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Why did the $4 billion deal stand out?

The Los Angeles Angels sale marked a new threshold for sports team pricing in the United States. Stan Kroenke agreed to buy the team from the Moreno family, along with the Angels Broadcast Television regional broadcast network, in a deal valuing the club at $4 billion.

That price is equal to 10 times the Angels’ 2025 revenue, based on MLB valuations published by CNBC earlier this year. For comparison, the San Diego Padres sale approved by MLB last month valued the club at $3.9 billion and carried a revenue multiple of eight.

The figures show that two major transactions in the same league were priced with very different multiples. That suggests investors are assigning a higher premium not only to revenue size, but also to factors such as market quality and broadcast assets.

How did MLB team values change after the new deal?

After the Angels transaction, CNBC updated MLB team valuations based on revenue multiples, market size and stadium economics. According to the revised figures, the league’s average team value rose to $4.04 billion, up 37% from March.

Standout teams and current figures

  • New York Yankees: $12 billion, up 28% from March
  • Miami Marlins: $2.2 billion, yet still the least valuable team in the league
  • New York Mets: $5.4 billion, moving up to fifth place on the list

The Mets’ new position means the club has moved ahead of the San Francisco Giants and the Philadelphia Phillies. The deal shows how a single high-profile sale can reshape not just the buyer and seller’s numbers, but the league’s entire valuation benchmark.

Location premium and the role of the Los Angeles market

Bankers CNBC spoke with said location is a decisive factor in the appeal of sports team ownership. That point drew even more attention after Josh Kushner and Bob Iger agreed to buy the NBA’s Los Angeles Lakers at a valuation of $12.5 billion.

In the same framework, CNBC left the Los Angeles Dodgers unchanged from March’s ranking, keeping the club at $8 billion. The outlet said concerns surrounding team owner Mark Walter were the reason.

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