Basketball
Golden State Warriors Top Forbes' List of Most Valuable NBA Teams in 2023
by privatebet.com - 2023/10/28
The Golden State Warriors failed to make it to the NBA finals this year, but this was still an amazing year for the team from a financial standpoint. Forbes just shared their annual list of the most valuable NBA teams, and the Warriors came on top with a $7.7 billion valuation. According to Forbes’ new report, the Warriors generated $765 million this past season, 48% more than any other team. This number represents the net of arena debt service and revenue sharing during the 2022-23 season. They’re also the league’s most valuable team for the second year in a row at $7.7 billion, up 10% from past year. Golden State is followed by The Knicks ($6.6 billion) and the Los Angeles Lakers ($6.4 billion) in second and third place, while the rest of the NBA teams are very far behind. Every other franchise has a valuation of below $5 billion, including the Boston Celtics ($4.7 billion) and Los Angeles Clippers ($4.65 billion), rounding up the top five. Forbes also reported that the average NBA team is worth $3.85 billion, an increase of 35% from last year, powered by high-profile majority stake sales of the Phoenix Suns and Charlotte Hornets. They’re also predicting that valuations will keep increasing, as the NBA rakes in approximately $13 billion this season, before debt payments and revenue sharing.