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<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR vAlign=top><TD noWrap>April 20, 2006
CBS SportsLine.com wire reports </TD><TD width=10> </TD><TD align=right><SCRIPT language=JavaScript><!--//var dclkFeaturesponsor='http://ad.doubleclick.net/adj/sponsorships.spln.com/fs/stories/'+vTag+';'+vTarget+';'+uID+';sz=234x42;tile=5;ord='+random+'?';if (switchDclk != 'off') { if (location.search.substring(1).indexOf('DCLK')>-1) document.write('<input type="text" value="'+dclkFeaturesponsor+'" style="width:">
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</TD></TR></TBODY></TABLE><!-- T9387893 --><!-- Sesame Modified: 04/21/2006 03:51:14 --><!-- sversion: 5 $Updated: ekernish$ -->NEW YORK -- The New York Yankees became the first baseball team valued at more than $1 billion in the annual estimates made by Forbes' magazine.
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</NOSCRIPT></TD><TD width=10> </TD></TR><TR><TD colSpan=2 height=10><SPACER type="block" width="1" height="10"></TD></TR></TBODY></TABLE>The Yankees' value increased 8 percent to $1.026 billion, the magazine estimated in its May 8 issue, which was released Thursday. New York had revenue of $354 million last year before paying $77 million in revenue sharing and $34 million in luxury tax.
Forbes estimated the Yankees had a $50 million operating loss before interest, income taxes, depreciation and amortization.
The Boston Red Sox were pegged with the second-highest value at $617 million, followed by the New York Mets ($604 million), Los Angeles Dodgers ($482 million), Chicago Cubs ($448 million) and Washington Nationals ($440 million).
Tampa Bay was last among the 30 teams at $209 million.
Forbes valued three NFL teams last September at $1 billion or higher: the Washington Redskins ($1.26 billion), Dallas Cowboys ($1.06 billion) and New England Patriots ($1.04 billion).
Cleveland had the highest estimated operating income at $34.6 million, followed by Houston at $30.2 million, Toronto at $29.7 million, Washington at $27.9 million, Atlanta at $27.6 million.
Other than the Yankees, the only teams with estimated operating losses were the Red Sox ($18.5 million), the Mets ($16.1 million), Florida ($11.9 million) and the Los Angeles Angels ($2.6 million).
AP NEWS
The Associated Press News Service
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</TD></TR></TBODY></TABLE><!-- T9387893 --><!-- Sesame Modified: 04/21/2006 03:51:14 --><!-- sversion: 5 $Updated: ekernish$ -->NEW YORK -- The New York Yankees became the first baseball team valued at more than $1 billion in the annual estimates made by Forbes' magazine.
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Forbes estimated the Yankees had a $50 million operating loss before interest, income taxes, depreciation and amortization.
The Boston Red Sox were pegged with the second-highest value at $617 million, followed by the New York Mets ($604 million), Los Angeles Dodgers ($482 million), Chicago Cubs ($448 million) and Washington Nationals ($440 million).
Tampa Bay was last among the 30 teams at $209 million.
Forbes valued three NFL teams last September at $1 billion or higher: the Washington Redskins ($1.26 billion), Dallas Cowboys ($1.06 billion) and New England Patriots ($1.04 billion).
Cleveland had the highest estimated operating income at $34.6 million, followed by Houston at $30.2 million, Toronto at $29.7 million, Washington at $27.9 million, Atlanta at $27.6 million.
Other than the Yankees, the only teams with estimated operating losses were the Red Sox ($18.5 million), the Mets ($16.1 million), Florida ($11.9 million) and the Los Angeles Angels ($2.6 million).
AP NEWS
The Associated Press News Service
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