The folks at Forbes Magazine have been assessing just how much major league baseball teams are worth as we head into the 2011 season and there’s good news for the Detroit Tigers. They’ve moved up the Forbes scale from 22nd to 21st.
Every year at about this time, Forbes Magazine takes a close look at major league baseball teams to assess a value on them. This year, as usual, the Bronx Bombers were far and away the highest valued team. Forbes places a value on the New York Yankees at 1.6 billion dollars. Boom, right out of the park!
As for our Detroit Tigers, Forbes ranks them 21st most valuable in all of major league baseball this year with a price tag of $385 million dollars. Last year the magazine pegged their value at $375 million, 22nd on the list.
This year, the average value for a major league team is $523 million, an all time record high for an average.
While the Tigers may rank 21st now out of the 32 major league ball clubs, things aren’t all peaches and cream. Their 29 million dollar operating loss is the worst in baseball.
While Forbes checks up on major league baseball teams, we’re still on the edge of our seats here in Detroit to see who is going to wind up owning the Detroit Pistons.
It’s been kind of a yo-yo ride. Initially just about everybody figured out that Mike Ilitch, who owns the Tigers and Red Wings, would wind up with the team. But then he dropped off the radar and a new suitor emerged as the favorite — San Diego billionaire businessman Tom Gores, who has ties to Michigan.
Then the Gores name cooled off and the speculation returned to Ilitch. That’s where we stand now. We’ll keep you posted.