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You’ll Never Believe How Most Major League Baseball Teams Are Making Their Money Today

Submitted by on March 30, 2013 – 3:47 pmOne Comment
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Over the course of the last year, the value of Major League Baseball teams has increased by 23 percent as a whole. To put that into the proper perspective, it’s the largest increase ever, according to Forbes, the magazine that has been keeping track of the value of MLB teams since 1998. As of right now, all 30 MLB teams are worth an average of $744 million each. But, it’s pretty interesting to hear why they’re worth so much right now, especially when you consider that MLB isn’t nearly as popular as the NBA or NFL. So, how are MLB owners so rich? Is it because of rising attendance figures, increased ticket prices, or the fact that it costs 10 bucks for a beer at a big-league ballpark?

Nope, nope, and—surprisingly–nope. The reason MLB owners are so stinking rich right now has to do with what they’re doing with their money away from the baseball diamond. Specifically, all 30 owners agreed to invest the $450 million that they earned from the sale of the Montreal Expos back in 2006 in a hedge fund. And, that hedge fund is now worth more than $1 billion, which is giving all of the MLB owners out there something to smile about.

“The value of a team used to be about a team itself,” Forbes executive editor Michael Ozanian told ESPN.com earlier this week. “Then it shifted to stadium value and then to the television deals, and now it’s more about what’s not on the field at all.”

You can definitely say that again. Although MLB owners do make quite a bit of money off things like ticket sales and merchandise, they make even more thanks to things like the MLB At Bat app and the national television revenue that all MLB teams earn on an annual basis. And, those kinds of revenue streams are only going to get more lucrative moving forward. Translation: There’s more money to be made if you’re an MLB owner!

How does that make you feel about Major League Baseball? Are you less likely to attend a game and shell out a couple hundred dollars knowing that you’re helping make MLB owners even richer? Or, do you not care about the profits MLB owners are turning? With the start of another season upon us, let us know what you think about the rich MLB owners below.

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