NBA teams not only have a competition in performance, but also a contest in market value, in the understanding of most fans, the team's market value and performance are linked, strictly speaking, but not entirely right, such as the Knicks, this team in the history of the NBA is the oldest, founded in 1956, now 75 years have passed, but only won two championships, or ancient times, since entering the new century, the Knicks have no more bright results, but even so, the Knicks are still the most valuable team in the league, This record has been maintained for many years.
According to the latest forBes data, the Knicks have a market capitalization of $5.8 billion, ranking first in the league and third in the world, behind the Dallas Cowboys and the New York Yankees. It is worth mentioning that the Warriors' market value is close behind, up to $5.6 billion, which is the growth brought about by the results, this season, the Warriors have reached the Finals, the outside world predicts that they will win more against the Celtics, if they succeed in winning the championship, the Warriors' market value will continue to shrink with the Knicks, it is clear that the growth of the Warriors' market value is much more difficult than the Knicks.
Knicks sit in the New York market, and rooted in this place for 75 years, even if the results are bad, the market value will not be affected, this is the Warriors can not be compared, it can be seen that the Knicks owner Dolan is a qualified businessman, he has the wisdom to buy the Knicks, now earn a lot of money, even directly lying flat does not matter, anyway, fans in the face of how bad the Knicks will take it all. In 1997, the original Knicks owner chose to sell the team, and Dolan saw it as an excellent investment opportunity, so he decisively joined the Knicks battle.
Dolan's financial and luck are even better, and eventually he became the new owner of the Knicks at a price of $30 million, if you don't consider inflation, compared with the current sky-high market value of $5.8 billion, Dolan's purchase price is almost negligible, that is, in terms of market capitalization alone, Dolan has made at least $5.8 billion through the Knicks, because NBA teams have premiums, especially the Knicks sitting in the New York market, not to mention $5.8 billion, even if it is $6 billion, there is a rich group. Grab a head and break the bleeding.
In addition to the growth in market capitalization, the Knicks' revenue per season is also astronomical, since taking over the team, Dolan has never lost as much as the Nets this season, with tens of millions of dollars in revenue every year, in 24 years, Dolan has made hundreds of millions of dollars with the team's revenue, if you add the increase in market value, Dolan at least made more than $6 billion. The team's market capitalization is the same as the house price, location is the key, if the Knicks in a small city, the poor record will only rank at the bottom of the league, admire Dolan's vision.