After the Guggenheim Group purchased the Dodgers for a record $2.15 billion about two years ago, many owners and general managers have since commented negatively about the team’s spending ways. However, since the purchase was made, a very beneficial trend has actually occurred for all of baseball.
According to a report by Bloomberg Billionaries, the Dodgers’ sale increased valuations of teams by 35 percent. In addition, there are 10 teams worth over $1 billion including the Dodgers, who rank second behind the New York Yankees at $2.1 billion.
The reason why all teams benefited from the Dodgers’ sale was not because of revenue from tickets and merchandising, but instead from regional sports networks. The new owners of the Dodgers decided to start their own regional sports network, SportsNet LA that is scheduled to begin this upcoming season on Time Warner Cable. While it hasn’t been approved by the league, the deal is valued as high as $8.5 billion.
With the Dodgers’ ownership committed to building a winning brand, it’ll be interesting to see where Los Angeles ranks a couple years from now and the impact the franchise has on the rest of the league.
Dodgers Nation News
Dodgers’ Sale Increased Valuations Of MLB Teams By 35% [Dodgers Now]
Kershaw T-4th In Sporting News Player Of The Year [True Blue LA]
Interesting Language In Guerrero Contract [Dodgerscribe]
Mattingly Will Be Back For 2014, At Least [True Blue LA]
Dodgers, Red Sox Swap Minor-League Outfielders [Dodgers Blog]
MLB Addresses Speculation On Lester’s Glove [MLB]
The Marlins “Promise” They Won’t Lose 100 Games Next Year [HardballTalk]
Lester Cheated, But Did It Wrong [Bleacher Report]
Cabrera Named The Sporting News Player Of The Year [SB Nation]
Mets: Harvey Has ‘Successful’ Surgery [Bleacher Report]
In case you missed it, here’s the Dodgers pool celebration, PLUS Yasiel Puig’s celebration dance off!