Which team is the highest-valued MLB franchise in 2025?
CNBC unveiled the full list of this year’s MLB franchise valuations, sorting team worth, 2024 revenue and more. While some teams are in expected spots, others are more surprising.
Where are the Dodgers and Angels?
The New York Yankees are No. 1 on CNBC’s list. Owned by the Steinbrenner family, New York tops the ranking with a value of $8 billion, a lead of over $2 billion from the next highest team.
Get top local stories in Southern California delivered to you every morning. Sign up for NBC LA's News Headlines newsletter.
And how much did the Steinbrenner family pay for the Yankees when they took over in 1973? Just $8.8 million. The team collected $705 million in revenue last season alone.
The Dodgers come in at No. 2 with a valuation of $5.8 billion. The storied franchise was purchased by the current high-spending ownership team in 2021 for $2 billion.
The Angels check in at No. 11 with a valuation of $2.7 billion. The team in Anaheim was purchased in 2003 for $183.5 million.
Sports
Get today's sports news out of Los Angeles. Here's the latest on the Dodgers, Lakers, Angels, Kings, Galaxy, LAFC, USC, UCLA and more LA teams.
In third is the Boston Red Sox, owned by John Henry and Thomas Werner. The pair bought the team for $380 million in 2022, and now the franchise is worth $4.7 billion.
Rounding out the top five are the Chicago Cubs ($4.45 billion) and San Francisco Giants ($3.8 billion).
Flipping over to the bottom five, it’s a group of mostly small-market franchises – except for one surprise. Every team is valued at least above $1 billion, which is also the case in the NHL.
In 26th is the Cincinnati Reds, worth $1.5 billion. The Reds are followed by the Pittsburgh Pirates ($1.47 billion), Kansas City Royals ($1.45 billion) and Tampa Bay Rays ($1.4 billion).
Last is the Miami Marlins, who are valued at $1.2 billion. Despite being in a sizable market, Bruce Sherman, an American businessman, bought the team in 2017 for the same exact price – $1.2 billion – but has not seen a change in value.
Miami brought in just $296 million in revenue last season, going 62-100 on the field. Only the Athletics ($275 million), now temporarily based in Sacramento ahead of a planned Las Vegas move, ranked lower in revenue.
