According to Forbes, Padres' value jumps to over $1 billion

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12 April, 2017

Even amid four consecutive losing seasons, the Philadelphia Phillies' franchise is gaining value.

The New York Yankees are worth a staggering $3.7 billion, making it the most valuable Major League Baseball team and second-most valuable sports team in the world behind the NFL's Dallas Cowboys, according to calculations by Forbes.

The San Francisco Giants finish out the top five at $2.65 billion.

The Phillies are now valued at $1.65 billion, ranking ninth among the 30 Major League Baseball teams according to Forbes, which released the valuations Tuesday. The Padres' ownership group purchased the franchise for $800 million in 2012. Additionally, player expenses over the same period rose 17.2 percent to $143 million.

The article also lists Seattle as having the 12th highest payroll on opening day.

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He did Squire justice, though: Lee and Yes together rocked with more precision than any other performer that night. She was inducted by Jackson Browne, who said the first album he bought with his own money was Baez's second album.

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The band had been a staple on his CBS Late Show since 1996, when they made their debut performing the No Code tune "Hail, Hail". Snoop Dogg speaks during Tupac Shakur's induction into the Rock & Roll Hall of Fame at Brooklyn's Barclays Center on Friday.

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With varying degrees of enthusiasm, the rest of the industry will probably follow - even if some labels hold out for a while. Spotify may be getting impatient, and that's good news for investors.

As one team official said recently, "We're spending more now than we ever have, just allocating it differently".

Forbes reported Mike Ozanian notes that the Miami Marlins recently had a handshake deal to sell the franchise for $1.6 billion, although that deal fizzled.

As a whole, the industry continues to grow. According to ESPN's Darren Rovell, the Yankees have been the most valuable franchise in each of the 20 years Forbes has released its list.

Teams in the top markets like New York, Boston, Chicago, and Los Angeles will always be toward the top of these rankings, but the noticeable difference in overall average team value seems to be coming from a vested interest in the sport from the smaller markets.


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