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Here's an interesting article from Forbes on the financial numbers behind baseball. As a kid, I used to think that baseball was big business. It's big, but not nearly close to the titans of Wall Street.

According to Forbes, the New York Yankees are the most valuable team in the majors at $1.2 billion (Steinbrenner bought the team for $10 million in 1973, so that's about a 15.1% annual return). The Yankees would be considered a small-cap stock. Most teams, however, are in the $300 million to $500 million range. The Florida Marlins come in last at $158 million, which isn't far from our favorite micro-cap, Nicholas Financial (NICK), at $114 million.

Our local Washington Nationals are the tenth most valuable team at $447 million, which is a lot to pay for 60 wins. (This is going to be a long summer.)

Posted by edelfenbein at April 20, 2007 12:21 PM