The Yankees increased their value 9 percent since last season, even though attendance has dropped 10 percent in the last two years and 18 percent since the new stadium was built in 2009, Forbes reported. The next top names on the list should not be a shock either: Boston Red Sox ($2.7 billion), Chicago Cubs ($2.68 billion), and the San Francisco Giants ($2.65 billion).
Over the past 10 campaigns, a team ranked in Forbes' top five has won the World Series on seven occasions.
The Padres' recent string of losing seasons has not kept the franchise's value from rising. If the Phillies have a losing season in 2017, which is expected, it will be their sixth straight losing season.
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Forbes reported Mike Ozanian notes that the Miami Marlins recently had a handshake deal to sell the franchise for $1.6 billion, although that deal fizzled.
The lowest ranked teams by value were the Oakland Athletics at $880 million and the Tampa Bay Rays at $825 million. John S. Middleton, who owns just under a majority of the team, is one of the five richest people in the state of Pennsylvania. General manager Matt Klentak has repeatedly said the ownership is prepared to make the necessary financial resources available. Forbes released their rankings of the most valuable Major League Baseball franchises, and the Phils came in at ninth. Players already on the roster, like Maikel Franco, will get more expensive as they approach arbitration as well. With revenue increasing faster than costs, many teams are in the black right now.