The Royals sold for a billion in 2020. This Sports Business Journal article tracks every MLB/NFL/NBA/NHL franchise sale since 1998... https://www.sportsbusinessjournal.com/Journal/Issues/2018/11/26/In-Depth/Team-sales.aspx I've listed just the MLB sales below... 1998 Dodgers 311 M 1998 Rangers 250 M 1999 Angels 147 M 1999 Reds 67 M 2000 Indians 323 M 2000 Blue Jays 112 M 2000 Royals 96 M 2002 Red Sox 700 M 2002 Marlins 158.5 M 2002 Mets 135 M 2002 Expos 120 M 2003 Angels 183.5 M 2004 DBacks 160 M 2004 Dodgers 430 M 2004 Rays 65 M 2005 Brewers 220 M 2005 Athletics 180 M 2006 Nationals 450 M 2006 Reds 270 M 2007 Braves 450 M 2009 Cubs 845 M 2010 Rangers 385 M 2011 Astros 615 M 2012 Dodgers 2.15 B 2012 Padres 800 M 2013 Rangers 593 M 2016 Mariners 661 M 2017 Marlins 1.2 B 2020 Royals 1B 2020 Mets 2.475 B Using 2008 as a dividing line since it's in the middle-ish & no teams were sold that year results in the following splits... 10 years before 2008, 20 sales for 4.828 billion. 13 years after 2008, 10 sales for 10.724 billion. Pre-2008: 2 sales per year for a 241.4 million average Post-2008: 0.77 sales per year for a 1.072 billion average That teams have sold with notably less frequency of late, despite their sale prices skyrocketing by an even greater measure, indicates to me that owning a team is pretty, pretty profitable these days. This LA Times article provides net worth of principal owners, team values, etc. Annualized appreciation of each team is listed and ranges from -3.8% to around 20% with the typical appreciation around 10%. https://www.latimes.com/sports/story/2022-02-28/mlb-billionaire-team-owners-roster-2022-lockout I was trying to research how many owners each team has to get a better idea of how that profit pie is split up. A simple google search does not answer that question. Depending on how big that collective owners group is, the profit numbers being thrown around might not be that impressive.