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Forbes: Rays the least profitable major league baseball team again

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The Tampa Bay Rays are worth less money than any team in baseball, according to Forbes Magazine.

Forbes ranks the team 30th, or last, among major league teams for the second straight season.

The magazine said the Rays were worth $650 million. Last year, it said the team was worth $625 million. The Rays were last in attendance for the fourth straight season at 15,403 per game. Revenue in 2015 was $193 million, with $8 million in 2015 operating income, Forbes said.

Low profits are chief among the reasons the Rays and owner Stu Sternberg have pushed for a new stadium.

The Miami Marlins, at $675 million, are one spot above the Rays. The Yankees, once again, are the most valuable franchise at $3.4 billion.

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Gary Shelton is one of the most recognized and honored sportswriters in the history of the state. He has won the APSE's national columnist of the year twice and finished in the top 10 eight times. He was named the Florida Sportswriter of the Year six times. Gary joined SaintPetersBlog in the spring, helping to bring a sports presence to the website. Over his time in sports writing, Gary has covered 29 Super Bowls, 10 Olympics, Final Fours, Masters, Wimbledons and college national championships. He was there when the Bucs won a Super Bowl, when the Lightning won a Stanley Cup and when the Rays went to a World Series. He has seen Florida, FSU and Miami all win national championships, and he covered Bear Bryant, Bobby Bowden and Don Shula along the way. He and his wife Janet have four children: Eric, Kevin, K.C. and Tori. To contact, visit garysheltonsports@gmail.com.

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