New York Yankees extend their reign as MLB's 'most valuable team'
The New York Yankees are Major League Baseball's most valuable team for a 25th consecutive year, according to the annual list published by the business magazine Forbes on Thursday.
The 27-time World Series champions Yankees, which have held the top spot since Forbes began tracking MLB team finances in 1998, were valued at $7.1 billion (£5.7bn), up 18% from last year.
The Los Angeles Dodgers ($4.8bn / £3.9bn), Boston Red Sox ($4.5bn / £3.6bn), Chicago Cubs ($4.1bn) and San Francisco Giants ($3.7bn / £3bn) rounded out the top five.
According to Forbes, the average value of MLB's 30 teams rose 12% from last year to $2.32bn (£1.88bn) due in part to higher revenue from ticket sales and premium seating like suites and club seats.
The reigning World Series champion Houston Astros were ranked 11th on the list with a value of $2.25bn (£1.82bn), up 14% from last year.
