Forbes announced franchise valuations for Major League Soccer Wednesday. According to the report, the Galaxy is valued at $265 million, second to the Seattle Sounders ($285 million).

The report also stated that the Galaxy has the highest revenue from 2015 with $58 million.

Here is the complete top 10:1. Seattle $285 million; 2. Galaxy $265 million; 3. New York City FC $255 million; 4. Toronto FC $245 million; 5. Orlando City FC $240 million; 6. Houston $215 million; 7. Portland $210 million; 8. Sporting Kansas City $195 million; 9. New England $185 million; 10. San Jose $180

Forbes’  valuation estimates are based on multiples of revenue, as well as projections of future growth for the league. According to the report, the average MLS team is worth $185 million, up 18 percent from last year and 80 percent from 2013.