Padres team valued at $458M, ranks 20th of 30 MLB franchises - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

Padres team valued at $458M, ranks 20th of 30 MLB franchises

Posted: Updated:

SAN DIEGO (CNS) - The Padres baseball team is valued at $458 million, ranking 20th among the 30 teams in Major League Baseball, Forbes magazine reported Wednesday.

The valuation represents a 13 percent increase over last year, but the hike wasn't enough to keep the Padres from slipping two spots in the annual rankings.

The San Diego team also ranked fourth among the five National League West clubs, only ahead of the Arizona Diamondbacks.

The local franchise is getting a financial boost via a lucrative 20-year television deal with Fox Sports, which began broadcasting the team's games last Saturday. Forbes said the fiscal prospects of the sport as a whole is being lifted by an infusion of TV cash.

The Padres' revenues of $163.2 million were 26th, and $23.2 million in operating income -- earnings before non-cash charges and interest expenses -- ranked 11th.

  • SportsMore>>

  • Ultimate Pigskin Picks

    Ultimate Pigskin Picks

    CBS 8 invite you to play along with other San Diego football fans each week and pick the winners!  See how you do against News 8's Sports Director, Kyle Kraska and win weekly prizes!

     

    CBS 8 invite you to play along with other San Diego football fans each week and pick the winners!  See how you do against News 8's Sports Director, Kyle Kraska and win weekly prizes!

     
  • Orioles hire Mike Elias from Astros as executive VP, GM

    Orioles hire Mike Elias from Astros as executive VP, GM

    Friday, November 16 2018 2:20 PM EST2018-11-16 19:20:35 GMT
    Friday, November 16 2018 2:50 PM EST2018-11-16 19:50:17 GMT
    Astros assistant general manager Mike Elias has been hired to rebuild the Baltimore Orioles, who traded many of their star players last season before finishing with the worst record in the majors. 
    Astros assistant general manager Mike Elias has been hired to rebuild the Baltimore Orioles, who traded many of their star players last season before finishing with the worst record in the majors. 
  • Boston's Betts, Milwaukee's Yelich win MVP Awards

    Boston's Betts, Milwaukee's Yelich win MVP Awards

    Thursday, November 15 2018 6:40 PM EST2018-11-15 23:40:20 GMT
    Friday, November 16 2018 2:44 PM EST2018-11-16 19:44:28 GMT
    Milwaukee outfielder Christian Yelich was a runaway winner for the National League Most Valuable Player award after helping the Brewers return to the playoffs for the first time in seven years. 
    Milwaukee outfielder Christian Yelich was a runaway winner for the National League Most Valuable Player award after helping the Brewers return to the playoffs for the first time in seven years. 
Powered by Frankly
All content © Copyright 2000 - 2018 KFMB-TV. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.