Yankees retain title of MLB's most valuable team - Forbes

[March 25, 2022] (Reuters) - The New York Yankees are Major League Baseball's most valuable team for a 24th consecutive year, according to the annual list published by business magazine Forbes on Thursday.

Members of the New York Yankees watch from the dugout during the third inning of the second game of a double header against the New York Mets at Yankee Stadium. Mandatory Credit: Brad Penner-USA TODAY Sports

The 27-time World Series champions, which have held the top spot since Forbes began tracking MLB team finances in 1998, were valued at $6 billion, up 14% from last year.

The Los Angeles Dodgers ($4 billion), Boston Red Sox ($3.9 billion), Chicago Cubs ($3.8 billion) and San Francisco Giants ($3.5 billion) rounded out the top five.

According to Forbes, the average value of MLB's 30 teams rose 9% from last year to an all-time high of $2.07 billion due in part to new sources of sponsorship revenue -- jersey patches and helmet decals -- expected to begin with the 2023 season.

The reigning World Series champion Atlanta Braves were ranked 10th on the list with a value of $2.1 billion, up 12% from last year.

(Reporting by Frank Pingue in Toronto, editing by Pritha Sarkar)

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