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The New York Knicks have been terrible on the court, but it apparently hasn’t affected the bottom line.
According to Darren Rovell of ESPN, the Knicks lead the NBA with a $4 billion valuation:
Darren Rovell @darrenrovell
JUST IN: Forbes NBA Franchise Values
1. Knicks, $4 Billion
2. Lakers, $3.7 Billion
3. Warriors, $3.5 Billion
4. Bulls, $2.9 Billion
5. Celtics, $2.8 Billion
6. Nets, $2.3 Billion
7. Rockets, $2.2 Billiion
8. Clippers, $2.15 Billion
9. Mavs, $1.9 Billion
10. Heat, $1.7 Billion
New York owner James Dolan recently said there were “feelers” for offers on the team worth about $5 billion, per ESPN.
New York has the worst record in the league at 10-43, and it hasn’t had a winning record since 2012-13. The franchise has only won a single playoff series since 2000, but playing in a major market has kept its value high.
The same could be said about the Los Angeles Lakers, who are ranked No. 2 with a $3.7 billion valuation even though they’ve gone five years without a playoff appearance.
The Golden State Warriors, worth $3.5 billion, have at least used on-court success to grow their brand with three titles in the last four years.
from Top Viral News Blog http://bit.ly/2TA4sX1
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