Yankees Still Most Valuable Franchise in Baseball

Chuck Grom builds on his 20-year career as a results-oriented financial analyst with firms such as JPMorgan and Deutsche Bank in his current role as a managing director with Gordon Haskett Research Advisors in New York City. An avid fan of New York sports, Chuck Grom enjoys New York Yankees baseball.

Once again, Forbes has rated the New York Yankees as the most valuable Major League Baseball franchise, estimating the club’s net value at $3.7 billion. The valuation marks a nine percent growth from the prior year. The figures reflect a team that is still thriving financially, despite lackluster performance over recent seasons and a 10 percent decline in attendance since 2015. 

In an attempt to court younger fans and market the venue as a metropolitan destination as well as a sports park, the Yankees recently performed some light renovations to the stadium, taking out over 2,000 outfield seats to make room for patio bars. The team also took advantage of lower interest rates in 2016 by refinancing $1 billion of the bonds used to build the new stadium, improving its leverage in the process.