MLB 2025: Facility Asset Values as a Percentage of Franchise Values

Mike Bishop JD
Apr 29
1 min read

This report evaluates Major League Baseball (MLB) teams by comparing the estimated market value of their stadium assets (proxied by stadium construction or replacement cost) to their Forbes franchise valuations in 2025.[1]

For franchises with publicly disclosed construction or replacement costs, we use those figures; for others, we estimate replacement cost at $500 million, reflecting the median observed cost among modern MLB venues[2].

The facility contribution is calculated as the stadium value divided by franchise valuation, highlighting capital efficiency and the impact of physical assets on overall team worth

Team Rankings: Stadium Asset Contribution to Valuation (%)

*Older stadiums based on original values - additional research determine current valuations.

Stadium assets represent a critical component of franchise valuation. Teams where stadium investment accounts for a high percentage of franchise value may benefit from premium seating revenue and sponsorship opportunities, but this also indicates high capital outlay that could reduce flexibility in player payroll and other investments[3]

Footnotes

[1] Stadium costs for modern venues (post-2000) are inflation-adjusted to 2025 USD where disclosed; historic stadium costs (e.g., Dodgers) are nominal original costs without inflation adjustment.

[2] For franchises without publicly documented stadium costs, a proxy value of $500M is used, representing the median replacement cost of MLB stadiums built in the last two decades.

[3] Facility contribution ratios do not account for public-private financing structures, lease obligations, or ancillary real estate holdings which may affect net asset value.