The New York Knicks have had little success on the court in recent years, but they remain the most valuable NBA franchise.
The New York Knicks remain a dominant force in the NBA—just not on the court. According to Kurt Badenhausen of Forbes, the Knicks are the most valuable NBA franchise and the seventh most valuable in all of professional sports.
The Knicks are valued at $3.6 billion and are among eight NBA teams that crack the top 50. The NBA is coming under fire for lacking parity, but the money continues to pour into the league’s coffers.
The Knicks haven’t had any kind of sustained success in this millennium and yet, they’re still the top NBA dog on Forbes’ rankings. This speaks to a few different factors. Of course, the New York market is key and the allure of Madison Square Garden is crucial. But this also speaks to the loyalty of a fan base that is constantly derided by the media.
The Knicks are always near the top of the league in attendance, despite how difficult it may be to watch the product on the floor. That’s part of the reason why the fan base is so excited at the moment.
They’ve watched losing teams. But the difference now is that there appears to be a plan in place. Of course, that plan may not work, but there’s a long-term vision nonetheless.
Even when they’re bad, they’re profitable. But if that long-term vision pans out, James Dolan and the Knicks are poised to skyrocket in value.