The group owns the Knicks, the New York Rangers, and the Madison Square Garden building itself. and its history is also an important part of understanding how the Knicks’ business side of things looks now.įirst off, James Dolan serves as executive chairman and CEO of the group. Understanding the Madison Square Garden Sports Corp. The price the Dolan family and their companies paid for the team in 1997? $300 million. Forbes said that the Knicks saw a 67% increase in value from 2016 to 2021. The valuation at the time was lower, though, saying that the Knicks were worth $5 billion - more than a billion dollars less than Sportico’s valuation just a year and two months later. The ranking from Sportico aligns with a list from Forbes in May of 2021 that listed the Knicks as the third most valuable team in the world. Here’s a top 10 list of the most valuable teams in the NBA, according to Sportico.Ī history of the business side of the Knicks The Los Angeles Lakers are the only other NBA team within the top 10 most valuable North American squads.Īfter the Lakers, the next most valuable NBA franchise is the Brooklyn Nets in 28th place. In terms of the NBA, the Golden State Warriors are the next most valuable team at $6.03 billion. Only two teams currently rank above the Knicks in total value, the Dallas Cowboys and the New York Yankees. How do the Knicks compare to the other top-valued teams?
The Knicks are valued at $6.12 billion going into the 2022-23 NBA season, according to Sportico. might not be the best at putting together a playoff roster, but that hasn’t stopped the group from skyrocketing the value of the team since its purchase decades ago. James Dolan and the Madison Square Garden Sports Corp. In the wise words of ABBA, “Money, Money, Money.” The New York Knicks are the most valuable team in the NBA and the third most valuable in North America, according to an annual list published by Sportico on Aug. By Augustus Salt 1 month ago Follow Tweet
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