The rich get richer.
Good news if you’re an owner of a Major League Baseball team: Things have never been better! According to Forbes, the website and magazine for all things business, the average baseball team now worth a whopping $1.2 billion, 48% more than a year ago, the biggest year-over-year increase since they began tracking team values in
Good new for those aspiring to work in sports within the state of Ohio: You have some of the best options in the country. According to Forbes, the Cleveland Cavaliers and Ohio State University athletics department are among the best in all the land with both being among the top five and Dan Gilbert’s Cavs
Another year, another disastrous ending to the Cleveland Browns’ season, and another offensive coordinator to blame for the team’s struggles. Let’s hope new offensive coordinator John DeFilippo lasts longer than a campaign for city council. Sweet Moses, do I see trendy culinary treats moving into right field? Yesterday, the Cleveland Indians announced that as part
It’s officially NFL list season at Forbes. When the NFL starts up, while others are debating depth charts and fantasy stats, Forbes does some compelling work looking at the business of the game. It’s the kind of work that likely tightens Darren Rovell’s pants.1 Anyway, Forbes has come up with a formula to calculate the
We already knew the Browns were valuable because Jimmy Haslam paid a big price to buy the team from the Lerner family. Just how valuable are the Browns relative to the rest of the league? Forbes says the Browns are 22nd. Team value: $1.12 billion Revenue 2013: $276 million Operating income 2013: $35 million There’s
Apparently Cleveland’s “letdown factor” has led to a bit of numbness as Atlanta, Georgia tops this year’s edition of Most Miserable Sports Cities as constructed by Forbes. So, just how did Atlanta—with it’s stretch of post-season play and general transient population—get the nod? We grade the misery of major sports cities (only those with 75
What is “value” in the NBA? Is it wins? Is it bang-for-the-buck? Is it rooted in absurd television deals? Well, Forbes announced its annual valuations of the National Basketball Association’s 30 teams, naming—surprise!— the usually hapless New York Knicks as the most valuable team worth $1.4 billion, up 27 percent over last season. The Cleveland
Mike Illitch may be willing to deficit spend his way to a World Series, but it is Cleveland Cavaliers owner Dan Gilbert who is officially the wealthiest person to live in Detroit, Michigan, per Forbes. Gilbert, the founder of Quicken Loans, Rock Ventures, Rock Gaming and owner of the Cleveland Cavaliers — among other smaller companies
Dan Gilbert’s Cleveland Cavaliers are reportedly worth $434 million. This report comes from the annual “Business of Basketball” report issued by Forbes. The Cavaliers, per this amount, rank 16th among the 30 teams in the NBA. Their profit last season, determined by operating earnings (earnings before interest, taxes, depreciation and amortization), was $19 million. The
In a recent report put together by Forbes which discussed the current state and value of NBA franchises as well as the successful television ratings which continue to go hand-in-hand with star-centric sporting events, we find that the Cleveland Cavaliers turned their biggest profit in the history of the franchise during the season which LeBron
The annual list of NFL team values has come out based on last year’s revenues according to Forbes. Despite a four-win season and an economic recession, the Browns’ value has stayed flat rather than losing value. As always, that is a true testament to us the fans. Imagine if the team was actually good and could capitalize
You are only the ninth worst city in which to be a sports fan. That’s right, there are eight teams ahead of you on Forbes’ illustrious list that combined various aspects of living with winning (or in this case, lack thereof).