Forbes: Major League Baseball team valuations

Yeah. I am still getting Forbes Magazine for free.  In the April 26, 2010 issue, it gives the Major League Baseball (MLB) team valuations.  The top honors goes to the New York Yankees at $1.6 Billion in value and operating income of $24.9 million.  The lowest valued team is the Pittsburgh Pirates at $289 million and operating income of $15.6 million.

Let us look at some of the other ways to look at the teams.  On this page, the article has a table that shows the debt to value for each of the teams.  The Yankees are at 89 percent debt to value ratio.  There are two teams who have no listed debt (Atlanta Braves and Toronto Blue Jays).

The Florida Marlins are only at 32 percent debt to value and have a valuation of $317 million.  That gives them a little more than $101 million in debt compared to the Yankees at about $1.4 billion.  The Marlins also had a reported income of $46.1 million.

Yeah, I know, there is still probably huge cash flows from the massive depreciation on the new Yankee Stadium, but it seems like the Marlins would be the team to own.

Click here to read the on-line article

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