https://www.forbes.com/sites/chriss...xpansion-fees-sale-prices-surge/#daaafbe51b58 Major League Soccer's Most Valuable Teams 2019 The average MLS team is now worth $313 million, up 30% year-over-year. The 23 teams that played in 2018 generated more than $800 million in revenue. Rank Team Value ($M) Revenue ($M) Operating Income ($M) 1 Atlanta United 500 78 7 2 LA Galaxy 480 64 5 3 LAFC 475 50 -5 4 Seattle Sounders 405 47 1 5 Toronto FC 395 43 -19 6 Portland Timbers 390 47 4 7 New York City FC 385 45 -16 8 Chicago Fire 335 23 -16 9 DC United 330 41 1 10 Sporting Kansas City 325 43 1 11 Minnesota United 300 24 -8 12 Orlando City SC 295 39 -1 13 New York Red Bulls 290 36 -6 14 FC Cincinnati 285 n/a n/a 15 Houston Dynamo 280 23 -6 16 San Jose Earthquakes 275 35 -5 17 New England Revolution 245 29 -2 18 Philadelphia Union 240 21 -5 19 Real Salt Lake 235 21 2 20 FC Dallas 220 33 -7 21 Vancouver Whitecaps 215 20 -5 22 Montreal Impact 210 18 -12 23 Columbus Crew 200 18 -8 24 Colorado Rapids 190 18 -5
Hmmm, more than a couple of ways to interpret those numbers. The Revs have a $2 million loss in operating revenue, which seems about right to me. There are 6 teams (RSL,KC,DCU,SEA,ORL and NE) who range between a $2m profit and a $2m loss. At the other end of the spectrum, Toronto, NYCFC, Chicago and Montreal all lose more than $10m, with Toronto nearly twice that. 9 teams have $40m or more in revenue, with the big guns Atlanta (78) the 2 LA teams (64 Galaxy, 50 LAFC). Seattle and Portland (47 each and then NYC (45) Toronto and KC (41 each) and DC (41) round out the high end. The Revs bring in 29 million, and could probably do better, given the size of their market and the potential. But after that, the drop off is steeper, with 9 teams ranging from 24m (MIN) to Columbus and Colorado at 18m each.
Looks like only 4 teams were $2M or more in the black - but, I guess for most clubs, that's pretty insignificant when the franchise value goes up %30.