Los Angeles Clippers see value jump 20% in Sportico’s 2021 team valuations.
The New York Knicks have retained their place as 2021’s most valuable National Basketball Association (NBA) franchise at US$6.12 billion in Sportico’s annual valuations, with the league’s team average value now pegged at US$2.58 billion.
Golden State Warriors (US$6.03 billion) were ranked second by the US-based sports business outlet, with the Los Angeles Lakers in third with a valuation of US$5.63 billion.
Also seeing significant growth were the Phoenix Suns, whose valuation was up 17 per cent on last year to reach US$1.92 billion, and the Indiana Pacers (up 16 per cent) for a valuation of US$1.8 billion.
In the last 12 months Arctos Sports Partners has acquired a five per cent stake in the Warriors at a US$5.5 billion valuation, as well as a 17 per cent share in the Sacramento Kings, in a deal which valued the team at US$1.84 billion.
Read more/Source: SP
