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Royals value is now just short of $1 billion, says Forbes

The Royals moved up one spot in the latest Forbes valuations of Major League Baseball teams.

Forbes estimated the Royals are worth $950 million, which ranked them 24th in baseball. A year ago, Forbes ranked the Royals 25th with a value of $865 million.

David Glass bought the Royals for $96 million in 2000, a fact that is certain to be noted by some fans. But Forbes also noted that the Royals had a net operating loss of $900,000 in 2016. Only five teams had an operating loss last season, according to Forbes.

“The 2015 World Series title helped boost sponsorship,” Forbes wrote about the Royals.