About a decade after Maple Leafs Sports and Entertainment bought into Major League Soccer for a $10-million expansion fee, Forbes magazine has valued Toronto FC at an estimated $245 million (all figures in U.S. dollars).
The Reds sit fourth in the league in Forbes’ fourth valuation of franchises, behind the Seattle Sounders ($285 million), Los Angeles Galaxy ($265 million) and New York City FC ($245 million).
The estimates are based on multiples of revenue, as well as projections of future growth for the league.
TFC president Bill Manning said he thinks the club is more valuable than given credit for, but is pleased that the magazine held the club in such high esteem.