Yankees maintain top spot as MLB's most valuable franchise despite TV troubles and pandemic losses.

The New York Yankees remain the most valuable MLB franchise at $7.1 billion, with an 18% increase from last year, according to Forbes. The league's average value increased by 12% to $2.32 billion, and revenue hit an all-time high of $10.3 billion, a 7.8% increase from the previous year. The Los Angeles Dodgers rank second in value at $4.8 billion, followed by the Boston Red Sox, Chicago Cubs, and San Francisco Giants. The recent bankruptcy filing by Diamond Sports Group impacted some valuations. The New York Mets' $2.9 billion valuation at No. 6 is due to a $138.5 million operating loss.