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Forbes: 10 MLB teams decline in value

Updated: April 23, 2009, 2:07 AM ET
Associated Press

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 ...

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