Posts for forbes

The Phillies Are worth over $1 Billion but Operated at a Loss Last Year

Jim Adair - March 25, 2015

This used to be a ballpark... people came to. Photo credit: Bill Streicher-USA TODAY Sports

This used to be a ballpark… people came to. Photo credit: Bill Streicher-USA TODAY Sports

When we last checked in on the Phillies’ valuation, they were the sixth most valuable MLB franchise, worth $975 million. Since then, they’ve gone both up and down. According to Forbes’ 2015 MLB valuations, the Phillies come in at number ten:

10. Philadelphia Phillies
Team value: $1.25 bil.
Revenue: $265 mil.
Operating loss: $39.0 mil.

The Phillies recently inked a 25-year television agreement with Comcast SportsNet Philadelphia that will begin with the 2016 season and is worth more than $5 billion.

The team’s overall value went up, as did the league’s. “The average baseball team is now worth $1.2 billion, 48% more than a year ago,” according to Forbes. “[That’s] the biggest year-over-year increase since we began tracking team values in 1998. A record 15 MLB teams are now worth at least $1 billion, up from five in 2014.”

Kyle: Few thoughts here:

1) These gains are INSANE, but not surprising. Sports valuations are going up and up thanks to games being one of the few things people have to watch live. We’ve probably reached peak regional broadcast rights deals, but national TV deals (and soon streaming deals?) still have some room to run, I think.

2) The Nationals are ranked ninth, ahead of the Phillies?! They were 13th last year and the Phillies were sixth. Remember that time we all laughed at Jayson Werth? Yeah, we were wrong.

3) The Phillies and, understandably, the spend-happy Dodgers were the only two teams of the top 12 to operate at a loss. In fact, the Phillies had the biggest loss, by far, of any team in the Majors:

Voila_Capture 2015-03-25_02-58-16_PM

That TV deal will kick in soon and things will balance out. But yikes, this is what happens when you have a high payroll and declining ticket sales.

The Sixers Are the 27th Most Valuable NBA Franchise but Their worth Keeps Growing

Jim Adair - January 21, 2015

Screen Shot 2013-04-18 at 10.09.42 AM

Forbes’ 2015 NBA franchise evaluations have been released, and the Sixers’ value has grown as their standing in the league has dropped. Last year, the franchise was worth an estimated $469 million, then good enough for 23rd in the league. This time around, they landed in the 27th spot, but their value jumped up to $700 million. Joshua Harris and his well-suited friends bought the team for $287 million in 2011. The team’s revenue was $125 million with an operating income (profit) of $24 million.

The Sixers still sit well-below the average franchise worth of $1.1 billion, which is a huge jump from last year. Forbes‘ Kurt Badenhausen explains:

What do you get when you combine a massive new $24 billion television contract, a nearly six-year bull market in equities creating tremendous wealth, and cheap credit? You get a massive rise in sports franchise values, with the NBA serving as ground zero for the current boom. The average NBA team is now worth $1.1 billion, 74% more than last year. It is the biggest one-year gain since Forbes began valuing teams in the four major U.S. sports leagues in 1998.

The team grows in value as the league grows in value, but some other franchises are growing faster and passing the Sixers. That’s expected. But we’re betting Harris and his other $3,000-suited friends are patting themselves on the back today.

Eagles, Phillies Make Forbes’ List of the Top 50 Most Valuble Sports Teams

Jim Adair - July 17, 2014

Photo Credit: Robert Deutsch-USA TODAY

Photo Credit: Robert Deutsch-USA TODAY

Forbes released its list of the most valuable franchises in sports today, and as expected the top three spots are claimed by soccer teams. Real Madrid takes the first spot, Barcelona takes second, and Manchester United took the number three spot. From there, it was basically your usual suspects (Yankees, Cowboys, Dodgers, Patriots, etc.) and a little further down came the Eagles:

#17 Philadelphia Eagles
Value: $1.314 billion
Owner: Jeffrey Lurie

The Eagles are wrapping up a two-year, $125 million renovation of Lincoln Financial Field in time for the 2014 season. Changes include new HD video boards and HD TVs around the stadium, as well as 1,600 new seats.

The Eagles hit the list as the 7th most valuable NFL team (after spending some time as the fifth), but the least valuable team in the NFC East (and I’m fine with being valued below teams owned by noted assholes Jerry Jones and Dan Snyder). The rest of the NFL packs the list, with only the Oakland Raiders and Jacksonville Jaguars not making the cut.

Near the bottom of the list, the Phillies come one spot below the SF Giants:

#39 Philadelphia Phillies
Value: $975 million
Owner: Partnership led by David Montgomery

The Phillies signed a new, long-term local television agreement with Comcast SportsNet Philadelphia in January that will begin with the 2016 season and is worth $5 billion, more than twice the team’s current deal with the regional sports network and its over-the-air partner, Philadelphia’s NBC affiliate.

The Philles are the 6th MLB team on the list (behind the Yankees, Dodgers, Red Sox, Cubs, and Giants). And even though number six isn’t bad at all, we can also feel good about the Mets’ standing: “The Raiders, New York Mets and Formula 1’s McLaren dropped out of the top 50.” That feels nice.

Forbes Graph Makes You All Kinds of Sad About the Way Phillies Spend Their Money

Kyle Scott - March 28, 2013

image from

From two years ago

For the second year in a row, the Phillies were Forbes' fifth most valuable team in Major League Baseball (6th in 2011), with a valuation of $893 million, or, about six Cole Hamels. That’s up from $723 million last year. 

Forbes estimates the Phillies churned a small profit – about $600k in 2012 – after a loss of about $11.5 million in 2011. The increase is easily explainable: Forbes estimates the Phillies made an additional $30 million in revenue in 2012. Also, player salaries rose from about $150 million in 2010 to $180 million in 2011, but only another $4 million in 2012. 

Valuations are up all over the league thanks in part to coming increases in national TV dollars. The Phillies can also expect a massive increase in local TV money when their contract with CSN expires in 2015. 

What’s interesting about the Forbes valuation – if not unsurprising – to me, though, is this:


That’s basically wins per player payroll relative to the rest of the league. A score of 100 would be average.

Here’s how Forbes describes it: Compares the number of wins per player payroll relative to the rest of the MLB. Playoff wins count twice as much as regular season wins. A score of 120 means that the team achieved 20% more victories per dollar of payroll compared with the league average during the 2011-12 season.

The highlighted column represents 2009* (108), the year Ruben Amaro took over as GM, with 2010-2013 following from right to left, in order: 95, 86, 75, and 59.

*These figures represent the previous season, i.e. the 108 in 2009 is based on the World Fucking Championship in 2008.

While teams with larger payrolls, like the Phillies, will likely always be under the league average of wins per player payroll, and while a score of 59 is in-line with Yankees and Red Sox figures, the Phillies’ consistent decline is notable. They’ve gotten less value out of every dollar spent each year since Amaro took over as GM. It’s essentially the anti-Moneyball. Take a look at the A’s…

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… and Nationals….

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… and even the Angels…

Screen Shot 2013-03-28 at 9.33.04 AM

We all know the Phillies are spending more and not necessarily seeing more (postseason) success (though two consecutive seasons, 2010 and 2011, with the most regular season wins in baseball isn’t necessarily failure), but the sharp decline in player value – going from a team that won a World Series with a payroll more valuable than the league average to a team that missed the playoffs with one of the highest payrolls in the league – is troubling. This you knew– Forbes just put it into graph form.

Nobody Likes Michael Vick

Kyle Scott - November 7, 2011

Shocker. According to a Forbes poll, he is the most disliked player in the NFL, by fans:

60% of respondents claim the Eagles quarterback as a player they “dislike,” “dislike somewhat,” or “dislike a lot.”


Heh. Just wait until these naked pictures come out

Forbes Releases List of Top 16 Fan Bases

Kyle Scott - August 10, 2010


The Phillies made Forbes' list of top 16 fan bases, just ahead of the Chicago Blackhawks??  This list can't be for real, right?

I stopped reading after 16-12.

Here's the link, but don't waste your time.

16- Blackhawks

15- Phillies

14- Yankees

13- Cavs

Oh, and don't worry, the Spurs are ahead of all of those teams.

H/T to our friends at

Michael Vick Forbes’ Most Hated Athlete

Kyle Scott - June 21, 2010


Michal Vick is one of three Philly related stars to make Forbes' Top 10 list of Most Hated Athletes.  He is joined by Allen Iverson and Terrell Owens.  So what do you have to do to get on this list?  Well to start, kill dogs, rape women, cheat excessively on your wife, lie, take PEDS, take steroids, get in a bowling alley brawl, flake out on your contract, brandish a gun in the locker room, mock said gun in pre-game into, and finally, do sit-ups in your driveway.

Hey, it makes DeSean Jackson teaching sportsmanship actually sound like a decent idea.

The list below.

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