Forbes: 10 MLB teams decline in value
NEW YORK -- One-third of Major League Baseball teams declined in value over the past year while the New York Yankees' worth increased 15 percent to $1.5 billion, according to the annual estimates by Forbes magazine.
The Washington Nationals took the biggest hit during the recession, down 12 percent to $406 million. The Atlanta Braves dropped 10 percent and the Detroit Tigers and Seattle Mariners each were off 9 percent, the magazine said Wednesday.
The decline by 10 teams ...
Read full story