Forbes: Reds value pegged at $337M; Indians, $417M
The Cincinnati Reds
and Cleveland Indians
are worth upward of $300 million, according to a new Forbes magazine ranking, but that's not anywhere near top-of-the-line for Major League Baseball
The Reds ranked 23rd out of 30 in valuation for Forbes' 2007 "The Business of Baseball" ranking. That accounts for a value of $337 million, up 10 percent from 2006, along with revenue of $161 million and operating income of $19.3 million.
The team's valuation is determined by the value of its current stadium deal without a deduction for debt.
By contrast, the Cleveland Indians ranked 15th with a valuation of $417 million, revenue of $181 million and operating income of $29.2 million.
The top-valued franchise, the New York Yankees
, was pegged at $1.31 billion, up 9 percent from the year before. The lowest-ranked franchise for 2007 was the Florida Marlins
, with a value of $256 million.
Other details on Ohio's two major-league teams, compared with the top-ranked Yankees:
- Reds: player expenses, $86 million; gate receipts, $42 million; and average ticket price, $18.
- Indians: player expenses, $82 million; gate receipts, $54 million; and average ticket price, $21.
- Yankees: player expenses, $253 million; gate receipts, $171 million; and average ticket price, $29.
For more details on the Forbes baseball ranking, click here.