Who says you don’t get what you paid for? Even if it takes a couple of years.
Forbes has come out with its annual team valuations for Major League Baseball, and guess what the business magazine said the Dodgers are worth in 2014 -- $2 billion.
Or exactly what Guggenheim Baseball Management paid for the Dodgers in 2012 – not counting the additional $150 million it generously gave Frank McCourt for half ownership of the Dodger Stadium parking lots.
That’s a 24% jump in team value from last year. Probably didn’t hurt that its $8.5-billion regional sports network went up, at least for some viewers.
The Yankees remain the most valued franchise at $2.5 billion. They have been the No.1 rated team since Forbes began the evaluations 17 years ago. The Dodgers were ranked second; the Yankees and Dodgers also have the two highest payrolls in baseball.
Overall, MLB teams went up an average of over 9% and the average franchise is now worth $811 million. Or about what Forbes thought the Dodgers were worth when McCourt first put the team up for sale, so these things can change.
The Angels were ranked 10th, with an evaluation of $775 million.Copyright © 2014, Los Angeles Times