Forbes top 10: New York Yankees MLB's most valuable team at $5 billion - in pics

Yankees retain top spot for 23rd straight year, valuation up nine per cent from last year

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The New York Yankees have been declared Major League Baseball's most valuable team for a 23rd consecutive year, according to the annual list published by Forbes.

The 27-time World Series champions are estimated to be worth $5 billion (Dh18.3b), up nine per cent from last year, Forbes said.

The Los Angeles Dodgers ($3.4b), Boston Red Sox ($3.3b), Chicago Cubs ($3.2b) and San Francisco Giants ($3.1b) complete the top five.

Reigning World Series champions Washington Nationals were valued at $1.9b.

According to Forbes, the average MLB team is now worth $1.85 billion, a four per cent rise from last year – the smallest year-over-year increase in a decade.

For the rest of the top 10 list, click on the gallery above.