Giants Value Climbs Inspite of Losses

Yesterday, Matier & Ross report that the playoffs have been quite a boon the San Francisco Giants and that due to post season revenues the Giants hope to posts profits in the range of $7 to $10 million. Without these additional sales they were looking at a loss of between $4 million to $5 million. Apparently, the teams value had been estimated to have increased by $12 million. It seemed that this estimate was made before the post season revenues were considered.

I just do not understand how teams' value can continue to rise despite continued losses. I think there is a great deal of creativity in MLB accounting and these teams keep threatening to move because they can not make money. They are such liars.