Forbes list of the most valuable MLS clubs

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

The official stadium of Los Angeles FC, the most valuable MLS club as of the 2024 Major League Soccer season.

The latest ranking reported that Los Angeles FC is the most valuable MLS franchise after the 2024 Major League Soccer season. 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.[2]

Several media outlets have referenced in related news or conducted analytic journalism when the ranking come out, such as The Cincinnati Enquirer and American City Business Journals.[3][4] MLS has consistently recognized the renditions of the ranking.[5][6] 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.[7]

Ranking

Rankings as of June 10, 2025 (2025 Major League Soccer season)

More information Rank, Swing ...
RankSwingClubState/
province		Value[b]Change[c]Revenue[d]Operating income[e]
1SteadyLos Angeles FC California$1.25 billionIncrease 4%$150 million$12 million
2SteadyInter Miami CF Florida$1.2 billionIncrease 17%$180 million$50 million
3SteadyLA Galaxy California$1 billionIncrease 5%$102 million$2 million
4SteadyAtlanta United FC Georgia$975 millionIncrease 8%$105 million$10 million
5SteadyNew York City FC New York$875 millionIncrease 3%$78 million–$8 million
6Increase 2Austin FC Texas$825 millionIncrease 10%$90 million$4 million
7Decrease 1Seattle Sounders FC Washington$800 millionIncrease 2%$83 million$2 million
8Decrease 1D.C. United District of Columbia$785 millionIncrease 1%$90 million$10 million
9Increase 6Columbus Crew Ohio$735 millionIncrease 15%$74 million–$10 million
10Increase 4FC Cincinnati Ohio$730 millionIncrease 12%$76 million$3 million
11Decrease 2Toronto FC Ontario$725 millionSteady 0%$70 million–$12 million
12Decrease 2Charlotte FC North Carolina$700 millionIncrease 1%$81 million$4 million
13Decrease 1Philadelphia Union Pennsylvania$690 millionIncrease 3%$72 million–$8 million
14Decrease 3St. Louis City SC Missouri$685 millionIncrease 1%$75 million–$2 million
15Decrease 2Portland Timbers Oregon$670 millionIncrease 2%$68 million$1 million
16SteadySporting Kansas City Kansas$650 millionIncrease 3%$75 million–$2 million
17SteadyMinnesota United FC Minnesota$610 millionIncrease 2%$63 million–$12 million
18Increase 1New York Red Bulls New Jersey$580 millionIncrease 4%$64 million–$5 million
19Decrease 1Nashville SC Tennessee$570 millionSteady 0%$53 million–$8 million
20SteadyHouston Dynamo FC Texas$550 millionIncrease 4%$58 million–$2 million
21Increase 3FC Dallas Texas$545 millionIncrease 9%$54 million–$15 million
22Increase 1San Jose Earthquakes California$540 millionIncrease 7%$59 million–$10 million
23Decrease 2New England Revolution Massachusetts$535 millionIncrease 3%$63 million$5 million
24Decrease 2Chicago Fire FC Illinois$530 millionIncrease 3%$51 million$2 million
25SteadyReal Salt Lake Utah$500 millionIncrease 3%$50 million$0
26SteadyOrlando City SC Florida$475 millionSteady 0%$50 million–$3 million
27Increase 1Vancouver Whitecaps FC British Columbia$440 millionIncrease 5%$40 million–$10 million
28Decrease 1CF Montréal Quebec$435 millionIncrease 1%$45 million–$7 million
29SteadyColorado Rapids Colorado$415 millionIncrease 4%$42 million–$8 million
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Historical valuations

More information Club ...
Historical valuations (in US$ millions) by MLS club[f]
Club20242018
Los Angeles FC1,250475
Inter Miami CF1,200New entry
LA Galaxy1,000480
Atlanta United FC975500
New York City FC875385
Austin FC825405
Seattle Sounders FC800330
D.C. United785New entry
Columbus Crew735395
FC Cincinnati730New entry
Toronto FC725New entry
Charlotte FC700240
Philadelphia Union690390
St. Louis City SC685285
Portland Timbers670200
Sporting Kansas City650325
Minnesota United FC610300
New York Red Bulls580New entry
Nashville SC570290
Houston Dynamo FC550280
FC Dallas545245
San Jose Earthquakes540335
New England Revolution535275
Chicago Fire FC530220
Real Salt Lake500235
Orlando City SC475295
Vancouver Whitecaps FC440210
CF Montréal435215
Colorado Rapids 415 190
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See also

Notes

  1. [a]
    Expansion club San Diego FC, which began play during the 2025 Major League Soccer season, was omitted from the ranking.
  2. [b]
    Value of team (in USD) based on current stadium deal (unless new stadium is pending), without deduction for debt (other than stadium debt).
  3. [c]
    Change of valuation from the 2023 Major League Soccer season to the 2024 Major League Soccer season.
  4. [d]
    Revenue in USD.
  5. [e]
    Earnings (in USD) before interest, taxes, depreciation and amortization.
  6. [f]
    Financial data taken from the 2025 and 2019 Forbes valuations articles.

References

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