Forbes: Astros 10th most valuable MLB franchise
The Houston Business Journal reports that Forbes has released its latest valuation of Major League Baseball franchises, and that the Astros rank tenth:
The Houston Astros are worth an estimated $416 million, the 10th most valuable franchise in Major League Baseball, according to Forbes.com.
In the special report, The Business of Baseball, Forbes ranks the New York Yankees as MLB's most valuable franchise, worth $1.03 billion. The biggest winner was the Washington Nationals, whose value rose 42 percent to $440 million to rank sixth out 30 MLB franchises.
[snip]
Forbes calculates revenue, operating incomes, stadium deals and a variety of other metrics in compiling team valuations.
Forbes estimates the Astros took in $173 million in revenue last season and earned $30.2 million before interest, taxes, depreciation and amortization.
Instead of ringing up a friendly Chronicle reporter to argue that the team actually lost money, a team official deferred all questions to the league office, according to Brian McTaggart's reporting for the Chronicle.
Posted by Kevin Whited @ 04/21/06 05:52 PM | Print | Comments (5)
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