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Forbes: Raptors Worth $920M; 14th in the League

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  • Forbes: Raptors Worth $920M; 14th in the League

    ESPN wrote:
    Eleven teams are now worth more than $1 billion, according to Forbes, including Mark Cuban's Dallas Mavericks. Last year, when Forbes valued his team at $765 million, he called it "way too low," saying that his basketball asset was worth more than $1 billion.

    The Brooklyn Nets and the Atlanta Hawks -- two teams that are on the market -- are worth $1.5 billion and $825 million respectively.

    Michael Jordan hasn't had an easy road as owner of Charlotte's NBA team, but the former great certainly is in a good position financially. What he paid $275 million for five years ago is now worth $725 million, according to Forbes.

    Another team that has struggled on the court has also seen its value rise significantly. Josh Harris and his partners paid $280 million less than four years ago for the Philadelphia 76ers. Under his ownership, the team has gone 96-175 (.354), but Forbes said the team is now worth $420 million more than Harris paid for it.
    Source
    AVERAGE NBA Franchise Value: $1.106B ... WOW

    #1 - LA Lakers $2.6B
    #2 - NY Knicks $2.5B
    #3 - Chicago Bulls $2.0B
    #4 - Boston Celtics $1.7B
    #5 - LA Clippers $1.6B
    #6 - Brooklyn Nets $1.5B
    #7 - Golden State $1.3B
    #8 - Houston Rockets $1.25B
    #9 - Miami Heat $1.175B
    #10 - Dallas Mavericks $1.15

    #11 - San Antonio Spurs $1B
    #12 - Portland Trailblazers
    #13 - OKC Thunder

    Forbes wrote:
    #14 Toronto Raptors

    Current value: $920 million
    Revenue: $151 million
    Operating income: $18 million

    The Raptors qualified for the playoffs for the first time since 2008. The team's success fueled a 25% rise in TV viewership and 7% gain in gate receipts. Sponsor revenues moved up to seventh best in the league from 11th. The Raptors sold out season tickets for the 2014-15 season.

    Source
    .. at least we're worth more than Cleveland ...?
    Last edited by Joey; Wed Jan 21, 2015, 11:54 AM.

  • #2
    Crazy that the Spurs, after all the winning they've done in the past 16 years, have essentially the same value as the Raps and are the least valuable of the 3 Texas teams. Championships and generational talents generally boost value, but that franchise is so unique. Marginal fans don't really care about Tim Duncan or the city of San Antonio.
    "We're playing in a building." -- Kawhi Leonard

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    • #3
      S.R. wrote: View Post
      Crazy that the Spurs, after all the winning they've done in the past 16 years, have essentially the same value as the Raps and are the least valuable of the 3 Texas teams. Championships and generational talents generally boost value, but that franchise is so unique. Marginal fans don't really care about Tim Duncan or the city of San Antonio.
      Its TV related

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      • #4
        S.R. wrote: View Post
        Crazy that the Spurs, after all the winning they've done in the past 16 years, have essentially the same value as the Raps and are the least valuable of the 3 Texas teams. Championships and generational talents generally boost value, but that franchise is so unique. Marginal fans don't really care about Tim Duncan or the city of San Antonio.
        It's actually impressive how valuable they are considering how small and unimportant a market San Antonio is. Before you quote the population of the city, their Metro area is only the 25th largest in the country.

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        • #5
          Not sure how Forbes comes up with their estimates. Because you aren't getting the Raptors without also paying for the Leafs.. and in that case the value will be much higher.

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          • #6
            planetmars wrote: View Post
            Not sure how Forbes comes up with their estimates. Because you aren't getting the Raptors without also paying for the Leafs.. and in that case the value will be much higher.
            Yes, you are. Raps is company's asset, if MLSE decide to sell the Raptors - they'll sell it as an ASSET. Forbes say that this asset is valued at $920M.

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            • #7
              Considering the LA Dodgers sold for over $2B and the Clippers sold for $2B, isn't that what they're worth?
              The Double Champ is here!
              Dynasty King: RRNBADLS7
              Raptors: Larry O'Brien

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              • #8
                Mack North wrote: View Post
                Considering the LA Dodgers sold for over $2B and the Clippers sold for $2B, isn't that what they're worth?
                There are numerous ways to value businesses.

                Steve Balmer paid $400M more for the Clipps because of market potential + of course.. he was buying himself a toy.

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                • #9
                  I don't see an NBA team ever selling for less than the purchase price. Unbelievable investment opportunity if you have a few billion laying around.

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                  • #10
                    Looks like Rogers/Bell really ripped the teachers off with that deal

                    Comment


                    • #11
                      Primer wrote: View Post
                      I don't see an NBA team ever selling for less than the purchase price. Unbelievable investment opportunity if you have a few billion laying around.
                      You also need the cash flow to keep the franchise going until a sale if the team isn't competitive. Can't imagine Sacramento or New Orleans has positive operating budgets

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                      • #12
                        raptors999 wrote: View Post
                        You also need the cash flow to keep the franchise going until a sale if the team isn't competitive. Can't imagine Sacramento or New Orleans has positive operating budgets
                        You could easily get a loan to cover any budget shortfalls. Any lending institution would give the money knowing the franchise value increases over time regardless of success or anything else (e.g. Philly).
                        Don't think it would ever be an issue though, seems like the NBA makes sure the buyers are loaded before they let them buy the team. That's why we've been seeing all these Billionaires getting teams instead of ownership groups with a bunch of pathetic millionaires.

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                        • #13
                          Primer wrote: View Post
                          You could easily get a loan to cover any budget shortfalls. Any lending institution would give the money knowing the franchise value increases over time regardless of success or anything else (e.g. Philly).
                          Don't think it would ever be an issue though, seems like the NBA makes sure the buyers are loaded before they let them buy the team. That's why we've been seeing all these Billionaires getting teams instead of ownership groups with a bunch of pathetic millionaires.
                          You have to make loan payments. Being in the red operationally and then taking a loan is a recipe for insolvency. Its what caused the housing crisis in the US - cash crunch.

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                          • #14
                            In times like today, you would only buy an NBA franchise for fun. Maybe in 20-30 years you'll make hefty profit, but not now. Not anymore.

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                            • #15
                              rocwell wrote: View Post
                              In times like today, you would only buy an NBA franchise for fun. Maybe in 20-30 years you'll make hefty profit, but not now. Not anymore.
                              Precisely. You wanted to buy pre-Ballmer.

                              Ballmer blew up the whole market.


                              Like when Jodie Meeks gets $20M. Kinda ruins it for all the other buyers. Lol

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