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Forbes says Phillies franchise value increased by 12% from 2021

Forbes recent released its annual MLB franchise valuations. The Phillies are valued at $2.3 billion, a 12% increase from the 2021 season ($2.05 billion). Only the Cardinals, Mets, Giants, Cubs, Red Sox, Dodgers and Yankees are valued more than the Phillies.

John Middleton is the managing partner of the Philadelphia Phillies. (Cheryl Pursell)

The 12% jump in year-to-year valuation is tied with the Braves and Guardians for the sixth-highest increase in MLB. The Rangers saw the biggest increase (15%) while the Orioles (-4%) were the only team to decrease in value from 2021.