Win or lose, the Knicks and Lakers are worth billions

How are ratings derived? Much like home ratings on online real estate sites, they are based on several factors including location, the o...

Much like home ratings on online real estate sites, they are based on several factors including location, the owner of the arena the team is playing in, and the team’s local TV offerings. James L. Dolan, the owner of the Knicks, also owns Madison Square Garden, while the Lakers rent the space at Staples Center, which will become known as the Arena on Christmas Day.

If you have two teams, let’s say one owns the building and the other leases it, what I’m evaluating is the economy, ”said Mike Ozanian, editor at Forbes who compiles his evaluations. “In other words, what are the revenues that the team generates in the building compared to its expenses? “

Team strengths are not necessarily taken into account, at least not completely. In the case of the Knicks, while Dolan owns MSG Networks, the regional cable channel that broadcasts games for the Knicks and several other New York area sports teams, that does not enter into the team’s assessment. However, the revenue generated by the network does.

Evaluators review public information about the team’s finances, consult with bankers involved in similar transactions, and consider previous sales and product scarcity.

The value of the franchise changes, Cuban said, based only on “supply and demand versus cost and availability of money versus expected cash flow, if any, and the cost and availability of the money. ‘appreciation expected “.

In 2014, Forbes valued the Los Angeles Clippers at $ 575 million. Later that year, Steve Ballmer bought the team for over $ 2 billion. Just like when buying a home, sometimes it is difficult to determine how impatient a particular buyer will be.

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Newsrust - US Top News: Win or lose, the Knicks and Lakers are worth billions
Win or lose, the Knicks and Lakers are worth billions
Newsrust - US Top News
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