How much money do you have to have to own an MLB team, such as the Yankees or Dodgers?

Answer 1

I'd say well over a couple billion to purchase and run the Yankees. Steinbrenner made a good buy, huh?

Answer 2

for the Yankees or Dodgers you are looking at $500 million to $1 billion. You pay for the salaries with the merchandising and ticket sales revenue so you don't have to worry about that. The new stadium will be partially paid by Tax money from the state of NY and from revenues earned by the team. If you want to purchase a team like the Pirates, Devil Rays, Brewers, etc you will need roughly $250 million. I believe when the Brewers where bought a couple years ago the guy paid around $250 million.

Answer 3

I think the Yankees were appraised at over 1 Billion dollars last year. I would think that the Dodgers are probably at the 500 - 750 Million price tag.

Answer 4

Let me tell you something that will answer this question. Steinbrenner is a multi-billionaire. The new Yankee stadium costs over 1 billion dollars to build. The Yankees' full payroll is over 200 million, the highest payroll in the MLB. You need to pay 200 million dollars a year, 1 billion dollars to build the stadium, and you have to pay the staff, so RICH.

Answer 5

It depends on which team you want to buy. If you want to own the Yankees or the Dodgers, be prepared to have a spare $750 million to $1 billion. On the other hand, if you want to own a team like the Royals or the Tampa Bay Devil Rays, all you need is a roughly $150 - $250 million.

Answer 6

Many hundreds of millions of dollars. In the Yankees case, probably a billion dollars.

Answer 7

If you have a penny you have way more than enough to buy the dodgers

Answer 8

500 million

Answer 9

2 bushels of cabbage... and 3 carrots...