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New Forbes Team Valuations Are Out!

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New Forbes Team Valuations Are Out!

Unread postby skatingtripods » Wed Mar 21, 2012 5:25 pm

And the Indians are estimated to be worth $410M now.

They had an operating income last year of $30.1M. And, it's due in large part to SportsTime Ohio's revenues according to this article.

Although both the Kansas City Royals and Minnesota Twins were unsuccessful with attempts to launch RSNs in 2003 because they could not strike sufficient deals with carriers, the Cleveland Indians have shown that it is possible for a small market team to have its own network. The Indians started SportsTime Ohio in 2006, spurning a rights fee offer from Fox Sports Net Ohio in excess of $30 million per season. Although the Indians raked in less than $30 million in rights fees from SportsTime last year, team owner Larry Dolan and his family made a huge profit from their ownership of the RSN. Besides Indians games, STO programming includes coverage of the Browns, Ohio State, high school sports, the Mid-American Conference and golf.


Even though the Indians still rank 26th in Total Value among the 30 MLB teams, attendance jumped 30% for 2011 and the Indians average ticket price is 31% lower than the league average.

The team was valued at $353M last season.
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Re: New Forbes Team Valuations Are Out!

Unread postby Adverb Harry » Wed Mar 21, 2012 6:20 pm

Dolan is so cheap.
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Re: New Forbes Team Valuations Are Out!

Unread postby Dnthateonthepronk » Wed Mar 21, 2012 9:39 pm

:lmfao:
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Re: New Forbes Team Valuations Are Out!

Unread postby leadpipe » Wed Mar 21, 2012 10:07 pm

In double top secret MLB financial speak that converts to about 80 million in reeal dollars.
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Re: New Forbes Team Valuations Are Out!

Unread postby bookelly » Wed Mar 21, 2012 10:59 pm

Image

Yo...we gotta increase the shit out of our revenue stream.
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Re: New Forbes Team Valuations Are Out!

Unread postby 7foot3 » Thu Mar 22, 2012 1:15 am

bookelly wrote:Image

Yo...we gotta increase the shit out of our revenue stream.



Considering we are 7th from the bottom in revenue and 5th from the bottom in franchise value, yeah, they do need to seriously increase the revenue stream.
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Re: New Forbes Team Valuations Are Out!

Unread postby pup » Thu Mar 22, 2012 6:21 am

They could try to decrease their profit number to increase their revenue.

Took about 5 minutes for Bobby D to put out a statement that they disagree with those numbers :lmfao:
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Re: New Forbes Team Valuations Are Out!

Unread postby Emmo213 » Thu Mar 22, 2012 9:19 am

Can't find Dolan's reply. Is there a link?
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Re: New Forbes Team Valuations Are Out!

Unread postby andrew6586 » Thu Mar 22, 2012 12:39 pm

BREAKING NEWS: Larry Dolan suffered from a heart attack after hearing that a team is allowed to spend more than $7.32 on a free agent. More to follow.
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Re: New Forbes Team Valuations Are Out!

Unread postby Spin » Fri Mar 23, 2012 10:44 am

Oh those poor downtrodden small-market teams can barely afford to turn on the lights at the stadium...

:bs:
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Re: New Forbes Team Valuations Are Out!

Unread postby jb » Fri Mar 23, 2012 3:08 pm

This here's the story bout Billy Joe and Bobby Sue...
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Re: New Forbes Team Valuations Are Out!

Unread postby 7foot3 » Mon Mar 26, 2012 3:38 pm

pup wrote:They could try to decrease their profit number to increase their revenue.

Took about 5 minutes for Bobby D to put out a statement that they disagree with those numbers :lmfao:


Yeah when they've increased payroll or cut into the bottom line, revenue numbers have really shot up.
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Re: New Forbes Team Valuations Are Out!

Unread postby pup » Mon Mar 26, 2012 3:52 pm

7foot3 wrote:
pup wrote:They could try to decrease their profit number to increase their revenue.

Took about 5 minutes for Bobby D to put out a statement that they disagree with those numbers :lmfao:


Yeah when they've increased payroll or cut into the bottom line, revenue numbers have really shot up.


Sorry. They could try to decrease their profit number for more than 1 season to increase their revenue.
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Re: New Forbes Team Valuations Are Out!

Unread postby e0y2e3 » Mon Mar 26, 2012 9:27 pm

Pup, the Forbes numbers are bad, bad, bad shit.

http://t.co/TvOE2jQ6

I don't think Dolan is in the right, but I did take part in Jennifer digging into the Forbes numbers many years ago. They are not trustable, at all.
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Re: New Forbes Team Valuations Are Out!

Unread postby swerb » Mon Mar 26, 2012 10:45 pm

My guess - the Indians didn't make 30 mill last year. And they aren't just "spending what they take in" and making no profit with the team.

Prolly making 10-15 mill a year on the team.
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Re: New Forbes Team Valuations Are Out!

Unread postby peeker643 » Tue Mar 27, 2012 8:29 am

swerb wrote:My guess - the Indians didn't make 30 mill last year. And they aren't just "spending what they take in" and making no profit with the team.

Prolly making 10-15 mill a year on the team.


Agree with that. Rarely are the profits or losses as big as what's reported.

And btw, don't begrudge them making their money. It's kind of the point. They do need to understand their ability to make it is at at causally related to putting a comptetitive team on the field.

Or, at least, the more competitive the more money likely.
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Re: New Forbes Team Valuations Are Out!

Unread postby pup » Tue Mar 27, 2012 9:13 am

peeker643 wrote:
swerb wrote:My guess - the Indians didn't make 30 mill last year. And they aren't just "spending what they take in" and making no profit with the team.

Prolly making 10-15 mill a year on the team.


Agree with that. Rarely are the profits or losses as big as what's reported.

And btw, don't begrudge them making their money. It's kind of the point. They do need to understand their ability to make it is at at causally related to putting a comptetitive team on the field.

Or, at least, the more competitive the more money likely.


That is what I disagree with. They can easily put a number to what they will draw for attendance, no matter what. A base line. They can get pretty close to what their piece of all the revenue streams from MLB will be.

And every dollar they spend above that makes it harder to make as large of a profit, so they are fine with it.

If you believe they did not make $30M last year, then you have to believe they are almost assured of losing money this year with the payroll increase. They will receive less in revenue, tickets will be a near wash.

And I just do not believe they operate under a plan that will have them losing money at that level.
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Re: New Forbes Team Valuations Are Out!

Unread postby e0y2e3 » Tue Mar 27, 2012 9:19 am

swerb wrote:My guess - the Indians didn't make 30 mill last year. And they aren't just "spending what they take in" and making no profit with the team.

Prolly making 10-15 mill a year on the team.


I would love to see the partnership agreement for the team, as that sounds like a pure cash distribution. Which is interesting.
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Re: New Forbes Team Valuations Are Out!

Unread postby Jumbo » Tue Mar 27, 2012 10:01 am

Of course, the thing that Forbes points out, that Pluto doesn't ask about nor Dolan volunteer, is the relationship between the Indians and STO. It's possible (and it's unclear whether the Indians do this), that the Indians sell their rights fees for a discount to STO.
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Re: New Forbes Team Valuations Are Out!

Unread postby peeker643 » Tue Mar 27, 2012 10:27 am

Jumbo wrote:Of course, the thing that Forbes points out, that Pluto doesn't ask about nor Dolan volunteer, is the relationship between the Indians and STO. It's possible (and it's unclear whether the Indians do this), that the Indians sell their rights fees for a discount to STO.



Hard to blame Pluto for that.

I'd put the blame on whomever Pluto is poaching this week for his stories. You can't expect that lazy fuck to do anything on his own. Not to mention that since the Indians hand feed the decaying literary legend his stories and angles they may have left that piece out of the handout.

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