Forbes list of the most valuable MLS clubs
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{{Use mdy dates|date=February 2023}}
{{Use American English|date=March 2024}}
{{italic title|string=Forbes}}
File:LAFC vs Philadelphia Union (2018) by Subashwilfred.jpg, the most valuable MLS club as of the 2024 Major League Soccer season.]]
Forbes compiles the finances of all 29{{Efn|Expansion club San Diego FC, which began play during the 2025 Major League Soccer season, was omitted from the ranking.}} MLS clubs to produce an annual ranking of the best franchises in terms of valuation. The valuations are composed of various variables in financial information and transaction data reported by several club executives.{{cite web |title=Major League Soccer's Most Valuable Teams 2019: Atlanta Stays On Top As Expansion Fees, Sale Prices Surge |url=https://www.forbes.com/sites/chrissmith/2019/11/04/major-league-soccers-most-valuable-teams-2019-atlanta-stays-on-top-as-expansion-fees-sale-prices-surge/?sh=225d22fd51b5 |work=Forbes |access-date=8 February 2023}} These areas are supported by applying financial metrics such as revenue and operating income to each one.{{cite web |title=Major League Soccer's Most Valuable Clubs 2023: LAFC Is The First Billion-Dollar Franchise |url=https://www.forbes.com/sites/justinbirnbaum/2023/02/02/major-league-soccers-most-valuable-clubs-2023-lafc-is-the-first-billion-dollar-franchise/?sh=69fd1b1f5324 |work=Forbes |access-date=8 February 2023}}
The latest ranking reported that Los Angeles FC is the most valuable MLS franchise after the 2024 Major League Soccer season.{{cite web |title=LAFC |url=https://www.forbes.com/teams/lafc/?sh=484374a44937 |work=Forbes |access-date=8 February 2023}} The fastest growing MLS franchise is Inter Miami CF with a 17% increase in valuation since the 2023 Major League Soccer season, largely in part by the widespread popularity of Argentine superstar and 2024 MLS Most Valuable Player Lionel Messi. Los Angeles FC became the new club for highest valuation after Atlanta United FC held the position in 2019.{{cite web |title=LAFC value hits 1 billion dollars, but who's buying? |date=February 2, 2023 |url=https://worldsoccertalk.com/news/lafc-value-hits-at-1-billion-dollars-but-whos-buying-20230202-WST-418116.html |publisher=World Soccer Talk |access-date=8 February 2023}}
Several media outlets have referenced in related news or conducts analytic journalism when the ranking comes out, such as The Cincinnati Enquirer and American City Business Journals.{{cite web |title=Report: FC Cincinnati's value climbed from $285M to $560M |url=https://www.cincinnati.com/story/sports/soccer/fc-cincinnati/2023/02/03/forbes-fc-cincinnatis-value-climbed-from-285m-to-560m-in-just-four-years/69868237007/ |publisher=The Cincinnati Enquirer |access-date=8 February 2023}}{{cite web |title=David Tepper MLS team Charlotte FC nearly doubles in value: Forbes |url=https://www.bizjournals.com/triad/news/2023/02/06/forbes-charlotte-fc-value-mls-david-tepper-sports.html |publisher=American City Business Journals |access-date=8 February 2023}} MLS has consistently recognized the renditions of the ranking.{{cite web |title=Forbes releases annual MLS team valuations as Seattle and LA lead the way |url=https://www.mlssoccer.com/news/forbes-releases-annual-mls-team-valuations-seattle-and-la-lead-way |publisher=Major League Soccer |access-date=8 February 2023}}{{cite web |title=Atlanta United retain top spot in Forbes' annual MLS team valuations |url=https://www.mlssoccer.com/news/atlanta-united-retain-top-spot-forbes-annual-mls-team-valuations |publisher=Major League Soccer |access-date=8 February 2023}} The report has also applied more context to MLS trends, such as the decrease in valuation in relationship with the decrease in attendance for Chicago Fire FC.{{cite web |title=All-Time Attendance |url=https://www.chicagofirefc.com/records/attendance |publisher=Chicago Fire FC |access-date=8 February 2023}}
Ranking
Rankings as of March 2, 2025 (2024 Major League Soccer season)
class="wikitable sortable"
! Rank | Swing | Club | State/ Province | Value{{efn|name=value|Value of team (in USD) based on current stadium deal (unless new stadium is pending), without deduction for debt (other than stadium debt).}} | Change{{efn|name=change|Change of valuation from the 2023 Major League Soccer season to the 2024 Major League Soccer season.}} | Revenue{{efn|name=revenue|Revenue in USD.}} | Operating Income{{efn|name=income|Earnings (in USD) before interest, taxes, depreciation and amortization.}} |
align="center"| 1 | align="center"| {{steady}} | Los Angeles FC | {{flag|California}} | $1.25 billion | {{increase}} 4% | $150 million | $12 million |
align="center"| 2 | align="center"| {{Steady}} | Inter Miami CF | {{flag|Florida}} | $1.2 billion | {{increase}} 17% | $180 million | $50 million |
align="center"| 3 | align="center"| {{Steady}} | LA Galaxy | {{flag|California|name=California}} | $1 billion | {{increase}} 5% | $102 million | $2 million |
align="center"| 4 | align="center"| {{Steady}} | Atlanta United FC | {{flag|Georgia (U.S. state)|name=Georgia}} | $0.975 billion | {{increase}} 8% | $105 million | $10 million |
align="center"| 5 | align="center"| {{Steady}} | New York City FC | {{flag|New York}} | $0.875 billion | {{increase}} 3% | $78 million | –$8 million |
align="center"| 6 | align="center"| {{increase}} 2 | Austin FC | {{flag|Texas}} | $0.825 billion | {{increase}} 10% | $90 million | $4 million |
align="center"| 7 | align="center"| {{decrease}} 1 | Seattle Sounders FC | {{flag|Washington}} | $0.8 billion | {{increase}} 2% | $83 million | $2 million |
align="center"| 8 | align="center"| {{decrease}} 1 | D.C. United | {{flag|Washington, D.C.}} | $0.785 billion | {{increase}} 1% | $90 million | $10 million |
align="center"| 9 | align="center"| {{increase}} 6 | Columbus Crew | {{flag|Ohio}} | $0.735 billion | {{increase}} 15% | $74 million | –$10 million |
align="center"| 10 | align="center"| {{increase}} 4 | FC Cincinnati | {{flag|Ohio}} | $0.73 billion | {{increase}} 12% | $76 million | $3 million |
align="center"| 11 | align="center"| {{decrease}} 2 | Toronto FC | {{flag|Ontario}} | $0.725 billion | {{Steady}} 0% | $70 million | –$12 million |
align="center"| 12 | align="center"| {{decrease}} 2 | Charlotte FC | {{flag|North Carolina}} | $0.7 billion | {{increase}} 1% | $81 million | $4 million |
align="center"| 13 | align="center"| {{decrease}} 1 | Philadelphia Union | {{flag|Pennsylvania}} | $0.69 billion | {{increase}} 3% | $72 million | –$8 million |
align="center"| 14 | align="center"| {{decrease}} 3 | St. Louis City SC | {{flag|Missouri}} | $0.685 billion | {{increase}} 1% | $75 million | –$2 million |
align="center"| 15 | align="center"| {{decrease}} 2 | Portland Timbers | {{flag|Oregon}} | $0.67 billion | {{increase}} 2% | $68 million | $1 million |
align="center"| 16 | align="center"| {{steady}} | Sporting Kansas City | {{flag|Kansas}} | $0.65 billion | {{increase}} 3% | $75 million | –$2 million |
align="center"| 17 | align="center"| {{steady}} | Minnesota United FC | {{flag|Minnesota}} | $0.61 billion | {{increase}} 2% | $63 million | –$12 million |
align="center"| 18 | align="center"| {{increase}} 1 | New York Red Bulls | {{flag|New Jersey}} | $0.58 billion | {{increase}} 4% | $64 million | –$5 million |
align="center"| 19 | align="center"| {{decrease}} 1 | Nashville SC | {{flag|Tennessee}} | $0.57 billion | {{Steady}} 0% | $53 million | –$8 million |
align="center"| 20 | align="center"| {{Steady}} | Houston Dynamo FC | {{flag|Texas}} | $0.55 billion | {{increase}} 4% | $58 million | –$2 million |
align="center"| 21 | align="center"| {{increase}} 3 | FC Dallas | {{flag|Texas}} | $0.545 billion | {{increase}} 9% | $54 million | –$15 million |
align="center"| 22 | align="center"| {{increase}} 1 | San Jose Earthquakes | {{flag|California}} | $0.54 billion | {{increase}} 7% | $59 million | –$10 million |
align="center"| 23 | align="center"| {{decrease}} 2 | New England Revolution | {{flag|Massachusetts}} | $0.535 billion | {{increase}} 3% | $63 million | $5 million |
align="center"| 24 | align="center"| {{decrease}} 2 | Chicago Fire FC | {{flag|Illinois}} | $0.53 billion | {{increase}} 3% | $51 million | $2 million |
align="center"| 25 | align="center"| {{steady}} | Real Salt Lake | {{flag|Utah}} | $0.5 billion | {{increase}} 3% | $50 million | $0 |
align="center"| 26 | align="center"| {{steady}} | Orlando City SC | {{flag|Florida}} | $0.475 billion | {{steady}} 0% | $50 million | –$3 million |
align="center"| 27 | align="center"| {{increase}} 1 | Vancouver Whitecaps FC | {{flag|British Columbia}} | $0.44 billion | {{increase}} 5% | $40 million | –$10 million |
align="center"| 28 | align="center"| {{decrease}} 1 | CF Montréal | {{flag|Quebec}} | $0.435 billion | {{increase}} 1% | $45 million | –$7 million |
align="center"| 29 | align="center"| {{steady}} | Colorado Rapids | {{flag|Colorado}} | $0.415 billion | {{increase}} 4% | $42 million | –$8 million |
Historical valuations
class="wikitable sortable"
|+ Historical valuations (in US$ millions) by MLS club{{efn|name=team|Financial data taken from the 2025 and 2019 Forbes valuations articles.}} ! Club | 2024 | 2018 |
Los Angeles FC | 1,250 | 475 |
Inter Miami CF | 1,200 | {{new}} |
LA Galaxy | 1,000 | 480 |
Atlanta United FC | 975 | 500 |
New York City FC | 875 | 385 |
Austin FC | 825 | 405 |
Seattle Sounders FC | 800 | 330 |
D.C. United | 785 | {{new}} |
Columbus Crew | 735 | 395 |
FC Cincinnati | 730 | {{new}} |
Toronto FC | 725 | {{new}} |
Charlotte FC | 700 | 240 |
Philadelphia Union | 690 | 390 |
St. Louis City SC | 685 | 285 |
Portland Timbers | 670 | 200 |
Sporting Kansas City | 650 | 325 |
Minnesota United FC | 610 | 300 |
New York Red Bulls | 580 | {{new}} |
Nashville SC | 570 | 290 |
Houston Dynamo FC | 550 | 280 |
FC Dallas | 545 | 245 |
San Jose Earthquakes | 540 | 335 |
New England Revolution | 535 | 275 |
Chicago Fire FC | 530 | 220 |
Real Salt Lake | 500 | 235 |
Orlando City SC | 475 | 295 |
Vancouver Whitecaps FC | 440 | 210 |
CF Montréal | 435 | 215 |
Colorado Rapids
|415 |190 |
See also
Notes
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References
{{reflist|30em}}
{{Forbes Magazine Lists}}
Category:Major League Soccer lists
Category:21st century-related lists
Category:Lists of association football clubs