CHICAGO — Before and after the lockout, there was a lot of talk about spending money in Major League Baseball‘s free agency, especially here in Chicago.
Many had hoped that both the Cubs and White Sox would be willing to shell out some money to senior free agents to make teams as competitive as possible in 2022.
As such, Forbes’ list of team values, released Thursday, is quite interesting for fans wondering about their team’s financial health.
The Cubs ranked fourth on that list, valued at $3.8 billion to the Ricketts family, who have owned the club since 2009. This is a 13 percent increase since the last Forbes ranking a year ago as the team has operating income of $68 million.
Meanwhile, the White Sox sits at No. 15 on the list as they are valued at $1.76 billion under longtime owner Jerry Reinsdorf. That’s a four percent increase from 2021, as the team had an operating loss of $10 million.
The Yankees are the most valuable team at $6 billion, up 14 percent year-over-year, while the Marlins are 30th team at $990 million.
Cubs chairman Tom Ricketts has come under scrutiny from fans after the core of the team was disbanded at the 2021 MLB trade deadline. Many believe ownership hasn’t done enough to expand the core and ensure the team’s window of success lasts. This offseason, the Cubs added frontline pitcher Marcus Stroman along with Japanese outfielder Seiya Suzuki, who was a five-time All-Star in Nippon Professional Baseball.
In the midst of a competitive window, the White Sox have been very quiet when it comes to meeting needs for the 2022 season. They have yet to sign a senior starting pitcher, second baseman or right fielder as the team seeks to win its first World Series title since 2005.
Suggest a correction