A few weeks ago, as Frank and Jamie fought about just how wealthy the couple actually is, I wrote:
As for the Dodgers, I'm inclined to believe they're currently worth around $900 million, not including the stadium, land, or tax liability. Not a terrible return on a $371 million investment.Forbes disagrees with me, valuing the Dodgers at $727 million. So what's with the disparity? Well, to start with, mine was (mostly) a guess. An educated one, but I don't exactly pay my bills valuing baseball teams. Some folks at Forbes do. The magazine also values teams by a variety of factors--sport, brand, stadium, and brand management--as opposed to the simple revenue multiplier used by other industry watchers. Interestingly, Forbes also shows the Dodgers as running at least $13 million in the black each year since 2006--a figure I'm sure Jamie's lawyers have noticed.