Indians rank 18th in team value per Forbes

per Forbes, the Indians are worth $399M, excluding deduction for debt

in gross value, the Dolans are still ahead on their $323M purchase

9 months ago palcal 9 comments 0 recs |

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I’m confused – does this come from Forbes?

by JulioBernazard on Apr 23, 2009 2:17 PM EDT reply actions 0 recs

the Dolans are still ahead on their $323M purchase

Yes, if the time value of money is zero.

But hell, it’s better than if they’d put that 323M into the stock market, right?

Well, that's just, like, your opinion, man.

by Jay on Apr 23, 2009 7:29 PM EDT reply actions 0 recs

or Bernie Madoff like Wilpon did

by Roger Dorn on Apr 24, 2009 12:07 AM EDT up reply actions 0 recs

I don’t think many people who own baseball teams use them as investments. Though Richard Jacobs got a heck of return selling the Indians when he did.

by Ryan on Apr 24, 2009 12:55 AM EDT up reply actions 0 recs

Whoa there hoss – almost all of the Steinbrenner family fortune is invested in the Yankees and their subsidiaries. If ol’ George haddinitta transferred much of his capitol from the ship building business into the baseball operation, he’d be as broke as the Ten Commandments today. $10M to $2B over 26 years is 122% ROI/year – not too shabby.

Resident LGT results-oriented boob.

by mauichuck on Apr 24, 2009 1:13 PM EDT up reply actions 0 recs

as broke as the Ten Commandments

i’m stealing this for my own personal use. consider this my non-MLA accreditation.

by Brick. on Apr 24, 2009 1:49 PM EDT up reply actions 0 recs

But on the other hand there’s been several owners who’ve lost their shirts after buying a team. You could look at the owners of the Indians from the 1960s to Jacobs for many examples. There’s a lot more stable investments out there if you’re just looking to grow your money.

by Ryan on Apr 24, 2009 11:16 PM EDT up reply actions 0 recs

70% of that market cap has actually been on the balance sheet of the Cleveland Indians Financial Products Division since the franchise was converted to a bank holding company back in 2000. the team itself is actually only worth $20 mil and is owned by an offshore special investment vehicle.

by emil minty on Apr 24, 2009 10:23 AM EDT reply actions 0 recs

So the Dolans aren’t pikers after all. They’re a wholly owned subsidiary of a Guernsey special investment vehicle, which is in turn held by Art Modell.

by odradek on Apr 26, 2009 8:25 PM EDT up reply actions 0 recs