Homework - The Yankees are the most expensive baseball team in the world!

Click HERE to watch the video. Read the story. Answer the questions.

Story:

The Bronx (4/8/2010) - The World Series champions are the most valuable team in the game, according to Forbes Magazine.

Valued at $1.6 billion, the New York Yankees are on the top of the Forbes Magazine rankings of the most valuable teams in baseball. Their value increased seven percent from the year before.

The team's profits were helped by the YES Network on TV, which made the Yankees over $180 million.

The investment continues to be good for the owner George Steinbrenner, who bought the Yankees in the 1970s for just $10 million.

The Mets are not far behind as the third-most valuable team, worth $858 million. However, their value dropped six percent from last year.

The top five has the Yanks and Mets sandwiching the Red Sox at number two, with the Dodgers and Cubs coming in fourth and fifth place.

Questions:

1) Where did this story take place?

2) When did this story take place?

3) How much money are the Yankees worth?

4) Who is the owner of the Yankees?

5) How much did he pay for the Yankees in the 1070's?

6) How much are the Mets worth?

7) Name the top five most valuable teams.

Info and video from NY1. Pic from students.ithaca.edu (google image search).