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Yankees worth 86% more than Red Sox
THE BOSTON RED SOX are worth nearly a billion dollars, according to Forbes magazine, and have been a solid investment for John Henry, principal owner of the team, photographed in his Fenway Park suite in 2009.
BLOOMBERG NEWS FILE PHOTO/JASON GROW
By Kimberley Donoghue
PBN Web Editor
Twitter: @kydonoghue
7/13/11
BOSTON – The New York Yankees are worth 86 percent more than the Boston Red Sox, according to Forbes.
The magazine said the Yankees were worth $1.7 billion, earning the No. 3 spot on its “The World’s Most Valuable Sports Teams” ranking, while the Red Sox, valued at $912 million, came in at No. 31.
The most valuable team in the world was Manchester United, at $1.86 billion, followed by the Dallas Cowboys, $1.81 billion, the Yankees, the Washington Redskins, $1.55 billion, Real Madrid, $1.45 billion, and the New England Patriots, $1.37 billion.
Forbes noted that the Patriots, at No. 6, had higher sponsorship revenue in 2010 and strong demand for tickets despite the highest prices in the league.
“NFL owners claim they are not getting a big enough share of the league’s $9 billion in revenue, but a look at the world’s 50 most valuable sports teams shows how valuable NFL teams already are,” said Forbes. “The list is littered with NFL franchises – all 32 teams make the cut.”
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