analyst Tony Wible, who covers media companies for Janney Montgomery Scott LLC, valued the New York Yankees a Major League Baseball-high $2.85 billion after a group led by Magic Johnson bought the Los Angeles Dodgers in a $2.3 billion transaction.
The Dodgers sold for $900 million more than any other North American sports team. The sum of the sale actually upended the previous two largest combined U.S. sports teams sales which were the Miami Dolphins ($1.1 billion) and the Chicago Cubs ($845 million).
Forbes valued the Yankees at $1.85 billion on $439 million in revenue, while the Dodgers came in No. 2 at $1.4 billion on slightly more than half that revenue total.
Wible said that ...
Read Full Article at Bleacher Report - New York Yankees
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