Sep 28, 2013; New York, NY, USA; A general view of the field before the start of the New York Mets and Milwaukee Brewers game at Citi Field. Camporeale-USA TODAY Sports

Bloomberg News: Mets Worth $2.05 Billion


According to a report by Bloomberg News, the Mets are worth $2.05 billion dollars, making them the fourth most valuable franchise in baseball.  The only teams ahead of them are the Yankees, Dodgers, and Red Sox.

Bloomberg values the worth of the team at $779 million (8th overall).  It’s the Mets’ 65 percent ownership of SNY (valued at over $1.16 billion) that vaults their total worth to over $2 billion.  According to Bloomberg, SNY is worth more than every other team owned network.

There were no other business ventures factored in to the valuation of the Mets’ worth.

In addition to the more general breakdown that’s outlined above, Bloomberg also broke down the Mets’ various revenue streams.

Of the $265 million worth of revenue the team brought in this year, here’s how the majority of it shook out:

  • $120 million from media rights (2nd overall)
  • $72 million from gate receipts (13th overall)
  • $55 million from sponsorships (1st overall)
  • $26 million from concessions (6th overall)
  • $9 million from parking (5th overall)
  • $2.1 million from attendance (21st overall)

Bloomberg also notes a net loss in 2013 of $27 million.

Thoughts:

Any time the Mets and money are used in the same sentence, the attention will inevitably go to Fred Wilpon, Saul Katz, and Jeff Wilpon.  That’s a circumstance that can’t be prevented.

However, with the club having pledged to jump back into the free agent and trade markets this off-season, it’s prudent to wait and see what the Mets do with their money before throwing out blind “The Mets are worth $2 billion, they should sell” comments.

No matter what you’re feelings are regarding ownership and how the club has been operating lately, the Mets being the fourth most valuable franchise in baseball can only be viewed as a good thing.

 

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Tags: Fred Wilpon New York Mets SNY

  • Ken Meoni

    Will the Wilpons ponder the sale of the team? One can only hope. Danny, the frustration of being a Met fan……..in the same town as the Yankees, just has to be released in some way. Sorry, but as a Met fan since 62, I just couldn’t help myself.

    Couple that with me being an Islander fan with that cheap owner and hearing how that team is deep with talent, is just too much to take.
    Both owners should put us out of our misery and sell to an owner willing to spend the money that is in line with what the team is worth. The new owner who would spend to build a winner? A certain Nets owner comes to mind.