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04/11/2003:

take me out to the ball game

Forbes has its 2003 MLB Team Valuations up and surprise, surprise, the New York Yankees rank first with a market valuation of $849mil. gotta love owning the YES network! Steinbrenner's annualized rate of return has beaten the S&P 500 over the same period, so who says baseball teams are bad investments? Yankees valuation numbers break out to:
Annualized Return: 15.95%
Return for the entire period: 8,374.67% (from 1973-2003)

the Astros are in at #11 with a market val of $327mil. don't cry for him Argentina - Drayton's numbers aren't too shabby:
Annualized Return: 11.07%
Return for the entire period: 217.37% (from 1992-2003)

here's the full ranking list with current values:
1. New York Yankees - $849 mil
2. New York Mets - $498 mil
3. Boston Red Sox - $488 mil
4. Los Angeles Dodgers - $449 mil
5. Atlanta Braves - $423 mil
6. Seattle Mariners - $385 mil
7. San Francisco Giants - $382 mil
8. Chicago Cubs - $335 mil
9. Texas Rangers - $332 mil
10. Cleveland Indians - $331 mil
11. Houston Astros - $327 mil
12. Baltimore Orioles - $310 mil
13. St Louis Cardinals - $308 mil
14. Colorado Rockies - $304 mil
15. Arizona Diamondbacks - $269 mil
16. Philadelphia Phillies - $239 mil
17. Detroit Tigers - $237 mil
18. Chicago White Sox - $233 mil
19. San Diego Padres - $226 mil
20. Anaheim Angels - $225 mil
21. Pittsburgh Pirates - $224 mil
22. Cincinnati Reds - $223 mil
23. Milwaukee Brewers - $206 mil
24. Oakland Athletics - $172 mil
25. Toronto Blue Jays - $166 mil
26. Kansas City Royals - $153 mil
27. Minnesota Twins - $148 mil
28. Tampa Bay Devil Rays - $145 mil
29. Florida Marlins - $136 mil
30. Montreal Expos - $113 mil

check out the Forbes article for some cool team valuation charts; "free" registration is required.

in other news that tickles my fancy: i came across this Smoking Gun entry that shows Brittney Spears' Nyla restaurant (that's NY for New York and LA for Louisiana - how clever!) not only crashed and burned, but seems to have welched on some debts. typical.

lastly: thank god that John Ashcroft is our Attorney General. also, thank goodness i am not brown or have an arab sounding name. did i miss the inauguration ball for the new reich?

yippie ki-yea!


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