Good morning, all. While we wait for Cole Hamels to take the mound today, Forbes has released its 12th annual rankings of MLB franchise values, and the World Series-champion Phillies came in seventh at $496 million, a 3 percent increase from last season when they ranked 10th at $481 million. Not bad, considering the present ownership group bought the team for $30 million in 1981.
Here's a list of the top 10 most valuable franchises:1. New York Yankees -- $1.5 billion
2. New York Mets -- $912 million
3. Boston Red Sox -- $833 million
4. Los Angeles Dodgers -- $722 million
5. Chicago Cubs -- $700 million
6. Los Angeles Angels of Anaheim -- $509 million
7. PHILLIES -- $496 million
8. St Louis Cardinals -- $486 million
9. San Francisco Giants -- $471 million
10. Chicago White Sox -- $450 million
Forbes reported the Phillies' overall revenue is $216 million, and they have an operating income of $16.3 million.
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