How Much Is A Major League Baseball Team Worth?
The major leagues in Miami are represented by the Dolphins, the Heat, the Marlins, and the Panthers. It has been rumored for a while that the Marlins have been for sale for a while and there are recent reports that there is a "handshake deal" that will be formally announced to sell the team after the 2017 All Star Game which will be held in Miami.
The Panthers are estimated to be worth $239 million, the Marlins $675 million, the Heat $1.3 billion, and the Dolphins $3.1 billion. The values are estimated by Forbes Magazine.
Living in Miami I follow all three teams but have only bought tickets to the Marlins the last few years. I am a TV fan of the Dolphins, Heat, and Panthers and the Marlins.
It is rumored that the Marlins will be sold for about $1.6 billion. The new owner, should he pay that much will have over paid a great deal for the franchise, but according to most people he will have a sweetheart deal on a domed stadium near Little Havana.
The value of sports franchises has exploded! According to Wikipedia Loria spent $158 to buy the Marlins after selling the Montreal Expos to the other owners of Major League Baseball.
The value of any sports team is related to many things. I really could not estimate the value of the Chicago Cubs last season when they won the World Series in November. Somebody probably has revenue and expenditures for the season but that doesn't reflect the value of the teams and its players.
The Marlins on the other hand have had precious few winning seasons during the Loria years. They did win a World Series and the Cubs and the Indians both played important roles on the road to their World Series Championship in 2003.
An art dealer that is a baseball fan ended up owning an MLB Franchise and now he wants to cash in. The new owner should be expected to field a competitive team. It's too bad the City of Miami and Miami Dade county will not get a cut of the windfall that Loria will receive.
The Panthers are estimated to be worth $239 million, the Marlins $675 million, the Heat $1.3 billion, and the Dolphins $3.1 billion. The values are estimated by Forbes Magazine.
Living in Miami I follow all three teams but have only bought tickets to the Marlins the last few years. I am a TV fan of the Dolphins, Heat, and Panthers and the Marlins.
It is rumored that the Marlins will be sold for about $1.6 billion. The new owner, should he pay that much will have over paid a great deal for the franchise, but according to most people he will have a sweetheart deal on a domed stadium near Little Havana.
The value of sports franchises has exploded! According to Wikipedia Loria spent $158 to buy the Marlins after selling the Montreal Expos to the other owners of Major League Baseball.
The value of any sports team is related to many things. I really could not estimate the value of the Chicago Cubs last season when they won the World Series in November. Somebody probably has revenue and expenditures for the season but that doesn't reflect the value of the teams and its players.
The Marlins on the other hand have had precious few winning seasons during the Loria years. They did win a World Series and the Cubs and the Indians both played important roles on the road to their World Series Championship in 2003.
An art dealer that is a baseball fan ended up owning an MLB Franchise and now he wants to cash in. The new owner should be expected to field a competitive team. It's too bad the City of Miami and Miami Dade county will not get a cut of the windfall that Loria will receive.
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