It’s good to be the owner of a Major League Baseball team. Even a team like the lowly Mariners, which has seen a precipitous drop in attendance since the glory days of Safeco Field’s opening, has mired in on-field mediocrity for just about as long as anyone cares to recall, and can’t even function well enough to get a manager to stick around. At this rate, the Mariner Moose will be managing the club in 2014.

All of that said, according to a report today from Bloomberg, the Seattle Mariners are still worth an astounding $720 million, good for 18th place in a league of 30 teams. Considering the Mariners have only notched more than 80 wins twice in the last ten seasons (88 in 2007, and 85 in 2009), that’s not too shabby.

Of note in the Bloomberg rankings, the website says the M’s are bringing in $17 million in concessions (read: expensive beer), which is good for 18th place in the league. Considering the team ranked 25th in attendance last year, that’s no small feat.

Naturally, the fine folks over at Lookout Landing have a take on the Bloomberg rankings, which can be found here.