(Reuters) – The New York Yankees are Major League Baseball’s most valuable team for a 24th consecutive year, according to the annual list published by business magazine Forbes on Thursday.
The 27-time World Series champions, which have held the top spot since Forbes began tracking MLB team finances in 1998, were valued at $6 billion, up 14% from last year.
The Los Angeles Dodgers ($4 billion), Boston Red Sox ($3.9 billion), Chicago Cubs ($3.8 billion) and San Francisco Giants ($3.5 billion) rounded out the top five.
According to Forbes, the average value of MLB’s 30 teams rose 9% from last year to an all-time high of $2.07 billion due in part to new sources of sponsorship revenue — jersey patches and helmet decals — expected to begin with the 2023 season.
The reigning World Series champion Atlanta Braves were ranked 10th on the list with a value of $2.1 billion, up 12% from last year.
(Reporting by Frank Pingue in Toronto, editing by Pritha Sarkar)