Forbes: Phillies fifth most valuable team in MLB

Citizens Bank ParkThe South Philly ballpark has earned its nickname, “The Bank.”

The Phillies are the fifth most valuable team in Major League Baseball, with a net worth of $893 million, according to Forbes Magazine’s annual report.

New York’s Yankees topped the list, as usual, with a staggering $2.3 billion value.

For comparison’s sake:

In 2008, the year the Phillies won the World Series, it was ranked 10th with a value of $481 million.

In 2010, the Phillies were ranked sixth with a value of $537 million.

Quite the jump, wouldn’t you say?

A large chunk of the profits stem from television contracts, which provided teams such as the Texas Rangers (ranked eighth with $764 million) and Los Angeles Dodgers (ranked second with $1.6 billion), with money to burn. The Dodgers signed a $7 billion deal last year, and the Rangers signed a $3 billion deal in 2010.

The Fightin’ Phils, as it happens, are in line for a new TV deal in 2015. Apparently, the team and Comcast are in negotiations on a new contract that may double the team’s rights fees, according to Forbes.

In other words, cha-ching.



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