NBA Franchise Values Have Skyrocketed Since The Clippers Sale
The value of the average NBA franchise jumped 74.4% in the last year and has more than doubled in the last two years according to the latest valuations released by Forbes.com.
Of course, the biggest factor this year was the $2 billion purchase of the Los Angeles Clippers by former Microsoft CEO Steve Ballmer. Even if Ballmer overpaid for the Clippers, something many people believe, it still showed that Forbes was underestimating how much people would be willing to pay for NBA franchises. In fact, the Clippers had the biggest one-year jump in value, rising 178% to $1.6 billion and are now the fifth-most valuable team.
The Los Angeles Lakers are the most valuable franchise at $2.6 billion, followed closely by the New York Knicks at $2.5 billion.
BusinessInsider.com
- 6 reasons why you should visit Ladakh this summer
- TVS iQube gets a new variant priced under ₹1 lakh, ST variant gets a bigger battery
- As English players begin their premature IPL exodus, Gavaskar calls for action against England Cricket Board
- Top 10 destinations for river rafting in India in 2024
- Should you enrol your child in an online university like IGNOU?
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market