Forbes list of the most valuable MLS clubs

Forbes compiles the finances of all 29 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.

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.

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. MLS has consistently recognized the renditions of the ranking. 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.

Ranking Rankings as of June 10, 2025 (2025 Major League Soccer season) Rank Swing Club State/province Value Change Revenue Operating income 1 Los Angeles FC $1.25 billion 4% $150 million $12 million 2 Inter Miami CF $1.2 billion 17% $180 million $50 million 3 LA Galaxy $1 billion 5% $102 million $2 million 4 Atlanta United FC $975 million 8% $105 million $10 million 5 New York City FC $875 million 3% $78 million –$8 million 6 2 Austin FC $825 million 10% $90 million $4 million 7 1 Seattle Sounders FC $800 million 2% $83 million $2 million 8 1 D.C. United $785 million 1% $90 million $10 million 9 6 Columbus Crew $735 million 15% $74 million –$10 million 10 4 FC Cincinnati $730 million 12% $76 million $3 million 11 2 Toronto FC $725 million 0% $70 million –$12 million 12 2 Charlotte FC $700 million 1% $81 million $4 million 13 1 Philadelphia Union $690 million 3% $72 million –$8 million 14 3 St. Louis City SC $685 million 1% $75 million –$2 million 15 2 Portland Timbers $670 million 2% $68 million $1 million 16 Sporting Kansas City $650 million 3% $75 million –$2 million 17 Minnesota United FC $610 million 2% $63 million –$12 million 18 1 New York Red Bulls $580 million 4% $64 million –$5 million 19 1 Nashville SC $570 million 0% $53 million –$8 million 20 Houston Dynamo FC $550 million 4% $58 million –$2 million 21 3 FC Dallas $545 million 9% $54 million –$15 million 22 1 San Jose Earthquakes $540 million 7% $59 million –$10 million 23 2 New England Revolution $535 million 3% $63 million $5 million 24 2 Chicago Fire FC $530 million 3% $51 million $2 million 25 Real Salt Lake $500 million 3% $50 million $0 26 Orlando City SC $475 million 0% $50 million –$3 million 27 1 Vancouver Whitecaps FC $440 million 5% $40 million –$10 million 28 1 CF Montréal $435 million 1% $45 million –$7 million 29 Colorado Rapids $415 million 4% $42 million –$8 million

Historical valuations

+ Historical valuations (in US$ millions) by MLS club Club 2024 2018 Los Angeles FC 1,250 475 Inter Miami CF 1,200 LA Galaxy 1,000 480 Atlanta United FC 975 500 New York City FC 875 385 Austin FC 825 405 Seattle Sounders FC 800 330 D.C. United 785 Columbus Crew 735 395 FC Cincinnati 730 Toronto FC 725 Charlotte FC 700 240 Philadelphia Union 690 390 St. Louis City SC 685 285 Portland Timbers 670 200 Sporting Kansas City 650 325 Minnesota United FC 610 300 New York Red Bulls 580 Nashville SC 570 290 Houston Dynamo FC 550 280 FC Dallas 545 245 San Jose Earthquakes 540 335 New England Revolution 535 275 Chicago Fire FC 530 220 Real Salt Lake 500 235 Orlando City SC 475 295 Vancouver Whitecaps FC 440 210 CF Montréal 435 215Colorado Rapids415190

Forbes list of the most valuable MLS clubs

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