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The average Major League Baseball team is now worth $2.4 billion, 4% more than a year ago. With the exception of 2021— when the Covid-19 pandemic disrupted the 2020 baseball season—it was the first time values increased less than 4% year over year since 2010.<br/><br/>The good news? Since Forbes first began doing valuations of MLB teams in 1998, when the average team was valued at $194 million, owning a team would have beaten inflation by more than five-fold and beaten the S&P 500 (excluding the reinvestment of dividends) by nearly double.<br/><br/>Revenue in MLB rose 10% in 2023, to an average of $378 million per team—the steepest increase since 2015. That increase was due to record ticket, merchandise, television and licensing revenue. But operating income (earnings before interest, taxes, depreciation and amortization) only went up 6%, to an average of $19 million due to more spending on players, technology and analytics.<br/><br/>Forbes’ team valuations are enterprise values (equity plus net debt) based on historical transactions and the future economics of the sport and each team. Revenue and operating income (earnings before interest, taxes, depreciation and amortization) are for the 2023 season and are net of revenue sharing, competitive balance taxes and stadium revenue used for debt service. Ownership stakes in regional sports networks, as well as related profits or losses, are excluded from our valuations and operating results, as are investments in real estate and other businesses. (For all-inclusive sports ownership valuations, see the 2023 Sports Empires rankings.) Sources include sports bankers, team and league executives, public documents like leases and filings related to public bonds, and media rights experts.<br/><br/>Read the full story on Forbes: https://www.forbes.com/lists/mlb-valuations/?sh=12ce2ca1421d<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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DUMBARTON ROCK.<br/><br/>Waverley passes Dumbarton Rock on her way to dry dock.<br/><br/>This morning Waverley set off from Glasgow for her annual round of dry dock inspections and maintenance. <br/>Waverley is expected to be in dry dock for around 10 daysbefore returning to Glasgow for final preparations ahead of the crew joining in early May.<br/><br/>WAVERLEY COMES BACK TO LIFE - Engine & Paddles turn for the first time this year!<br/>Waverley’s boilers were lit on Tuesday (2nd April) with steam slowly being raised to full working pressure. <br/>On Wednesday the engine room pumps were operated with the main engine turning today (Thursday) as we test systems and equipment on Waverley ahead of moving to dry dock in the coming week. <br/>This winter has seen some work carried out on the main engine with new parts being fitted. Elsewhere around the ship several contractors are currently working to complete their work scope including the refurbishment works in the crew accommodation. <br/>Waverley is expected to be in dry dock for around 10 days before returning to Glasgow for final preparation ahead of the crew joining in early May. During May the ship will undertake trials before her first passenger sailing on Friday 17th May. <br/>You can book tickets for all sailings up to Sunday 25th August at waverleyexcursions.co.uk or by calling our booking office on 0141 243 2224.
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