Forbes has produced top-quality business journalism for more than a hundred years. Yesterday, the company released its annual report on the value and profitability of Major League Baseball franchises, including the Reds. It’s a project Forbes has worked on and perfected for more than two decades.
The report’s conclusion: No surprise. Ownership of a major league baseball team continues to be lucrative. According to Forbes, the average MLB franchise is now worth $1.78 billion, an 8% increase over last year.
In December, I outlined how baseball was awash in new money streams from gigantic multi-platform national media deals, Facebook and a subscription video service called DAZN.