MLB World Series - additional information
Baseball in North America has a long history, dating back at least to the 1850s, when it was already referred to as the national game or national pastime. In the late 1800s, the National Association of Base Ball Players, the sport's first governing body, was formed in the New York area. Today, Major League Baseball (MLB) is the governing body of professional baseball in the United States and Canada, uniting two leagues — the American League (AL) and the National League (AL), each with 15 teams and three divisions.
Every October, the winners of each league championship series meet, in order to play the MLB World Series, the most important event of the baseball season, as well as one of the most valuable sports event brands worldwide. The World Series winners are determined in a best-of-seven-game series. The first official edition of the championship was held in 1903 and all other ones before that date are not recognized by the MLB. As of 2016, the World Series has been held a number of 112 times, the American League champion winning 64 editions and the National League champion 48. The most prolific team in the history of the game is the New York Yankees, which was the winner of the World Series a record 27 times, more than twice the number of wins of the second-ranked team, St. Louis Cardinals.
The Yankees, which play in the American League East, were established in 1901 under the name The Orioles in Baltimore and were rebranded in 1913 in New York. The New York Yankees are the most valuable franchise in Major League Baseball. As of 2017, the team’s brand value is estimated at some 3.7 billion U.S. dollars. It is also one of the teams with the best paid baseball players in the world.