Bet you thought that losing nearly a hundred games annually would hurt the Royals' value. Hahahaha. No.
The Royals didn't crack the top 10 (it wasn't even close) of Forbes' annual rankings of most valuable Major League Baseball franchises, but the boys in powder blue actually jumped 14 percent in value to $341 million. That makes them the 24th most valuable franchise in baseball.
Forbes' write-up was scathing ("Few franchises have squandered the fortune they have
gotten from baseball's revenue sharing system as much as the Royals") but not full of surprises.
Adding some vinegar to the bitterness that many taxpayers who fundedThe winner in all of this is ex-Wal-Mart baron David Glass, who paid $96 million for the team in 2000. It's going to be a helluva return on investment when he finally sells the team.the stadium have is a feud between the city and the state over who will
pay $4 million a year in ongoing upkeep and improvements. The city
nearly defaulted on its lease last year because of lower tax revenue
due to the bad economy and this year Kansas City's mayor is proposing
to stop city funding for the Jackson County Sports Complex. If the city
defaults on their 25-year lease with the Royals, the team can bolt
Kansas City.
1. New York Yankees $1.6 billion
2. Boston Red Sox $870 million
3. New York Mets $858 million
4. Los Angeles Dodgers $727 million
5. Chicago Cubs $726 million
6. Philadelphia Phillies $537 million
7. Los Angeles Angels of Anaheim $521 million
8. St Louis Cardinals $488 million
9. San Francisco Giants $483 million
10. Chicago White Sox $466 million
11. Houston Astros $453 million
12. Texas Rangers $451 million
13. Atlanta Braves $450 million
14. Seattle Mariners $439 million
15. San Diego Padres $408 million
16. Minnesota Twins $405 million
17. Cleveland Indians $391 million
18. Washington Nationals $387 million
19. Colorado Rockies $384 million
20. Arizona Diamondbacks $379 million
21. Baltimore Orioles $376 million
22. Detroit Tigers $375 million
23. Milwaukee Brewers $351 million
24. Kansas City Royals $341 million
25. Cincinnati Reds $331 million
26. Toronto Blue Jays $326 million
27. Florida Marlins $317 million
28. Tampa Bay Rays $316 million
29. Oakland Athletics $295 million
30. Pittsburgh Pirates $289 million
Bet you wish your great, great grandfather Cyrus O'Whateveryourlastnameis had gotten in on the great baseball boom of 1870.
Hat tip to Kansas City Scoop.
Photo via the Royals.
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Perhaps that cheap bastard(glass)could spend some of all that money on a decent middle reliever.
Glass can't profit from the sale of the team. Any profit made on the sale has to be given back to Kansas City Charities. He can only get back what he paid for the team.
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