Forbes: Rays' value up to $331M

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The Rays may not be turning much of a net profit (although, they may be and we wouldn’t know it), but the estimated sale price of the team keeps soaring, reports Noah Pransky on his blog Shadow of the Stadium.

According to the annualForbes’ valuations of MLB franchises,Tampa Bay is up to $331 million, a five percent gain from 2010’s figure of $316 million. That’s almost double the $176 million it was worth in 2005 when Stu Sternberg assumed majority control of the club.

For those of you counting at home, the Yankees remain the most valuable MLB club ($1.7 billion), worth almost double the next-most valuable club, the Red Sox ($912 million).

TheBiz of Baseball has more here, as well ashistorical values here.

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