For the third year running, the Sounders have been tabbed by Forbes as Major League Soccer's "Most Valuable Team" at a value of $245 million -- up from $175 million just two years ago.

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For the third year running, the Sounders have been tabbed by Forbes as Major League Soccer’s “Most Valuable Team” at a value of $245 million — up from $175 million just two years ago.

Forbes gets its numbers from  “financial data from the 2014 season, culled from published reports, stadium leases and interviews with industry sources. … Operating income is defined as earnings before interest, taxes, depreciation and amortization.”

Here’s a link to the original story, and below is the full list of rankings (expansion clubs Orlando City and New York City FC are left out because of the lack of 2014 financial data):

Team Value ($M) Revenue ($M) Operating Income ($M)1
Seattle Sounders 245 50 10
LA Galaxy 240 44 4
Houston Dynamo 200 26 5
Portland Timbers 185 35 4
Toronto FC 175 32 -7
Sporting Kansas City 165 29 4
Chicago Fire 160 21 -6
New England Revolution 158 25 7
FC Dallas 148 25 -3
San Jose Earthquakes 146 13 -1
Philadelphia Union 145 25 2
New York Red Bulls 144 22 -9
D.C. United 140 21 -1
Montreal Impact 128 22 -3
Vancouver Whitecaps 125 21 -6
Columbus Crew 112 18 -4
Real Salt Lake 108 17 1
Colorado Rapids 105 15 -3