PHILADELPHIA (CBS) — No Major League baseball team had a higher operating income in 2016 than the Philadelphia Phillies, according to Forbes.
The Phillies’ 2016 operating income — which is earnings before interest and taxes (EBIT) — was $87.7 million, about $4 million more than the Chicago Cubs. The Detroit Tigers had the lowest operating income at negative $36.4 million.
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The Phillies are currently the league’s ninth most valuable franchise valued at $1.