Even though the gang at Guggenheim Partners, with a key assist from Magic Johnson, paid $2.15 billion for the Los Angeles Dodgers, Forbes magazine believes the team is presently worth less. A lot less.
The magazine’s just released list of “The World’s 50 Most Valuable Sports Teams” puts forth the kind of instant-depreciation that would make even a car salesman blush. Check it out:
#1 Manchester United ($2.23 billion)
#2 Real Madrid ($1.88 billion)
#3 New York Yankees ($1.85 billion)
#3 Dallas Cowboys ($1.85 billion)
#5 Washington Redskins ($1.56 billion)
#6 Los Angeles Dodgers ($1.4 billion)
#6 New England Patriots ($1.4 billion)
#8 Barcelona ($1.31 billion)
#9 New York Giants ($1.3 billion)
#10 Arsenal ($1.29 billion)
The paragraph that goes along with the Dodgers slide hints at the reasons why a $2.15 billion price tag makes long-term sense. But right now, you-know-who has a right to continue laughing all the way to the Boston mercantile bank.
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