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Forbes: Rays value held steady in 2020

April 6, 2021 - A trip to the World Series failed to elevate the value of the Tampa Bay Rays, at least according to Forbes. The Rays are valued at $1.055 billion, No. 29 among 30 Major League Baseball teams, in Forbes’ 2021 ranking of baseball’s most valuable teams. Forbes estimated the Rays 2020 revenue (earnings before interest, taxes, depreciation and amortization) was $112 million with an operating loss of $23 million. In 2019, the Rays had $68 million in operating income on $264 million in revenueForbes said. An absence of fans at ballparks and the pandemic-shortened 60-game season impacted the MLB overall, with the 30 teams posted a combined loss of $1.8 billion in 2020, versus a profit of $1.5 billion in 2019. Revenue in 2020 fell 65 percent to $3.66 billion.

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