Colorado Rapids are the least valued team in Major League Soccer

The Colorado Rapids will open the 2023 season later this month as Major League Soccer's least-valued franchise.

By the numbers: The $350 million estimate from Forbes is a drop in the bucket compared to the $1 billion valuation of the Los Angeles Football Club.

• The Rapids' revenue is listed at $33 million in 2022 with a $5 million loss in operating income.

Between the lines: The valuation is based on limited public financial information, as well as interviews with club executives, Forbes says.

Of note: The second-most valuable MLS franchise is the L.A. Galaxy at $925 million, which is owned by Colorado's Philip Anschutz.