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
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.