Stan Kroenke has reached an agreement to purchase the Los Angeles Angels from the Moreno family for $4 billion, marking a historic valuation for the team and its regional sports network, Angels Broadcast Television.
This valuation represents a multiple of 10 times the team's projected revenue for 2025, surpassing the recent $3.9 billion sale of the San Diego Padres, which was valued at eight times revenue. Following this transaction, CNBC has updated its MLB valuations, revealing that the average MLB team is now worth $4.04 billion, a 37% increase since March.
The New York Yankees remain the most valuable team at $12 billion, while the Miami Marlins, despite being the least valuable, have seen a 57% increase to $2.2 billion. The New York Mets have also risen in value to $5.4 billion, moving ahead of the San Francisco Giants and Philadelphia Phillies.
Analysts note that location plays a crucial role in the desirability of owning a sports team, as evidenced by the recent $12.5 billion valuation of the Los Angeles Lakers. The valuation of the Los Angeles Dodgers remains unchanged at $8 billion due to ongoing controversies surrounding their ownership.
This record-setting sale not only highlights the growing financial landscape of MLB but also indicates a broader trend of increasing valuations across professional sports franchises