Indians worth 10 percent more than they were a year ago

The organization is worth $1.2 billion according to Forbes

James Rapien
April 11, 2019 - 7:00 am
Apr 11, 2017; Cleveland, OH, USA; Cleveland Indians owner Paul Dolan speaks during the American League Championship ring ceremony before the opening day game between the Cleveland Indians and the Chicago White Sox at Progressive Field. Mandatory Credit: K

© Ken Blaze-USA TODAY Sports

Categories: 

Cleveland, OH (92.3 The Fan) – The Indians’ value continues to rise according to Forbes. The organization is now worth $1.2 billion, which is up 10 percent from last year.

The Indians had the highest local television ratings in all of baseball last season, posting an 8.33 rating on SportsTime Ohio. That’s 28 percent higher than it was in 2017.

The organization was 25th in overall value among all of Major League Baseball. Only Oakland, Cincinnati, Kansas City, Tampa Bay and Miami were ranked lower than the Indians in overall value.

Cleveland was one of 10 organizations whose value rose 10 percent or more over the past year. The article also says the Indians championship window is still open with Jose Ramirez under contract through 22 and Francisco Lindor under team control through 2021.

This valuation from Forbes comes just weeks after owner Paul Dolan said the franchise struggles to make money on a yearly basis. 

“The reality is, we lose money almost every year, and we’ve lost a lot the last few years,” Dolan told Anthony Castrovince of MLB.com. “It’s the nature of our business. We’ve owned the team for 20 years and never taken a penny out of it. On the rare times when we make money, we reinvest it in the team.”

If the Dolans are losing money, then they'll make all of it back and then some when they decide to sell the team. They purchased the Indians from Richard Jacobs for $323 million in 2000.