellbutrin generic options cialis 5 mg priapism propranolol gador 10 mg celebrex 200 mg composicion buy zithromax thailand cialis singapore online viagra online buy pct clomid dosimg nexium 20 mg sobres when viagra generic generic cialis aanbiedingen cialis 5 mg rate order nolvadex 20mg cialis online help online propecia generic kamagra 50mg pills obat celebrex 100mg cipro 250 mg uti synthroid 50 mg price viagra buying canada wellbutrin 30 mg zovirax 400 mg dosis generic bactrim ingredients order Levitra 20 mg cialis generico uk amoxil 200 mg zoloft 100mg forum buy online valtrex harga levitra 5mg acquisto cialis generic 1000 mg viagra levitra generic review buy zithromax prescription metformin 500 mg order lisinopril 20 mg used generic viagra kaufen Levitra 20 mg Buy tapering prednisone 50 mg prednisone 5 mg uses levitra generic price xenical 180 mg relsuts acheter kamagra 100 mg lexapro generics australia medikament zoloft 50mg phenergan tabs 25mg generic viagra risks levitra online versand viagra mg chart liquid cialis cheap sildenafil 100 mg viagra cialis 5mg rezept propranolol 80 mg anxiety cialis 5 mgr belgie generic works levitra priligy cheap best generic priligy inderal propranolol 10mg viagra order pills zithromax 400 mg suspension cipro forms online strattera online kaufen buy cheapest propecia nexium cheaper generic viagra walgreens generic viagra details lisinopril tabletas 40 mg 100. mg kamagra online viagra online wa lasix 80 mg online buying propecia generic cialis affiliate finasteride generic propecia metformin 500 mg infertility cialis generic cheap buy doxycycline generique generic viagra cheap cialis 5 mg buy nexium cialis online 40mg celebrex cost 200mg 20 mg cialis first cheap lexapro india zithromax online us viagra buy bangalore buy generic nexium beograd cialis 10mg pret viagra 25 mg nexium 40mg argentina cialis 10mg dose propranolol mk 40 mg valtrex generic 500mg lasix online 90g bactrim mg info generic cialis discount propecia order finasteride 20 mg lexapro half order prednisone 100mg zoloft dosage levitra generika 10mg 1000 mg of valtrex cialis 5 mg uso purchase bactrim online wellbutrin xl 150 mgs cialis 20 mg danger 20 mg levitra viagra pfizer zithromax online amoxil capsulas 500 mg cialis dosage 60mg lexapro dosage 20 mg harga viagra 10mg cipro 200mg abra viagra online generic viagra bestellen generic viagra 4 hours viagra compresse 50 mg valtrex went generic buy viagra inatlanta viagra acquisto online buy xenical 84 capsules erythromycin 250 mg bp cialis pattaya buy zoloft tic disorders cialis 10 mgr jual nexium 20mg valtrex online cheap cipro 25 mg viagra online indian metformin hcl 5mg cipro 500 mg generic cialis generico e20 dosis diflucan 150 mg ordering propecia overseas order nolvadex cheap propranolol shanghai buy zithromax online bestellen buy viagra shops viagra buying limit cialis 80mg philippines venta genericos viagra lisinopril actavis 20mg really cheap cytotec buy viagra america augmentin 457 mg 5 ml 20 mg nolvadex ed 500 mg viagra lasix 50 mg dogs propecia coupon online lexapro 10mg buy lexapro 60 mg daily valtrex generic pregnancy propranolol movement disorders buy dapoxetine singapore levitra 4o mg propecia generic date 2012 viagra 800mg kullanimi venta viagra generica cheap viagra banglore cipro cheap online vanzari viagra 50mg viagra price 100 mg cialis 10 mg enough lasix 30 mg bijsluiter clomid 50 mg buy viagra 150 mg buy buy amoxil 250 mg hydrochlorothiazide 25 mg tabs zoloft tablets 50mg lexapro cost 20mg nexium cheap online prednisone 5 mg taper test cialis 20mg generic viagra wien xenical oral buy wellbutrin xr 300 mg levitra 20mg kosten kamagra online kopen taking 5mg cialis viagra 60 mg buy viagra korea durata viagra 100mg buspar overdose mg generic cipro 600mg zoloft generic drug nexium 40 mg polska farmaco generico cialis generic viagra miami lisinopril watson 10 mg generic valtrex pricing prednisone 80 mg daily 180 mg prednisone celebrex 200 mg buy cialis 50mg australia viagra generic love cialis generico canada generic valtrex 500 mg buying safe cialis review online viagra viagra kamagra online celebrex cheapest pfizer viagra 25mg glucophage tabletas 500 mg nexium 20mg na 300 mg zoloft glucophage taste disorder buy metformin uk augmentin 1000 mg duo ebay propecia generic cheap clomid 50 mg prednisone online 5 mlg synthroid generic ingredients cialis directions 20 mg online generic cialis cheap professional cialis cialis nederland online generic cialis brand cialis 20 mg cupon prednisone 25mg tablets lexapro 20 mg controlled black cialis 3000mg india viagra online viagra mexico generic viagra 100 mg 12 st metformin 500 mg tb24 buy 1g zithromax doxycycline 1 mg buy zeneca nolvadex medicinale levitra 10 mg cialis 100 mg forum wellbutrin 150 mg seizure generic viagra me generic viagra headache generic drugs lexapro levitra 20mg 12st harga lisinopril 5mg cheapest 150 mg viagra forum levitra 5 mg prednisone 0.5 mg tab synthroid 0.15 mg cialis dapoxetine buy blue viagra 3000mg valtrex 500 mg valor diflucan vendita online buy viagra arizona propecia online order metformin ct 1000mg cialis 40 mg cena starting wellbutrin 300 mg cialis 10 mg intervals xenical 120 mg aca buy clomid where amsterdam buy levitra cialis 20 mg prostatectomia buy cialis 40online 1 mg valtrex wellbutrin 450 mg bipolar buy nolvadex safely viagra mastercard generic
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 546 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?