Yankees worth $1.6 billion

Updated: April 7, 2010, 9:10 PM ET
Associated Press

NEW YORK -- The New York Yankees are worth nearly twice as much as any other team in baseball, according to the annual estimates by Forbes magazine.

The Yankees were valued at $1.6 billion, Forbes said Wednesday, up 7 percent from a $1.5 billion value last year. The magazine said the team had $441 million in net revenue in the first season at its new ballpark after paying to baseball's revenue sharing program and financing the stadium.

The Boston Red Sox were next, going up 4 percent ...

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