Blue Jays valued at $1.78 billion in latest Forbes MLB franchise rankings

Toronto Blue Jays' Marcus Semien, right, celebrates with teammates Lourdes Gurriel Jr., left, Bo Bichette (11) and Vladimir Guerrero Jr. (27) after hitting a solo walk off home run in the seventh inning of game one of a double header American League baseball game against the Boston Red Sox, in Toronto on Saturday Aug. 7, 2021. (Jon Blacker/CP)

The Toronto Blue Jays are the 14th-most valuable franchise in Major League Baseball, according to the latest valuation rankings by Forbes magazine.

The Blue Jays were valued at $1.78 billion, an increase of six per cent over 2021 valuation rankings, when they were ranked 15th.

Topping the rankings this year are the New York Yankees, at $6 billion, followed by the Los Angeles Dodgers ($4.075 billion), Boston Red Sox ($3.9 billion), Chicago Cubs ($3.8 billion) and San Francisco Giants ($3.5 billion). Forbes reports that the Yankees trail only the Dallas Cowboys ($6.5 billion) as the world's most valuable franchise.

Editor's Note: One of the 30 MLB teams, the Toronto Blue Jays, is owned by Rogers Communications Inc., which also owns Sportsnet.

The bottom three MLB teams are the Kansas City Royals ($1.11 billion), Tampa Bay Rays ($1.1 billion) and Miami Marlins ($990 million).

According to Forbes' website, a number of factors are taken into account while calculating a team's value, specifically "enterprise values (equity plus net debt) calculated using a multiple of revenue. The multiples are based on historical transactions and the future economics of the sport and teams. Revenue and operating income (earnings before interest, taxes, depreciation and amortization) are for the 2021 season and are net of revenue sharing, competitive balance taxes and stadium revenue used for debt service."

Forbes cites sources for its rankings such as sports bankers, team executives, public documents like leases and filings related to public bonds and media rights experts.

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