Phillies Are Ninth Most Valuable Franchise In Baseball
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PHILADELPHIA (CBS) – The Phillies are currently the ninth most valuable franchise in baseball, but that might not be for long.
Bloomberg released a list of the valuations of all MLB franchises, including the value of the team itself, along with the value of the regional sports network deal, related business, and MLB advanced media earnings. With a new TV deal on the horizon for the Phillies, that ranking could be primed to take a jump.
The total valuation of the Phillies comes to $1.04 billion, with the team itself worth $928 million, the Phillies do not have any earnings in related businesses or TV networks, and earn $110 annually in MLB advanced media. Though the Phillies do earn money annually in their deal with Comcast to air games, they do not hold a financial stake in the network, so that money is reflected in the team value itself.
The Phillies media rights, listed at $73 million, are only 18th in baseball, even though the team is in a top five market. The new television deal could be worth upwards of $200 million annually.
The $9 million that the Phillies earn in parking revenue per year is directly tied to their attendance, which has suffered during the past two seasons when the team was not winning as much as they had previously. The Phillies were also ranked third in gate revenue.
The top valued team is the New York Yankees, listed at $3.28 billion, followed by the Dodgers at $2.1 billion, the Red Sox at $2.06 billion, the Mets at $2.05 billion, and the Cubs at $1.32 billion.