Thursday, March 28, 2013

Red Sox Are Third Most Valuable MLB Franchise

The next time the Red Sox ownership cries 'poor-mouth' about 'luxury tax thresholds' and 'declining attendance', keep in mind the following fact: Boston now has the third most valuable MLB franchise—trailing only the Yankees and Dodgers. According to FORBES magazine's analysis, the worth of your Carmine Hose is a whopping $1.3 billion. That's almost double what the NOG paid for the team, Fenway Park and NESN in 2002 ($700 million). Not a bad return during an otherwise bleak economic period. I think they can hack the reduced food revenues in April. What do you think?