This situation is beyond belief. But the Dolans’ are going to give up the Indians franchise and they’re going to give the team to someone who is revered in the community.
In 2000, Larry Dolan bought the Cleveland Indians from Richard Jacobs for $323 million. During his 18 year tenure as owner, many fans have accused Dolan of being cheap and keeping a low payroll despite an ability to increase it. Popular he may not have been, but complaining about that now is just a fool’s errand.
Forbes has the Indians listed as the fourth least valuable franchise in baseball, with the total value coming to about $920 million.