New Valuation Affirms Yankees As American And Global Powerhouse
study from Sportico has named the New York Yankees as Major League Baseball’s (MLB) most valuable franchise in 2021.
Valued at AUD$8.82 billion, the Yankees ranked ahead of the Los Angeles Dodgers (AUD$6.04 billion), the Chicago Cubs (AUD$5.41 billion) and the San Francisco Giants (AUD$4.56 billion).
MLB’s least valuable team was the Miami Marlins, valued at AUD$1.46 billion.
Combing all 30 teams, the average MLB franchise is now worth roughly US$2.88 billion in 2021, and worth a total of AUD$86 billion together.
Sportico estimated team values by combining team value with team-related businesses, such as local sports networks and real estate.
For the Yankees, they were estimated to have a team value of AUD$7.3 billion, with team-related businesses and real estate totalling AUD$1.52 billion.
With 27 World Series titles to their name, the Yankees are baseball’s most historically successful team, and their franchise value holds up to fellow heavyweights in other sports.
Forbes’ 2020 list of the most valuable sports teams in the world had the Bronx-based team in second spot, worth approximately AUD$6.5 billion according to their calculations.
They were trumped by the National Football League’s (NFL) Dallas Cowboys, worth AUD$7.2 billion.
The Cowboys have won five Superbowls in their existence, tying with the San Francisco 49ers but trailing behind the New England Patriots and Pittsburgh Steelers, who both boast six Superbowl victories.
The National Basketball Association’s (NBA) New York Knicks took third spot on the list, valued as the most expensive franchise in basketball at AUD$6 billion.
Despite their hefty valuation, the Knicks have only won two NBA Championships, compared to league leaders the Los Angeles Lakers and Boston Celtics with 17 a-piece.
They have also failed to make the playoffs since their last visit in 2013, however are valued high due to their location, history, and association with Madison Square Garden and its associated networks.
European football teams did not feature in the top 5, however Spanish clubs Real Madrid and Barcelona took spots 6 and 8 respectively, both valued at over AUD$5.2 billion each.
Real Madrid and Barcelona have won La Liga 33 and 26 times respectively, ahead of Atletico Madrid with ten titles.
Real Madrid have also notably won the UEFA Champions League a record 13 times, more than any other European team.
Manchester United are unsurprisingly the most valuable franchise in the United Kingdom, valued at just under AUD$5 billion with 20 English league titles to their name.