Forbes estimates Royals worth $1.06 billion

Denny Medley-USA TODAY Sports Despite a pandemic-shortened season in which no fans attended games in 2020, the Royals franchise actually went up in value to $1.06 billion according to this year’s annual MLB valuation estimates from Forbes. That represents a 3.4 percent increase from the $1.025 billion estimate from a year ago. An ownership group led by John Sherman purchased the club for $1 billion in the fall of 2019.

Despite collective losses of $1.8 billion last year, Forbes estimates 29 of the 30 clubs increased value, the only exception being the Tampa Bay Rays, despite winning the American League pennant last year. This is reflected a continued demand for ownership stakes, with Steve…