Portland Timbers' valuation jumped $150M to $700M, a 27.3% increase that outpaces MLS median appreciation of 12-15% annually. the jump reflects three drivers: (1) stronger local sponsorship renewal at $8M+, (2) expanded Thorns revenue sharing now embedded in parent valuation, and (3) broader MLS multiple expansion tied to Apple TV+ media deal floor-setting valuations at $500M+. Owner Merritt Paulson's franchise sits in MLS's top 10 by valuation, above Seattle ($675M) and below only LAFC ($1.05B) and Inter Miami ($625M pre-Messi adjustment). The revaluation anchors Portland's equity value above comparable mid-market sports assets, positioning the club for refinancing or partial sale-of-stake structures that MLS owners increasingly deploy.