The Most Valuable Teams in Major League Baseball

REPLAY VIDEO
Your next video will start in
Pause

Recommended Videos

  • Info

  • Comments

  • VIDEO TEXT

Oct. 23 (Bloomberg) -- Bloomberg's Peter Schwartz and St. John's University's Glenn Gerstner discuss the rising valuations for Major League Baseball franchises with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)

From st.

John's university and heater schwartz.

How do you guess the value?

It is a fairly large spread.

You have the yankees at the top and the tampa bay rays near the bottom.

In the spectrum of major league teams, the averages $1 billion and 10 teams are above that threshold.

The franchise values have been bolstered in recent years by the creation of regional sports television networks that have equity stakes in and buy real estate and buy radio stations and other businesses.

It is no longer valuing teams based on the team itself but really a more robust approach of the other businesses that the team owners use the team as a leverage for.

Did you ever think we would be talking about billions of dollars for sports teams?

How long have you been doing this?

I've been investigating team values assess the early 90 path.

The yankees are valued at maybe 150 million back then.

Owning a professional sports franchise, especially a baseball team, is almost never a bad investment.

I noticed that in a recent article, i said that the team values have gone up i believe 35%. clearly, it is a growth industry.

What about sports management itself?

Tell us about the program at st.

John's. our program started in 1976. right now, it was 300. we have 400 60 undergraduate students.

We have a rise would program.

It is a very popular major for young people.

Will they find jobs?

This text has been automatically generated. It may not be 100% accurate.

Advertisement

BTV Channel Finder

Channel_finder_loader

ZIP is required for U.S. locations

Bloomberg Television in   change