Rangers valued at $825 million by Forbes
03/26/2014 3:16 PM
03/26/2014 3:18 PM
Five MLB teams have been valued at more than $1 billion by Forbes, but the Texas Rangers aren’t in that group yet.
They are the seventh-most valued team in baseball, though, coming in at $825 million. It’s been a steady climb the past few years for the Rangers, as the current ownership group led by Bob Simpson and Ray Davis purchased the club out of bankruptcy with a winning bid of $593 million in August 2010.
The $825 million is an eight percent increase from last season. According to Forbes, the Rangers’ revenue was $257 million last season and they were in the red in terms of operating income, losing $4.9 million.
As far as the team’s payroll, the Rangers are expected to be in the $135 million range this season.
The most valuable team remains to be the New York Yankees ($2.5 billion) followed by the Los Angeles Dodgers ($2 billion), the Boston Red Sox ($1.5 billion), the Chicago Cubs ($1.2 billion) and the San Francisco Giants ($1 billion). The Philadelphia Phillies ($975 million) are also ahead of the Rangers.
The least valuable team is the Tampa Bay Rays at $485 million.
Briefly• Adrian Beltre on the team going into the season: “There’s no dobut we’ve been hit a little bit with a couple injuries lately, but we still believe in the guys who are going to step up and fill in until the other guys’ come back. It’s our job as a team to make sure we do our stuff right and try to fill those holes until everyone is healthy and ready to go.”
• Right-hander Scott Baker has agreed to a minor-league contract with the Rangers and will be in their Triple A rotation. The deal is pending a physical.
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