The Phillies franchise actually went up in value during the pandemic
According to a Forbes article that was released today, no Major League Baseball team dropped in value over the last year. The only team who didn’t see a year-over-year increase from 2020 to 2021 was the American League Champion Tampa Bay Rays ($1.055 billion).
The New York Yankees sit atop of the list as the most valuable franchise with an estimated price tag of $5 billion. The Dodgers, Red Sox, Cubs, and Giants round out the top five on the list. The Marlins, are the least valuable franchise, with an estimated worth of $990 million.
The Philadelphia Phillies are worth $2.05 billion which is good for a two percent increase year-over-year. Yes, it’s still true that the Phillies took a loss in 2020 of roughly $145 million because teams spent money prior to the 2020 season expecting a full 162 game season which as we all know, did not happen.
The Phillies check in at number eight on the list of most valuable teams.
Here’s the methodology that Forbes used to determine the value of each franchise, taken directly from their article:
Our team values are enterprise values (equity plus net debt) calculated using a multiple of revenue. The multiples are based on historical transactions and the future economics of the sport and team. Revenue and operating income (earnings before interest, taxes, depreciation and amortization) measure cash in versus cash out (not accrual accounting) for the 2020 season. Ownership stakes in regional sports networks, as well as related profits or losses, were excluded from our valuations and operating results. Sources include sports bankers, team executives, public documents like leases and filings related to public bonds, and media rights experts.
Mandatory Credit: The Philadelphia Inquirer