If you have ever wondered how professional franchises are valued; this article will give you some insight. There are a number of factors that are reflected in valuations, but the main one is broadcast rights. As this article points out, baseball is very lucrative at the local television level and can draw viewer interest and sponsorship dollars.
Of interesting note, is the fact that baseball franchises have been increasing in price above the stock market. Sports have been considered recession proof, and it would appear that there is some truth to that.
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