Nobody in Major League Baseball, much less commissioner Bud Selig, can be happy about this news. According to “The Daily Ticker,’’ an Internet website that focuses on financial issues, Bloomberg Billionaires is reporting ten teams are worth more than $1 billion, including your New York Mets, who are tied for second with the Dodgers and Red Sox at $2.1 billion.
The Yankees, not surprisingly, are first at $3.1 billion.
The report was announced as Game 1 of the World Series approached, which has to make MLB executives steaming because their stance has been to always cry poverty. The numbers are 35 percent higher than the annual Forbes figures, which MLB never confirms nor deny. Matt Miller, editor of Bloomberg, said the Dodgers’ sale changed the landscape of how franchises are valued.
“ … You have to value all of the assets when it comes to the teams, you can’t just do revenue from ticket sales, concessions and stadium-type deals and merchandising,’’ Miller said. “Really the driver of ...