Forbes: Guardians worth $1.3 billion

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Cleveland Guardians logo(Cleveland Guardians)
Published: Mar. 23, 2023 at 5:40 PM EDT
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CLEVELAND, Ohio (WOIO) - According to Forbes, the Cleveland Guardians are worth $1.3 billion, which places them 25th among MLB teams.

That Cleveland valuation is flat compared to this time last year.

The New York Yankees are #1 at $7.1 billion.

The MLB average is $2.3 billion, up 12% from a year ago.

The Guardians’ budget could also be hurt by the pending bankruptcy of Diamond Sports, which owns Bally Sports Great Lakes.

BSGL is scheduled to pay the Guardians $55 million this season for TV rights.

The team was bought by Larry Dolan for $320 million in 2000. Current owner Paul Dolan is Larry’s son and took control of the team in 2013.