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Sounds like a promising investment. I'll just settle for #30 ranked Florida Marlins at $256 million.
Remember when money won the Marlins the world series but made the team lose money because of the increased payroll expenses of having top players?
Good News for MLB Franchise Owners
Submitted by Craig Hsueh on Fri, 2008/04/18 - 07:53.
If you own an MLB franchise, Forbes has good news. You are getting rich like never before.
Your revenues went up in 2007 by 7.7%. If you are just an average unit in the Major League Baseball system, your franchise is worth $472 million. When you sell your franchise, you can expect a 9.5 percent increase above last year's value and an increase of 143% since the franchise business value was calculated beginning in 1998.
How's that for an investment?
It turns out that all the media was wrong on how the use of steroids by franchise employees (baseball players) was driving away customers. System-wide, customers broke attendance records last year, with over 79 million fans attending a ball game.
Location seems to be the biggest factor in the rising value of an MLB franchise. The NY Yankees valued at $1.3 billion and the NY Mets come out as #1 and #2 of the most valuable MLB franchises.
I gotta get me one of those franchises!
Read more at The Business of Baseball, Forbes
