New Forbes Figures

[Jon]

NEW YORK (AP) - The New York Yankees became the first baseball team valued at more than $1 billion in the annual estimates made by Forbes magazine.

 

The Yankees' value increased 8 percent to $1.026 billion, the magazine estimated in its May 8 issue, which was released Thursday. New York had revenue of $354 million last year before paying $77 million in revenue sharing and $34 million in luxury tax.

 

Forbes estimated the Yankees had a $50 million operating loss before interest, income taxes, depreciation and amortization.

 

The Boston Red Sox were pegged with the second-highest value at $617 million, followed by the New York Mets ($604 million), Los Angeles Dodgers ($482 million), Chicago Cubs ($448 million) and Washington Nationals ($440 million).

 

Tampa Bay was last among the 30 teams at $209 million.

 

..................

Cleveland had the highest estimated operating income at $34.6 million, followed by Houston at $30.2 million, Toronto at $29.7 million, Washington at $27.9 million, Atlanta at $27.6 million.

 

Other than the Yankees, the only teams with estimated operating losses were the Red Sox ($18.5 million), the Mets ($16.1 million), Florida ($11.9 million) and the Los Angeles Angels ($2.6 million).

 

Other Cubs info:

 

Forbes.com[/url]"]1-Yr Value Chg. 12%

Ann. Value Chg.2 13%

Debt/Value3 0%

Revenue $179 mil

Operating Income4 $7.9 mil

Player Expenses5 $117 mil

Gate Receipts6 $89 mil

 

 

Revenues and operating income are for 2005 season and include baseball's revenue sharing and payroll tax.

1Value of team based on current stadium deal (unless new stadium is pending) without deduction for debt (other than stadium debt).

2Current team value compared with latest transaction price.

3Includes stadium debt.

4Earnings before interest, taxes, depreciation and amortization.

5Includes benefits and bonuses.

6Includes club seats.

[sethuel1]

Those revenues seem low to me.

[LeftCoastCubFan]

Those revenues seem low to me.

The revenues are net after revenue sharing.

[CubFanPhilly]

"THE FLESHY PART OF THE ARM"

 

 

Tony: Look kid, selling a business is complicated.

 

Fitzsimmons: Well Wirtz's offer seems fair. I think I want to go with it.

 

Tony: These things are complicated.

 

Paulie: Do you you even know what your "eh-bidda" is?

 

Fitzsimmons: No. What's "eh-bidda"?

 

Paulie: It gives us a true picture of the value of a bizness: Earnings Before Interest Taxes and "A-MORE'-tiz-ation".

 

Tony: Look, kid. Why don't you let us crunch the numbers. There are lots of buyers out there. Let us make sure you're getting a good deal.

 

Fitzsimmons: Well, uh, sure... Tony. Whatever you guys think. [exits]

 

------

 

Tony: Get the Cuban up here. I need my W-2 and supplemental health insurance!

 

Paulie: Whatever you say boss.

 

-------

Meanwhile....

 

TLR: Look Grady, I'm getting a little tired of the attention this Cubs team is getting. I think it's time their MVP had a little "accident'

 

Grady: Gee boss, I don't know. The Cubs took me in when I was down - looked after me and all.

 

TLR: Don't make me remind you how you got that managing job, or those pictures we have. Put Furcal on it. They'll never suspect a thing. And you can tell him to make it a contusion on the fleshy part of the arm - nothin' more than a 15-day DL stint.

 

That better?

 

Grady: Sure boss. You know I'd do anything for you.

[sethuel1]

Those revenues seem low to me.

The revenues are net after revenue sharing.

ah. Now they make sense. Guess I shoulda read the fine print.