Forbes has ranked the Sacramento River Cats as Minor League Baseball’s most valuable team.
Apparently, billionaires like Warren Buffet own stakes in minor league baseball teams. But, they don’t own them for the prestige; Forbes says minor league teams are just smart business.
Citing factors like how minor league baseball games provide affordable entertainment (compared to their major league counterparts) and unique attractions at stadiums, teams like the River Cats have managed to stay strong even through the recession.
Minor league teams are regularly able to give owners a good return on their investments. Plus, as Forbes cites, owners can sell teams and make a profit.
Forbes ranks the River Cats at number one, with a team value of $32 million, revenue of $20 million, and operating income of $9.7 million.Copyright © 2014, Los Angeles Times