The Cleveland Guardians have made the Major League Baseball playoffs the last two seasons, a testament to the team's growing success on the field. The franchise has been in postseason play seven times since 2016, including a heart-stopping loss to the Chicago Cubs in the 2016 World Series, which went seven games. Despite their on-field achievements, fans have expressed disappointment that the team's ownership has not kept pace with MLB payroll spending.
According to Bernie Pleskoff, a former professional Major League Baseball scout and Forbes contributor, the Dolan ownership group, led by Paul J. Dolan, has taken a calculated and deliberate approach to running the Cleveland baseball franchise. "The Dolan ownership group has been very strategic in their business model," Pleskoff said. "They've focused on building a strong farm system, developing young talent, and making smart free-agent signings. This approach has allowed them to stay competitive without breaking the bank."
The team's financial strategy has been successful, with the Guardians ranking 14th in MLB payroll spending in 2024, according to data from Spotrac. However, the team's revenue has increased significantly, with a 10% rise in 2024 compared to the previous year. The team's attendance has also been strong, with an average attendance of over 25,000 fans per game in 2024.
The Dolan ownership group's approach has also had a positive impact on the team's market value. According to Forbes, the Guardians' valuation has increased by 20% in the past year, making them one of the most valuable teams in MLB. "The Dolan ownership group has done a great job of building a strong brand and creating a loyal fan base," said Pleskoff. "Their business model is working, and it's paying off on the field and in the bank."
The team's success has also had a positive impact on the local economy. According to a study by the Cleveland Sports Commission, the Guardians' presence in the city generates over $100 million in economic activity each year. The team's success has also led to increased investment in the city's sports infrastructure, with the team's home stadium, Progressive Field, undergoing a major renovation in 2022.
The Cleveland Guardians' business model has been a key factor in the team's success, and it's likely that the team will continue to thrive in the years to come. As Pleskoff noted, "The Dolan ownership group has shown that you don't have to break the bank to be successful in baseball. They've built a winning team and a loyal fan base, and that's a recipe for success in any sport."
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