The NBA is doing well, thanks for it. And the 30 owners of the franchises that make it up too. According to the latest assessment from the American magazine Forbes , the business is so flourishing that the value of the Association's franchises has increased by 14% since last year to reach, on average, $ 2.12 billion. It must be said that the 30 clubs generated, cumulatively, 8.8 billion green tickets last season, an increase of 10% compared to the previous year.
Only Dallas Cowboys overtake New York Knicks
So there are three franchises that exceed $ 4 billion, according to the learned calculations of our colleagues, the New York Knicks (4.6), despite results at half mast for (very) long years and no real short-term perspective, the LA Lakers (4.4) and the Golden State Warriors (4.3). Only one club exceeds the New York franchise in all North American sport, the Dallas Cowboys in NFL (US football), at $ 5.5 billion. The New York Yankees (MLB, baseball) are inserted between the Knicks and the Lakers to appear in the Top 3, all disciplines combined.
Lower TV ratings, China business problems & Knicks futility can't stop rise of NBA team values; now $ 2.1B on avg, up 14%. Top 5 via @Forbes:
1. Knicks: $ 4.6B
2. Lakers: $ 4.3B
3. Warriors: $ 4.2B
4. Bulls: $ 3.2B
5. Celtics: $ 3.1Bhttps: //t.co/6PLem16aiIpic.twitter.com/1reKKZh81R
NBA side, Chicago (3.2), Boston (3.1), the Clippers (2.6), Brooklyn (2.5), Houston (2.475) and Dallas (2.4) are in the Top 10. The The biggest gain since last year is due to outgoing champions, the Toronto Raptors (2.1 billion, + 25%). The Canadian club ranks tenth.
$ 24 billion in TV rights
At the bottom of the NBA, we find Minnesota (1.375), New Orleans (1.350) and Memphis (1.300). Recall that the League led by Adam Silver sealed a $ 24 billion agreement with TNT and ESPN regarding TV rights. Contract entered into force in 2016-17. This explains, at least in part, the good financial health of the Association. Besides, only one team posted losses at the end of last season, Oklahoma City ($ 23 million). Finally, remember that the sales record is held by the Brooklyn Nets, sold for $ 3.3 billion last year. The Houston Rockets were sold for $ 2.2 billion in 2017 and the LA Clippers, for $ 2 billion in 2014 after the Donald Sterling scandal. Leading trio which could therefore be largely exceeded in the future ...
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