(CBS) Though the team hasn’t won a World Series in over a century, the Cubs have been listed as the most profitable team in all of baseball, according to Forbes’ annual report.
The report claims the Cubs, who are the fourth-most valuable team in baseball at $1 billion, had an operating income of $32.1 million in 2012 – the most in all of baseball.READ MORE: Yasmin Perez Has Died, Days After Gruesome Humboldt Park Shooting That Also Killed Her Boyfriend, Gyovanni Arzuaga
Forbes reported the Cubs made less than $50 million from their broadcast affiliates, CSN Chicago and WGN, and will be even more profitable when those deals expire in 2014.READ MORE: Chicago Weather: Shower Chance By Daybreak
In 2009, the Ricketts family purchased the Cubs, Wrigley Field and a 20 percent stake in CSN Chicago for $845 million.
According to Forbes, the Yankees are the most valuable team in baseball at $2.3 billion, with the Dodgers coming in second at $1.615 billion. The Red Sox came in third at $1.312 billion.MORE NEWS: Fourth Stimulus Check: Will You Get Another Relief Payment?