July 31, 2013; Los Angeles, CA, USA; New York Yankees relief pitcher Mariano Rivera (42) is presented a gift by Los Angeles Dodgers chairman Mark Walter (right), manager Don Mattingly (8) and part owner Magic Johnson at Dodger Stadium. Mandatory Credit: Gary A. Vasquez-USA TODAY Sports

Los Angeles Dodgers Valued at $2B By Forbes

 

According to Forbes the Los Angeles Dodgers are valued at $2 billion making them the second most valuable MLB franchise and one of the top 5 most valuable franchises in the United States.

Screen Shot 2014-03-26 at 2.28.37 PM

Mandatory Credit: Forbes

You’ll remember that the Dodgers were purchased by the Guggenheim Baseball Partners from Frank McCourt for a reported $2.15 billion in 2012. That sales price is still the highest ever in American professional sports history and likely won’t be passed for some time. When the Guggenheim Baseball Partners acquired the team it was thought by most to be a gross overpay; however, right now it looks like the Partners may have been on to something when they outbid the other contenders.

Shortly after the new ownership group took over they negotiated a reported $8 billion television contract with Time Warner which is now SportsNet LA. We’ll all have to wait and see how that network turns out but for the time being it looks like the Dodgers ownership group is ready to start raking in the cash after losing around $80 million last season.

The Dodgers ownership hasn’t been shy about spending either. This morning it was reported that the Dodgers officially have the highest payroll in baseball, thus ending the New York Yankees 15 year hold on the top position.

Questions remain whether spending all of this money will turn into a World Series title but for right now the Dodgers have the best record in MLB and the best odds of winning the 2014 World Series. Ask any Dodger fan if they are upset with the new ownership. No one will say No.

Tags: Forbes Guggenheim Baseball Partners Magic Johnson Value

comments powered by Disqus