Texas Rangers are a Major League Baseball team that plays professional baseball in the U.S. and Canada as part of a 30-team league. They compete in the MLB season, playing games at their home stadium and during the year, both locally and on national broadcasts. The team earns revenue from ticket sales, local and national media rights, sponsorships, and merchandise, as part of MLB’s franchise model where teams operate as independent franchises within a joint venture. Games are funded by league-wide broadcasting deals and local ticket sales, with sponsorships and merchandise adding further income. The goal of the team is to win games and advance in the MLB playoffs, ultimately aiming for a World Series title, while engaging and growing its fan base through community presence and entertainment value.
Company Size
N/A
Company Stage
Acquired
Total Funding
$2.6B
Headquarters
New York City, New York
Founded
1961
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FutureSports has signed an agreement with Major League Baseball to create financial indexes tracking the performance of all 30 MLB teams. The Chicago-based company will use official league data to develop CME FutureSports Performance Indexes, which measure teams' cumulative performance through play-by-play statistics. The indexes will underpin cash-settled futures contracts on CME Group, pending regulatory approval. These contracts are designed to provide hedging vehicles and investment opportunities for baseball industry participants managing capital exposures. FutureSports, launched in 2026 after four years of development, previously announced similar indexes for the National Hockey League. The company administers its indexes independently using transparent, rules-based methodologies aligned with international securities organisation principles. CME Group intends to launch NHL futures contracts on 28 September, subject to regulatory review.
MLB issued approximately $40 million in new debt in May to support team-level borrowing through its Club Trust Securitization facility, according to Fitch Ratings. The league also raised its credit facility's borrowing limit from $125 million to $150 million per club in April, with 28 teams currently utilising the programme. Fitch assigned an A rating with a stable outlook for the new term notes. The ratings agency cited MLB's strong media rights agreements with ESPN, Fox, NBC, Netflix, and TBS as supporting debt service payments. These deals expire after the 2028 season. However, Fitch noted uncertainty around the approaching collective bargaining agreement expiration, warning that a prolonged lockout could lead to a credit downgrade.
Major League Baseball has acquired a minority stake in Jomboy Media, the company founded by Jimmy "Jomboy" O'Brien, ending a four-year negotiation over intellectual property rights and content restrictions. The deal provides Jomboy Media with resources and access to MLB intellectual property whilst giving the league access to younger, digitally native audiences. Jomboy Media employs 64 people and generated over $10 million in annual revenue by 2024. O'Brien's YouTube channel has 2.20 million subscribers and 1.73 billion views, built on his distinctive breakdown videos using lip-reading and humorous commentary. The partnership includes content activations around major MLB events. The deal represents MLB's strategic shift towards creator-led content to engage Gen Z and Millennial viewers who consume sports differently from traditional broadcast audiences.
Zillow Group has signed a long-term partnership with Major League Baseball, becoming MLB's official real estate and home rentals marketplace provider. The deal includes national marketing campaigns across MLB Network, MLB.TV and Apple TV+, plus sponsorship of All-Star Week, postseason events and the Pennant Chase. Zillow also launched Zillow Preview on 17 March, a product that makes pre-market home listings publicly visible on Zillow and Trulia. Chief executive Jeremy Wacksman said the company believes real estate works best when information is open and accessible, allowing buyers to see all available options without being tied to specific brokerage firms. The technology-enabled real estate platform operates through websites and mobile applications, offering marketplaces for rentals, construction and property advertising, alongside transaction management software.
Major League Baseball faces significant changes as its collective bargaining agreement expires at the end of this season. MLB Players Association Interim Executive Director Bruce Meyer told ESPN a lockout is "all but guaranteed", with owners expected to push for a salary cap. Nine MLB teams announced new MLB-operated channels carried by DirecTV this week, following contract terminations with struggling FanDuel Sports Networks. MLB aims to control all 30 teams' local rights by 2028 to sell them as a national streaming package. The league's national media rights expire after the 2028 season, allowing potential redistribution. Commissioner Rob Manfred has suggested expanding to 32 teams and realigning geographically. Despite upheaval, baseball is thriving. Last year's World Series attracted over 50 million viewers, the most in 34 years. However, MLB's EBITDA margin sits under 2%, significantly below other major leagues.