Are MLB team values and their profits positively related? Any correlation between the two? You might think that the Yanks, currently valued at $1.3 billion, would also be the most profitable, given their likewise ranking of #1 in revenue ($327 million). And since the lowly Marlins are only worth $256 million (last), one would think they suffer the greatest operating losses.
Five years ago, 16 teams lost money. In 2007 only three teams--Blue Jays ($1.8 million), Red Sox ($19.1 million), Yankees ($47.3 million)--posted an operating loss. But even those losses are misleading. For the owners of the Yankees and Red Sox, the huge dividends they get from their unconsolidated cable networks more than make up for the teams' losses.