I'm by no means a valuation expert but I'm scratching my head at the thought that the Dodgers would be worth over $2 Billion, especially considering the Cubs sold for $845 million in 2009 and McCourt bought the team for $370 mil in '04 and hasn't exactly created a model of success in his tenure. Thoughts or explanation on how they could sell for this much?
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I am dumbfounded as well. A few years ago the Yankees were the most valuable team in sports - a "billion dollar franchise." Now after running comps who knows what they are worth. Only $300M of the selling price is related real estate.
If I'm not mistaken there is some serious value being derived from the potential regional sports network. Fox has already offered $3b for a 17yr extension on their TV deal. It does have to make you seriously wonder though when a guy as smart as Steve Cohen is 30% lower than the $2.15bn winning bid....
Major amount of value coming from the TV rights. The Yankees valuation was based on the team alone. If you had included the YES network with the Yankees valuation it would have been 2X what was paid for the Dodgers.
now we know why....14 years later
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