Forbes compiles the finances of all 29 MLS teams 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 team executives.^[1] These areas are supported by applying financial metrics such as revenue and operating income to each one.^[2]

The latest ranking reported that Los Angeles FC is the most valuable MLS franchise after the 2023 Major League Soccer season.^[3] The fastest growing MLS franchise is Inter Miami CF with a 72% increase in valuation since the 2022 Major League Soccer season with the arrival of Argentine superstar Lionel Messi. Los Angeles FC became the new team for highest valuation after Atlanta United FC was number one in 2019.^[4]

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.^[5][6] MLS has consistently recognized the renditions of the ranking.^[7][8] 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.^[9]

Rankings as of March 15, 2024 (2023 Major League Soccer season)

More information Rank, Swing ...

Rank	Swing	Team	Territory	Value[lower-alpha 1]	Change[lower-alpha 2]	Revenue[lower-alpha 3]	Operating Income[lower-alpha 4]
1		Los Angeles FC	California	$1.2 billion	20%	$140 million	$9 million
2	9	Inter Miami CF	Florida	$1.03 billion	72%	$118 million	$8 million
3	1	LA Galaxy	California	$0.95 billion	3%	$95 million	$3 million
4	1	Atlanta United FC	Georgia	$0.9 billion	6%	$95 million	$9 million
5	1	New York City FC	New York	$0.85 billion	6%	$70 million	–$9 million
6	1	Seattle Sounders FC	Washington	$0.785 billion	19%	$75 million	$2 million
7	2	D.C. United	Washington, D.C.	$0.775 billion	11%	$85 million	$10 million
8	1	Austin FC	Texas	$0.75 billion	10%	$87 million	$3 million
9	3	Toronto FC	Ontario	$0.725 billion	5%	$69 million	–$12 million
10		Charlotte FC	North Carolina	$0.69 billion	10%	$80 million	$6 million
11		St. Louis City SC	Missouri	$0.68 billion		$70 million	–$2 million
12	1	Philadelphia Union	Pennsylvania	$0.67 billion	17%	$69 million	–$7 million
13	4	Portland Timbers	Oregon	$0.66 billion	2%	$67 million	$1 million
14		FC Cincinnati	Ohio	$0.65 billion	16%	$71 million	$10 million
15		Columbus Crew	Ohio	$0.64 billion	16%	$61 million	–$6 million
16	4	Sporting Kansas City	Missouri	$0.63 billion	7%	$65 million	–$1 million
17	1	Minnesota United FC	Minnesota	$0.6 billion	11%	$62 million	–$5 million
18		Nashville SC	Tennessee	$0.57 billion	14%	$57 million	$0 million
19	2	New York Red Bulls	New Jersey	$0.56 billion	7%	$56 million	–$2 million
20	2	Houston Dynamo FC	Texas	$0.53 billion	22%	$45 million	–$10 million
21	2	New England Revolution	Massachusetts	$0.52 billion	9%	$45 million	$0 million
22	1	Chicago Fire FC	Illinois	$0.515 billion	21%	$45 million	$0 million
23	3	San Jose Earthquakes	California	$0.505 billion	12%	$49 million	–$5 million
24	2	FC Dallas	Texas	$0.5 billion	25%	$45 million	–$9 million
25	4	Real Salt Lake	Utah	$0.485 billion	10%	$47 million	$0
26	2	Orlando City SC	Florida	$0.475 billion	13%	$46 million	–$3 million
27		CF Montréal	Quebec	$0.43 billion	15%	$40 million	–$8 million
28	3	Vancouver Whitecaps FC	British Columbia	$0.42 billion	2%	$25 million	–$14 million
29	1	Colorado Rapids	Colorado	$0.4 billion	14%	$38 million	–$5 million

Close

• Forbes' list of the most valuable sports teams
• List of professional sports leagues by revenue