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Forbes says Phillies are now worth $2 billion

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John Middleton is the Phillies managing partner. (Cliff Welch/Icon Sportswire)

2019 will go down as one of the most disappointing seasons in franchise history for the Philadelphia Phillies in terms of on-field results. However, from a business sense, the Phillies had another strong year.

In fact, Forbes says that the Phillies are now worth $2 billion. That’s an eight percent total increase from this time last year, when they were valued at $1.8 billion. The eight percent increase is tied with the Minnesota Twins and Toronto Blue Jays for the second largest increase in total franchise value over the past year.