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Giants' value falls 5 percent in a year


Giants' value falls 5 percent in a year
The Giants' value fell 5 percent in the past year, the only drop among the top 10 most valuable franchises in the majors.

The value of the A's fell 1 percent, and majority owner John Fisher lost $600 million since last summer as Gap shares dropped 40 percent.

Those are among the findings reported by Forbes on Wednesday when the magazine offered its annual take on Baseball finances. Forbes estimated the Giants' worth at $471 million ninth in the majors and the A's at $319 million 27th.

Teams generally don't cooperate with Forbes. Any increase or decrease in a team's value is based on the magazine's estimates the previous year.

According to Forbes, overall team values grew an average of 1 percent over the past year to $482 million, the top five are the Yankees $1.5 billion, Mets $912 million, Red Sox $833 million, Dodgers $722 million and Cubs $700 million.

The Yankees experienced the biggest rise in value 15 percent, the Nationals the biggest drop 12 percent.

Forbes on the Giants' dip: "The team's attendance is down since not re-signing Barry Bonds after the 2007 season, and the value of its personal seat licenses have decreased 60 percent to 80 percent over the past three years."

The magazine also reported the value of the Giants' new cable package at $30 million last year and ranked them tied for eighth in revenues $196 million and 12th in operating income $22.4 million, which it defines as earnings before interest, taxes, depreciation and amortization.

The A's ranked 25th in revenues $160 million, tied with the Tampa Bay Rays, but seventh in operating income $26.2 million, apparently thanks to their healthy revenue-sharing checks and sweetheart Coliseum deal.

The magazine reported the Yankees spent $95 million in revenue sharing. It's believed the Giants pay and the A's receive in excess of $20 million in revenue sharing.

As for Fisher losing $600 million: "Fisher felt the recession's punch as shoppers avoided the mall." Still, according to the magazine, he's worth $1.2 billion.

Team values


Author:Fox Sports
Author's Website:http://www.foxsports.com
Added: April 23, 2009

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