Following the recent news that the New York Nicks have missed out on the top NBA team values spot, Forbes takes a look at just what makes the NBA tick, from the effect of cheap financing on team prices, to the players’ revenue share, the impact of arena bonds on team valuations and more. You can view this expert analysis by Mike Ozanian and Kurt Badenhausen in the video below.
According to Forbes.com, the New York Knicks are 2015’s second-most valuable NBA team, with a current value of $2.5 billion. A revenue of $278 million puts them just $15 million behind top position holders Los Angeles Lakers, but an operating income of just $53 million is 45% down on the previous year thanks to missing the playoffs and incurring a $36 million luxury tax bill. To put it in context,
The Spanish soccer league will challenge FIFA’s ban on clubs selling the transfer rights of contracted players to investors, league president Javier Tebas said. FIFA announced the ban on so-called third-party ownership last month, and Tebas referred to European Union rules on the free movement of capital in an e-mail yesterday without offering more details. A FIFA official said it had no comment on the matter. The prohibition takes effect
NFL Players Inc. recently released its quarterly ranking of the top 50 NFL players for merchandise sales, and the Denver Bronco’s quarterback topped the list. The ranking represents sales from jerseys, t-shirts, photos and other accessories sold by more than 80 NFLPI licensees between September 1 and November 30. Manning outsold all other players in Fatheads, bobbleheads and Nike game jerseys to unseat second quarter champion Russell Wilson from the
Wall Street will be part of “aggressive bidding” for the Brooklyn Nets, whose proximity might bring a price that eclipses the National Basketball Association record $2 billion former Microsoft Corp. Chief Executive Officer Steve Ballmer paid for the Los Angeles Clippers. Sports industry consultant Lee Berke, founder of LHB Sports, Entertainment and Media Inc., said in a telephone interview yesterday; “Another Picasso is up for sale. It’ll command a very
Forbes Magazine’s annual tally of the highest paid athletes was recently released for 2014, and some may be surprised at the athlete grabbing the number one spot. Boxer Floyd Mayweather earned a whopping $105 million for just 72 minutes of work in the ring for fights against Canelo Alvarez and Marcos Maidana. The Mayweather-Canelo fight, which was billed as “The One” set records for highest PPV gross ($150 million), live
Edward Glazer has put three million of his Manchester United shares up for sale. He is one of six children who received an equal split of Malcolm Glazer’s shares after the club owner died in May. Edward stands to make $45 million (approximately £28.7 million) on the New York Stock Exchange, reported by the Press Association (h/t Daily Mail). United released an official statement shortly after beating Southampton 2-1 on
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Rising equity markets, owner friendly collective-bargaining agreements, healthy business metrics. Despite these factors blessing sports leagues, or perhaps because of them, the sale of teams has been sluggish at best. “I haven’t seen it this quite in three or four years” In Major League Baseball, for example, there has not been a sale of a team in two years, the last being the San Diego Padres and the Los Angeles