The Los Angeles Dodgers are the second most valuable franchise in baseball, trailing only the New York Yankees, according to a recent valuation list published by Forbes.
The Los Angeles-based team is valued at $3.4 billion, ahead of the Boston Red Sox ($3.3 billion), Chicago Cubs ($3.2 billion), and division rival San Francisco Giants ($3.1 billion). The Yankees are the only team worth more than $4 billion, landing at an astonishing $5 billion value.
The Dodgers’ valuation is largely a result of their local media revenue through SportsNet LA. According to Forbes, they generated $188 million in revenue last season from their television deal, most in the majors.