^
Keep New Times Free
4
| Sports |

The Marlins Are Worth $243 Million More Than They Were Four Years Ago

Jeffrey Loria may try to paint the Miami Marlins as a money drain, but he's certainly getting a big ol' bang for his investment buck. According to new Forbes estimates out today, the Marlins are worth $520 million. That's only 26th in the league, but significantly up from the $360 million the team was worth just two years ago.

See also:
- The Screwball Economics of Major League Baseball
- Six Lies About the Marlins Stadium

Forbes estimates the team brought in $195 million in revenue last year, but that their net operating income was in the negative by $7.1 million. That would be the third-lowest operating income in the league, behind only the Angels of Anaheim and Texas Rangers.

Forbes estimated that the team was worth $450 million in 2012, and $360 million in 2011.

I Support
  • Local
  • Community
  • Journalism
  • logo

Support the independent voice of Miami and help keep the future of New Times free.

In 2009, Forbes estimated the team was worth just $277 million. At the time that was the lowest valuation in baseball.

Owner Jeffrey Loria bought the Marlins in 2002 for just $158.5 million (which included a hefty no-interest loan form the MLB).

So if Loria were to sell the Marlins today for the Forbes estimate of $520 million, he'd be walking away with about $360 million. Oddly, that's just a little less than the City of Miami and Miami-Dade county originally shelled out to build him that new park.

Follow Miami New Times on Facebook and Twitter @MiamiNewTimes.

Keep Miami New Times Free... Since we started Miami New Times, it has been defined as the free, independent voice of Miami, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Miami with no paywalls.

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.

 

Join the New Times community and help support independent local journalism in Miami.

 

Join the New Times community and help support independent local journalism in Miami.