A Billion Dollar Baseball Bubble: What the Angels Sale Says About Team Ownership The sale of the Los Angeles Angels for $4 billion is a stark reminder that Major League Baseball has become a multibillion dollar industry, with teams increasingly valued as commodities rather than community assets.
The Moreno family, who have owned the team since 1997, are cashing out at a tidy profit. One key aspect of the Angels deal is its valuation to revenue multiple: 10 times revenue.
This staggering figure is not an anomaly – it's part of a broader trend in which MLB teams are being valued as investment opportunities rather than sporting entities.