Reds sold, what a stadium’s worth
Carl Linder, owner of the Reds, is going to sell them to a local group. News stories say the acquisition sets the value of the team at $270m.
Assume that’s true. In 2002, before the team moved into their new digs, they were worth $204m by Forbes estimates.
In 2004, having moved in, they were valued at $245m.
Even as the team flirted with year-to-year unprofitability, their value increased by about $70m in three years, with the only real difference in the franchise’s health being the new stadium. That’s a nice return.