The MLB is one of the most financially secure leagues in the world. And with its popularity reaching new levels in 2021, the team owners aren’t going to be left too far behind either. The 2021 MLB roster for teams has given us the 5 most cash rich franchise owners.
Steve Cohen – The New York Mets ($15.9 Billion)
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Steve Cohen has made most of his money in hedge fund management and investment holdings. Fortunately for the New York Mets, with great financial backing comes great investment. And the owner of the New York Mets has shown just that adage in the 2021 off season. The Mets have signed Scherzer on a bumper deal for three years amidst 2 more free agency signings. To add to their strength they’ve put in place Buck Showalter as manager too.
The Mets will be disappointed with anything but a run for the World Series in 2022 if there is any more investment to come.
Edward Rogers III – The Toronto Blue Jays ($11.5 Billion)
Rogers, 51, is chairman of Rogers Communications Inc. and Rogers Bank and director of Maple Leaf Sports & Entertainment. The Blue Jays are well placed to make a run for the World Series in the coming years with the emergence of powers hitters like Vlad Guerrero Jr.
The Blue Jays should be looking to build a championship roster and bring back a world series or two to the Rogers Center as quick as they can going from here.
John Malone – The Atlanta Braves ($8 Billion)
Malone became the CEO of TCI in 1973 at 29 years old, then sold the firm to AT&T for more than $50 billion in 1999. Considering that his Liberty Media, owns the Atlanta Braves baseball team, the Braves might soon be up for some speedy runs soon. Liberty Media has recently acquired the motorsport F1 Racing for a valuation of $4.4 Billion.
Considering they’ve already won the World Series in 2021, another win might soon be on the cards.
Charles B. Johnson – The San Francisco Giants ($5.8 Billion)
Charles B. Johnson made his money as a money manager and is the second largest shareholder in Franklin Resources, a global investment management firm also known as Franklin Templeton Investments. His father, Johnson Sr. founded the company and Charles B. Johnson has been heading the firm for 56 years before handing over to his son Gregory in 2013.
The San Francisco Giants too are primed to make a run to the World Series. The roster simply requires some investment in key areas before the 2022 season.
The Dolan Family – The Cleveland Guardians ($4.6 Billion)
Family patriarch Charles Dolan, the brother of Larry Dolan and the uncle of Paul Dolan, was a cable television pioneer. He launched Cablevision on Long Island in 1973 and sold the company to Altice for $17.7 billion in 2016. And while the brothers may have made their money in cable television, the Cleveland Guardians are surely a stable ship in the MLB for now.
For the Guardians to realistically mount a challenge their roster may need some sizeable upgrades.
