The New York Knicks have cracked an incredible sound barrier!
According to data from Safe Betting Sites the NBA franchise is currently worth five billion dollars. Never before has a team had this monetary value. (Schedule for the 2020/21 NBA season)
According to the calculations, the Knicks are almost ten times as valuable as they were ten years ago. At the time, they were worth $ 655 million. The team occupies the top spot in the ranking for the sixth time in a row.
For comparison: the current champion Los Angeles Lakers comes in third place despite his two superstars LeBron James and Anthony Davis to 4.6 billion dollars. In second place in the table are the Golden State Warriors with $ 4.7 billion.
Knicks the most valuable sports team in the world
For many, however, the Knickerbockers are no longer a top team, but have increasingly degenerated into the laughing stock of the league in recent years.
In the past 20 years the team reached the playoffs only twice and even lost more than 70 percent of the games in the past six seasons!
However, this has little impact on the value of the franchise – just like the management.
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Instead, the New York location alone is worth $ 2.3 billion. In addition, Madison Square Garden is listed as a home venue with a billion dollars in the calculation.
Knicks are founding members of the NBA
With that numbered Safe Bettings 66 percent of the value due to the location and the arena alone.
But the name of the franchise also plays a role.
The Knicks are one of the most traditional teams. You stood on the floor in the first NBA game and scored the first basket. Together with the Boston Celtics and the Warriors, the Knicks are one of three remaining founding members in the league founded in 1946.
There are also two championships from 1970 and 1973.
Knicks are heading for playoffs
In the past few years there were only failures in sport. (Tables of the NBA)
However, that could change soon. The Knicks are currently heading for the playoffs and are once again an all-star with Julius Randle.
If the kinks are on the road to success, the value should soon increase even more.
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