Jul 15, 2013, 6:47 PM EDT
If you had to name the three NBA franchises worth the most money, you would have been wise to choose the franchises in the three biggest markets.
Forbes put together the list of the world’s 50 most valuable sports franchises. The first takeaway from this should be that it’s good to own major international soccer powers — Real Madrid, Manchester United and Barcelona were the three most valuable of any franchises — or pretty much any NFL team.
But three NBA teams did sneak onto the list.
The Knicks were the first NBA team to come in at No. 23, worth $1.1 billion. Next up was the Lakers at No. 31, worth $1 billion. The only other NBA franchise on the list was the Bulls at No. 47 ($800 million).
Value from owning an NBA team follows the basics of real estate — location, location, location. More fans equals larger local television deals, more lucrative sponsorship deals and the ability to charge more for tickets. It means you can spend a little more on your team… or just turn a nice profit from it. We’re looking at you, Reinsdorf.
- Report: Patrick Beverley out for rest of season, including playoffs 0
- Breaking down Western Conference playoff chase with two weeks left in season 4
- Breaking down Eastern Conference playoff chase with two weeks left in season 5
- Five Things We Learned in NBA Sunday: Dwyane Wade is going to will Heat into playoffs 13
- Sad news: Craig Sager announces his cancer has returned 16
- NBA players’ union head believes new labor deal can be reached without a work stoppage 11
- Kendrick Perkins says you’re blowing the LeBron James/Kevin Love thing way out of proportion 23
- Mark Cuban rips officials, NBA: ‘It’s criminal’ how Monta Ellis doesn’t get calls 25