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CNBC releases report of most valuable MLB teams

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CNBC has released its official Major League Baseball valuations.

The New York Yankees are No. 1 with a value of $8 billion, followed by the Los Angeles Dodgers at $5.8 billion and the Boston Red Sox at $4.7 billion.

The St. Louis Cardinals are No. 12 at $2.55 billion.

Read more from CNBC.

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