04-17-2008, 10:15 AM
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#1 (permalink)
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Moderator
Join Date: Feb 2008
Location: Buffalo
Posts: 436
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Dodgers Increase Bottom Line
Quote:
Dodgers and Angels see big increases in bottom lines
The Angels did not land a lavish new television contract last winter. They did not unveil new luxury suites. They did raise ticket prices but only modestly in comparison with other major league teams in prime markets.
And yet their franchise value shot up, way up. The Angels jumped from 13th to sixth in the annual Forbes rankings, in a year no other club jumped more than three spots.
Forbes estimated the Angels' worth at $500 million, nearly three times the amount Arte Moreno paid to buy the club from the Walt Disney Co. five years ago.
The Angels, a fixture in the bottom half of the rankings under previous ownership, now trail only the New York Yankees, New York Mets, Boston Red Sox, Dodgers and Chicago Cubs in estimated value.
"They really have turned into a premier franchise," Forbes associate editor Kurt Badenhausen said.
The Dodgers' value has soared under new ownership too. Frank and Jamie McCourt bought the club -- and Dodger Stadium and surrounding parking lot -- for $430 million four years ago. Forbes estimates the club alone is worth $632 million today.
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Dodgers Increase Bottom Line
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