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    Home»Investments»The PE-driven rise in NBA team valuations, average NBA team now valued at US$2.58bn
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    The PE-driven rise in NBA team valuations, average NBA team now valued at US$2.58bn

    December 20, 2021Updated:December 20, 20211 Min Read
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    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

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