Friday, 21 February, 2020


Knicks, at $4.6 billion, listed as NBA's highest-valued team by Forbes

NEW YORK NY- OCTOBER 24 Members of the media tour Madison Square Garden after a press conference announcing the completion of three-year $1 Billion dollar face lift to Madison Square Garden Forbes: Knicks lead NBA in franchise value
Noah Ferguson | 14 February, 2020, 10:45

'We are actively looking for a new president of the New York Knicks and hope to conclude the search as quickly as possible, ' Dolan said in a statement.

The Raptors are now worth $2.1 billion from the most recent Forbes valuations, a 25% growth over previous year's figure. All NBA teams generated a combined $8.8 billion in revenue past year, a feat the league has never accomplished.

The Golden State Warriors' new stadium as well as arena renovations in Boston, Cleveland, Philadelphia and Washington should boost league revenue again, following last year's 10 percent uptick. The average team is now valued at about $2.1 billion, a figure that has grown nearly 600 percent in the last decade.

In the aftermath of Morey's tweet, China did not broadcast or stream the two preseason games that were held there while corporate partners in the country also scrapped or suspended relations with the league.

Slightly behind the Knicks are the Los Angeles Lakers (US$4.4 billion) and the Golden State Warriors (US$4.3 billion).

Winning might be the ideal method to improve a National Basketball Association team's worth, based on Forbes' franchise valuations, however nothing surpasses the glow of a significant sector.

The three franchises are in elite company in USA sports, where few franchises are estimated to be worth more than $4 billion.

For the Knicks, now a lowly 13th in the Eastern Conference, the list comes after their owner James Dolan reiterated he had no plans to sell the franchise and was on the hunt for a new president to help turn their fortunes around.

The rest of the top 10: Chicago ($3.2 billion), Boston ($3.1 billion), the Los Angeles Clippers ($2.6 billion), Brooklyn ($2.5 billion), Houston ($2.475 billion), Dallas ($2.4 billion) and Toronto ($2.1 billion).

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