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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