Forbes released its Business of Baseball issue on Wednesday, claiming that 27 of the 30 MLB teams turned a profit in 2011.

According to Forbes, the Cleveland Indians cleared more than $30 million in operating income before interest, taxes, amortization, and depreciation. The Indians were listed as the 26th most valuable franchise at $410 million. This will surely fan the flames of the "Dolans' are cheap" trope that Clevelanders and Tribe fans are all too familiar with in this era of Tribe baseball.

The only teams not to turn a profit, according to the report, were the New York Mets, Philadelphia Phillies and the Los Angeles Angels. Here is the complete list of MLB team values.

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