Forbes top 10: New York Yankees MLB's most valuable team at $5 billion - in pics

Yankees retain top spot for 23rd straight year, valuation up nine per cent from last year

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  New York Yankees spring training facility. According to Forbes, the Yankees are the most valuable MLB team at $5 billion (Dh18.3b). AFP

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  The Dodger Stadium in California. The Los Angeles Dodgers are the second most valuable MLB team according to Forbes, at $3.4 billion. AFP

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  The Boston Red Sox have been valued at $3.3 billion. AFP

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  The Wrigley Field, home of the Chicago Cubs who are valued at $3.2 billion. Getty Images

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  San Francisco Giants first baseman Brandon Belt (9) at Sloan Park. The Giants are worth $3.1 billion. USA TODAY Sports

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  Citifield, the home of the New York Mets, who are said to be worth $2.4 billion. AP

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  Busch Stadium, home of the St. Louis Cardinals who are valued at $2.2 billion. AP

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  Citizens Bank Park, home of the Philadelphia Phillies, who have been valued at $2 billion. AP

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  Los Angeles Angels' Mike Trout. The Angels have been valued at $1.975 billion. AP

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  Nationals Park, home to the World Series champions Washington Nationals, who are estimated to be worth $1.9 billion. AFP

The New York Yankees have been declared Major League Baseball's most valuable team for a 23rd consecutive year, according to the annual list published by Forbes.

The 27-time World Series champions are estimated to be worth $5 billion (Dh18.3b), up nine per cent from last year, Forbes said.

The Los Angeles Dodgers ($3.4b), Boston Red Sox ($3.3b), Chicago Cubs ($3.2b) and San Francisco Giants ($3.1b) complete the top five.

Reigning World Series champions Washington Nationals were valued at $1.9b.

According to Forbes, the average MLB team is now worth $1.85 billion, a four per cent rise from last year – the smallest year-over-year increase in a decade.

For the rest of the top 10 list, click on the gallery above.