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Monday, September 15, 2025
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Sinking Values

Mets Dugout
Photo Credit: Brad Penner-USA TODAY Sports

Baseball’s rising franchise values could be at risk with this year’s shortened season and empty stadiums. Every team across the league has seen its value increase roughly four-fold over the last decade, but franchise values could drop up to 20% for teams that sell in the next year, according to Bloomberg.

In a normal season, 40% to 70% of an MLB club’s revenues come from stadium activities. Without fans coming to the stadiums, teams won’t see revenue from tickets, concessions, parking, or added merchandise sales. S&P Global Inc. recently projected the New York Mets game-day revenue will drop 85% year-over-year.

The Mets’ sales process presents a real-time case study. Billionaire financier Steve Cohen offered $2.6 billion for the team earlier this year before the deal fell through. Now the bids, including another from Cohen, are reportedly in the $2 billion or less range.

Beyond the financial issues from the pandemic, MLB team values could also see future declines due to the sport’s aging fan base and a potential labor stoppage – which reared its head during the turbulent negotiations to get this season off the ground.

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