Forbes: Tigers valued at $643M, up 35%

[kalinecountry]

http://www.detroitnews.com/article/2...3M-35-increase
Forbes: Tigers valued at $643M, up 35%.
from the detnews

http://www.forbes.com/pictures/eddk4...-york-yankees/
MLB Team Values 2013.
forbesmagazine

http://www.forbes.com/sites/kurtbade...f-the-field-2/
Baseball's Highest-Paid Players On And Off The Field.
forbesmagazine

The Detroit Tigers have increased their value by 35 percent in the past year, according to Forbes.

The reigning American League champions are now valued at $643 million, making them the 13th-highest valued team in Major League Baseball.
The team posted revenue of $238 million and an operating income that was $400,000 in the red, thanks to a player payroll that topped $120 million. The team's 2013 payroll is estimated at about $150 million.

The New York Yankees, at $2.3 billion, have the highest team value ? not just in baseball, but in every U.S. sport. The Los Angeles Dodgers, at $1.6 billion, are the second highest valued team, followed by the Boston Red Sox at $1.3 billion.

The average major league team is now worth $744 million, according to Forbes, up 23 percent compared to last year. It was the largest year-over-year increase since Forbes began tracking Major League Baseball finances in 1998.

Forbes noted the Tigers boasted baseball's best local television rating ? 9.1 ? in 2012, 41.6 percent higher than the previous season. And ratings were high for radio broadcasts, which had an average audience of 199,700, fourth-best in baseball, according to Arbitron.

 

[turok]

Forbes noted the Tigers boasted baseball's best local television rating ? 9.1 ? in 2012, 41.6 percent higher than the previous season. And ratings were high for radio broadcasts, which had an average audience of 199,700, fourth-best in baseball, according to Arbitron.

Not very surprising, since so many of us here are still chronically unemployed or underemployed, and/or can't afford to often pay for watching live entertainment, other than subscribing to cable/satellite TV most of the time. Plus of course, the Tigers teams have become very competitive, if not perennial contenders, while acquiring and featuring some of baseball's most elite players, after nearly two decades of being one of the continual doormat ballclubs in MLB.

 

[mhughes0021]

definitely cant afford verlander.....shucks.

 

[turok]

definitely cant afford verlander.....shucks.

Mike Ilitch may still think that he can easily afford Verlander....BUT his children and/or wife--err--widow might not agree or even more likely, might not even care one whit if they can, once Mike no longer is able to/capable of making any long-term financial decisions regarding the franchise, or he suddenly is no longer around to make any.

 

[JScottWriter]

Damn I hit the powerball and still can't buy the Tigers.

 

[Thumb]

The team posted revenue of $238 million and an operating income that was $400,000 in the red, thanks to a player payroll that topped $120 million. The team's 2013 payroll is estimated at about $150 million

This is the important part for those posters who keep insisting there is no salary cap, Mr. I may be willing to lose money a few years if he can swing a championship, but he and/or his children wont take a loss for long.

At some point, we're going to cut salary.

 

[zoombabyzoom]

This is the important part for those posters who keep insisting there is no salary cap, Mr. I may be willing to lose money a few years if he can swing a championship, but he and/or his children wont take a loss for long.

At some point, we're going to cut salary.

Problem is with all business their are some expenses that have to be paid. Maybe they paid for most of the new scoreboard last year, or had renovations done,etc.

Just because we ran in the red, doesn't mean we have to cut payroll. We may have had expenses that arent known to the public.

 

[Mitchrapp]

I bet that some people who have so much money, 400k in the red is almost nothing. Sure, no one likes to lose money but this is doable. Honestly i'm surprised it was only 400k.

And, Thumb, I remember us talking about this over the years and though you didn't have a figure in mind - I suspect you didn't expect him to go to 150m. And yet here will are, possible to go up. 400k losses are okay if your other ventures are making money.

 

[Rebbiv]

It was only $400,000 because they made the playoffs and went to the World Series. If they hadn't made the playoffs and/or didn't go that far into the playoffs, the operating income would have been in the millions to the red.

Now we add $30 Mil more in salary for 2013.

 

[Thumb]

I bet that some people who have so much money, 400k in the red is almost nothing. Sure, no one likes to lose money but this is doable. Honestly i'm surprised it was only 400k.

And, Thumb, I remember us talking about this over the years and though you didn't have a figure in mind - I suspect you didn't expect him to go to 150m. And yet here will are, possible to go up. 400k losses are okay if your other ventures are making money.

Like I said Mitch, to try for a few seasons to win a championship, yes.

But in the end he's in business to make money, not lose it. No matter how much other money his other companies make.

Don't believe me? Look at the salary dump the Tigers went with a few years ago after spending their way in to the top 3.

 

[turok]

This is the important part for those posters who keep insisting there is no salary cap, Mr. I may be willing to lose money a few years if he can swing a championship, but he and/or his children wont take a loss for long.

At some point, we're going to cut salary.

A '13 World Series win could provide the or enough Marlins-like impetus to cut bait while the team still has much veteran value. However here's to hoping that Ilitch and/or the clan won't settle for just one and will take advantage of how the team is situated contractually, short-term..ie..Verlander, VMart & Hunter being signed thru '14 and Scherzer being FA eligible by '15, (Miggy/Fister/Avila/AJax not FAs until '16) and go all out for a second consecutive WS win...at the very least.

 

[Mitchrapp]

That's the thing: If the Tigers win, they could go the Marlins route and cut bait or the Yankees route and keep spending. Probably somewhere in between. But for the most part, out key players are on the good side of 30. Hunter and VMart the two older vets can be easily replaced IMO, at much cheaper cost. Hunter's 13m a year can be replaced by Nick C and DH, for the most part can be replaced pretty easily.

And though we have many players who will need raises, some of those guys are gonna get traded one of these days. You can't keep them all.

IMO what the Tigers have to do, is starting having a little TBR in them. When the superstars are making too much money, trade them for young players. I never was one to say limit spending, it's not my money etc. but the one thing I would hate to see happen - our players getting old, slow down and you have to keep them because their value sucks and eventually we'll get back to 100 losses with 140m+ payroll.