The banana bread is getting nuts.
According to Forbes, the Savannah Bananas organization is worth around $500 million, which puts it about halfway to some MLB teams’ net worths.
The Bananas—and other teams within the same organization—will bring in more than $100 million in revenue this year, thanks mostly to merchandising and ticket sales. The organization will also turn a profit, whereas 11 MLB clubs operated at a loss last season, Forbes reported.
It’s possible the Bananas’ business could ripen even more. The organization is adding two new expansion teams that will allow for a longer league-type season.
Owner Jesse Cole said he’s been approached by interested parties valuing the organization at $1 billion. But he has no plans to part with the fruits of his labor anytime soon, saying he’s currently focused on fostering a good experience for the fans.
Tool for making graphic: https://www.canva.com/
Posted by Wide-Astronaut9156
1 comment
It’s a fun show, but it’s tough to believe it’ll have much staying power. A decade of fun maybe, then you gotta make banana bread.
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