For Pete's Sake

Royals are valued at $700 million by Forbes, a 43 percent increase from 2014

Kansas City Royals owner David Glass (left) talked with Royals manger Ned Yost and general manger Dayton Moore during morning workouts at Surprise Stadium earlier this year.
Kansas City Royals owner David Glass (left) talked with Royals manger Ned Yost and general manger Dayton Moore during morning workouts at Surprise Stadium earlier this year. The Kansas City Star

Times are good for Major League Baseball owners.

In its annual baseball valuations, Forbes magazine noted that the average team is worth $1.2 billion, an increase of 48 percent over 2014.

The magazine also said that since it started tracking team values in 1998, that is the biggest year-over-year increase.

The Royals are valued at $700 million (28th most in Major League Baseball), which is a 43 percent increase over 2014, when they were valued at $490 million.

Additionally, the Royals made a profit of $26.6 million last year.

The Yankees were valued at No. 1 at $3.2 billion, followed by the Dodgers ($2.4 billion), Red Sox ($2.1 billion) and Giants ($2 billion).

Forbes said 15 major-league teams are now worth at least $1 billion. There were just five a year ago.

To reach Pete Grathoff, call 816-234-4330 or send email to pgrathoff@kcstar.com. Follow him on Twitter: @pgrathoff.

Forbes Major League Baseball valuations

Team

Value

Yankees

$3.2 billion

Dodgers

2.4 billion

Red Sox

2.1 billion

Giants

2 billion

Cubs

1.8 billion

Cardinals

1.4 billion

Mets

1.35 billion

Angels

1.3 billion

Nationals

1.28 billion

Phillies

1.25 billion

Rangers

1.22 billion

Braves

1.15 billion

Tigers

1.125 billion

Mariners

1.1 billion

Orioles

1 billion

White Sox

975 million

Pirates

900 million

Twins

895 million

Padres

890 million

Reds

885 million

Brewers

875 million

Blue Jays

870 million

Rockies

855 million

D-backs

840 million

Indians

825 million

Astros

800 million

A’s

725 million

Royals

700 million

Marlins

650 million

Rays

625 million

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