Royals move up one spot in Forbes’ list of Major League Baseball team valuations
There wasn’t much to like about the 2022 Royals season as they won just 65 games and finished last in the American League Central.
Despite that, the value of the Royals increased 8% to $1.2 billion, according to Forbes’ team valuations of all 30 Major League Baseball teams.
The Royals ranked 27th on the list, which was released last week. That’s one spot higher than a year earlier.
Forbes found the Royals had $260 million in revenue, an operating income of $33 million and $54 million in gate receipts a year ago.
The Royals’ plan to move into a downtown stadium is noted by Forbes, which also mentioned the uncertainty surrounding broadcaster Bally Sports Kansas City.
“Among the league’s 30 teams, geography and regional sports network economics played pivotal roles in our valuations, especially with the recent bankruptcy filing of Diamond Sports Group, which has the local media rights to 14 of MLB’s 30 teams,” the authors wrote.
Because of the bankruptcy, six of the teams that have contracts with Diamond had their valuation remain the same as a year ago.
Forbes said the Yankees raked in $143 million in cable money in 2022 via the YES Network, Forbes said. By contrast, the Royals were paid $45 million by Diamond Sports Group, the magazine reported.
Here is the entire list of Major League Baseball team valuations, and the Yankees are ranked first by a country mile.
New York Yankees: $7.1 billion
Los Angeles Dodgers: $4.8 billion
Boston Red Sox: $4.5 billion
Chicago Cubs: $4.1 billion
San Francisco Giants: $3.7 billion
New York Mets: $2.9 billion
Los Angeles Angels: $2.7 billion
Atlanta Braves: $2.6 billion
Philadelphia Phillies: $2.575 billion
St. Louis Cardinals: $2.55 billion
Houston Astros: $2.25 billion
Texas Rangers: $2.225 billion
Seattle Mariners: $2.2 billion
Toronto Blue Jays: $2.1 billion
Chicago White Sox: $2.05 billion
Washington Nationals: $2 billion
San Diego Padres: $1.75 billion
Baltimore Orioles: $1.713 billion
Milwaukee Brewers: $1.605 billion
Colorado Rockies: $1.475 billion
Detroit Tigers: $1.45 billion
Minnesota Twins: $1.39 billion
Arizona Diamondbacks: $1.38 billion
Pittsburgh Pirates: $1.32 billion
Cleveland Guardians: $1.3 billion
Tampa Bay Rays: $1.25 billion
Royals: $1.2 billion
Cincinnati Reds: $1.19 billion
Oakland Athletics: $1.18 billion
Miami Marlins: $1 billion