Sport

Bulls Rank 4th On Forbes List Of Most Valuable NBA Teams

Bulls Rank 4th On Forbes List Of Most Valuable NBA Teams”

The Knicks are worth $4.6 billion ($A6.9b), according to Forbes, despite having the worst win-loss record of any team during the past 20 years.

The value of individual teams is up 14 percent from a year ago, with the average team clocking in at a whopping $2.12 billion. NBA's 30 teams generated $8.8 billion in revenue last season, which is up by 10% over the previous year.

The annual look at National Basketball Association finances showed league revenues jumped 10% despite troubles in China over a tweet by Houston Rockets general manager Daryl Morey supporting Hong Kong protesters, a drop in television ratings and several top stars being sidelined by long-term injuries. The average team is now valued at about $2.1 billion, a figure that has grown nearly 600 percent in the last decade. Stand With Hong Kong'.

Only the Raptors, with a 25 per cent boost, had a higher jump in year-on-year value than Golden State (23).

More news: British finance minister Javid quits in reshuffle

The next deal, sports media consultant Lee Berke told Forbes, could be worth substantially more as the league capitalizes on its younger fan base with more streaming options.

The increase, due to a renovation of their arena, a blockbuster local TV deal and playing in the richest North American sports market, has occurred despite the Knicks (17-37) closing in on their seventh straight season of missing the play-offs.

'I am not selling, but I am determined to find the right leader for the Knicks who will ensure the long-term success of the team, just as we did with the hiring of [New York] Rangers president John Davidson'. Interim coach Mike Miller, who replaced the fired David Fizdale, could be brought back, but the team is reportedly searching for another replacement.

Rounding out the top five were the Chicago Bulls at US$3.2 billion and the Boston Celtics at US$3.1 billion. Surprisingly, the league's best side this season, Milwaukee Bucks are placed at lowly 19th with a $1.58 billion valuation.



Like this

loading...
loading...

Latest


13 February 2020
Donald Trump Shares Larry David Clip Wearing MAGA Hat, Twitter Reacts
Reflecting on the potency of the hat during a conversation with Jeff Garlin, Larry marvels that it "worked like a charm". Trump shared a short, profanity-laced clip from a recent Curb Your Enthusiasm episode with his 72 million followers.

13 February 2020
Steyer: Bloomberg's 2015 defense of stop-and-frisk is "extremely disturbing"
Representative Lucy McBath of Georgia, who said she was backing Bloomberg in part because of his proposals to curb gun violence. The billionaire a year ago apologised for backing stop-and frisk policing as he launched his White House campaign.

13 February 2020
Kane Williamson Hails 'Outstanding, Clinical Performance' in Third ODI
The Men in Blue suffered a whitewash in an ODI series since their 0-5 defeat against West Indies in 1988/89. However, KL Rahul's knock 112 runs boosted India to 296/7 in the allotted fifty overs.

13 February 2020
Kate Middleton Makes New Animal Friends During Surprise Farm Visit
The Duke and Duchess of Cambridge will be packing their bags for a royal state visit next month. Last year, Prince George's parents traveled to Northern Ireland for a royal visit.

13 February 2020
EPL: Jadon Sancho chooses Manchester United
Should the deal be completed, it would mark the first signing of Frank Lampard since being appointed head coach of the London based outfit.

13 February 2020
US, Germany got secrets via encryption devices sold to 120 nations
Crypto AG has sold its code-making equipment to over 120 countries, . including Iran and India as well as South Korea and Japan. The Soviet Union and China, America's main adversaries, were never Crypto customers, wary of the risks of such cooperation.

13 February 2020
Fashion designer Wendell Rodricks passes away
According to a report by news agency PTI, he was also passionate about setting up Moda Goa Museum, which is dedicated to the history of Goan costumes.

13 February 2020
Netanyahu rejects United Nations report on companies involved with settlements
Human Rights Watch's deputy advocacy chief Bruno Stagno welcomed the publication of the database. The rights council had never before requested such a list scrutinizing corporate activities.

13 February 2020
Mercedes signs new sponsor Ineos, awaiting Hamilton to commit
The news will be a boost for Red Bull, as Mercedes and Ferrari have experienced some issues with the development of their new cars for this season.

13 February 2020
China sees 242 coronavirus deaths, almost 15,000 new cases in one day
All but one of the deaths recorded so far have been in China, as have more than 99 per cent of all reported infections in the world.