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- Stan Kroenke has agreed to buy the Los Angeles Angels in a deal that values the team and its regional sports network at $4 billion.
- The deal values the Angels at 10 times 2025 revenue, above the eight-times-revenue multiple in the $3.9 billion sale of the San Diego Padres.
- CNBC’s updated MLB valuations put the average MLB team value at $4.04 billion, up 37% since March, with the Yankees now worth $12 billion.
Mike Trout of the Los Angeles Angels makes a diving catch on a ball off the bat of Petey Halpin of the Cleveland Guardians during the fourth inning at Angel Stadium in Anaheim, California, Aug. 25, 2026.Scott Strazzante | Getty Images
Stan Kroenke has agreed to buy the Los Angeles Angels from the Moreno family in a deal that values the MLB team and its regional sports network, Angels Broadcast Television, at $4 billion.
The record MLB valuation for the Angels is equivalent to 10 times the team’s 2025 revenue, according to CNBC’s MLB valuations published earlier this year. In comparison, the $3.9 billion sale of the San Diego Padres to José Feliciano and Kwanza Jones, approved by the MLB last month, had a multiple of eight times revenue.
CNBC has updated its MLB valuations based on the Angels deal, focusing on valuation-to-revenue multiples, market and stadium economics.
The average MLB team is now worth $4.04 billion, 37% more than our MLB valuations in March. The New York Yankees top the list with a value of $12 billion, 28% more than in March. The least valuable MLB team is still the Miami Marlins, but we now value the team at $2.2 billion, a 57% increase from March. The New York Mets, now worth $5.4 billion, jumped to fifth on our list, leapfrogging the San Francisco Giants and Philadelphia Phillies.
Bankers CNBC spoke with regarding the Angels deal stressed that location is a big factor in the trophy appeal of owning a sports team. To wit: The recent announcement that Josh Kushner and Bob Iger have agreed to buy the NBA’s Los Angeles Lakers at a $12.5 billion valuation.
We did not adjust the value of the Los Angeles Dodgers from our March rankings, keeping it at $8 billion, due to the controversy surrounding the team’s owner, Mark Walter.
| Rank | Team | Real-time value | Change in value since 3/13/2026 | Value on 3/13/2026 | Revenue | EBITDA | Debt as % of Value | Owner(s) |
| 1 | New York Yankees | $12B | 28% | $9B | $755M | $5M | 1% | Steinbrenner family |
| 2 | Los Angeles Dodgers | $8B | 0% | $8B | $950M | $92M | 8% | Guggenheim Baseball Management |
| 3 | Chicago Cubs | $7B | 33% | $5.25B | $552M | $74M | 8% | Ricketts family |
| 4 | Boston Red Sox | $6.9B | 38% | $5B | $537M | $66M | 5% | John Henry, Thomas Werner |
| 5 | New York Mets | $5.4B | 52% | $3.55B | $520M | $-280M | 8% | Steve and Alexandra Cohen |
| 6 | San Francisco Giants | $5.35B | 41% | $3.8B | $491M | $38M | 4% | Greg Johnson |
| 7 | Philadelphia Phillies | $5.3B | 47% | $3.6B | $523M | $-51M | 4% | Middleton family, Buck family |
| 8 | Houston Astros | $4.7B | 42% | $3.3B | $486M | $33M | 2% | Jim Crane |
| 9 | Atlanta Braves | $4.65B | 43% | $3.25B | $508M | $32M | 8% | Atlanta Braves Holdings |
| 10 | San Diego Padres | $4.1B | 32% | $3.1B | $484M | $20M | 11% | Seidler family |
| 11 | Texas Rangers | $4.05B | 47% | $2.75B | $441M | $-13M | 25% | Ray Davis |
| 12 | Los Angeles Angels | $4B | 48% | $2.7B | $401M | $-11M | 0% | Arturo and Carole Moreno |
| 13 | Toronto Blue Jays | $3.65B | 43% | $2.55B | $447M | $-39M | 0% | Rogers Communications |
| 14 | St. Louis Cardinals | $3.45B | 33% | $2.6B | $376M | $25M | 7% | William DeWitt Jr. |
| 15 | Seattle Mariners | $3.3B | 40% | $2.35B | $411M | $42M | 11% | John Stanton, Chris Larson |
| 16 | Washington Nationals | $3.05B | 49% | $2.05B | $314M | $-17M | 27% | Lerner family |
| 17 | Athletics | $3B | 20% | $2.5B | $324M | $2M | 8% | John Fisher |
| 18 | Baltimore Orioles | $2.95B | 48% | $2B | $328M | $-21M | 11% | David Rubenstein |
| 19 | Chicago White Sox | $2.9B | 35% | $2.15B | $224M | $-54M | 9% | Jerry Reinsdorf, Justin and Mat Ishbia |
| 20 | Arizona Diamondbacks | $2.85B | 44% | $1.98B | $360M | $-11M | 6% | Ken Kendrick |
| 21 | Detroit Tigers | $2.8B | 45% | $1.93B | $356M | $20M | 8% | Ilitch family |
| 22 | Milwaukee Brewers | $2.7B | 42% | $1.9B | $350M | $32M | 13% | Mark Attanasio |
| 23 | Colorado Rockies | $2.65B | 51% | $1.75B | $325M | $20M | 7% | Charles and Richard Monfort |
| 24 | Tampa Bay Rays | $2.5B | 47% | $1.7B | $287M | $27M | 7% | Patrick Zalupski |
| 25 | Cleveland Guardians | $2.45B | 45% | $1.69B | $339M | $37M | 6% | Paul Dolan, David Blitzer |
| 26 | Cincinnati Reds | $2.4B | 43% | $1.68B | $351M | $45M | 9% | Robert Castellini |
| 27 | Minnesota Twins | $2.35B | 42% | $1.65B | $352M | $20M | 12% | Pohlad family |
| 28 | Pittsburgh Pirates | $2.3B | 40% | $1.64B | $334M | $30M | 9% | Nutting family |
| 29 | Kansas City Royals | $2.25B | 38% | $1.63B | $332M | $5M | 17% | John Sherman |
| 30 | Miami Marlins | $2.2B | 57% | $1.4B | $304M | $35M | 29% | Bruce Sherman |
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