This topic contains 8 replies, has 7 voices, and was last updated by McDunkin 6 years, 7 months ago.
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- Posted on: Tue, 09/05/2017 - 4:49am #67214
publius2481ParticipantHouston buisnessman Tilman Fertitta has reached an agreement to buy the Rockets for $2.2 billion (a new record). I think most of us thought a price this high was at least possible (my guess had been $2 billion), but still amazing. Good time to be an owner who has owned a franchise for a while.
0 - Posted on: Tue, 09/05/2017 - 6:12am #1105692
BleedGreen808ParticipantCrazy to think Les Alexander bought the team 20+ years ago for 85mil and now he sold the team for a record 2.2bil.
0 - Posted on: Tue, 09/05/2017 - 6:38am #1105695
HitsterParticipantPrices go up. Manchester Utd FC in the UK was priced at under $20 million in 1989 and is now worth $3.7 billion approx..
0- Posted on: Tue, 09/05/2017 - 9:33am #1105705
BleedGreen808ParticipantThe success of the NBA is a large part of it though. Without TV deals and sponsorships the value of these teams wouldn’t increase this much.
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- Posted on: Tue, 09/05/2017 - 10:27am #1105706
BeastMode716Participant$81 Million bid w/ that $85 Million bid for the Rockets Franchise
And 24 years later he pays $2.2 Billion for the Rockets in 2017
0 - Posted on: Wed, 09/06/2017 - 8:56am #1105745
Memphis MadnessParticipant^^^^
What’s that ancient saying?
"Thou shalt not chase?"
I am assuming that Houston probably isn’t the most valuable NBA franchise out there, but in the 4th most populous town in the country in a big TV market (along with being a city with 2 NBA titles) it is in the NBA upper middle class at least.
I would think that the Lakers would be worth at least $5 billion, maybe closer to $10 billion. Knicks would obviously be worth a lot. The Bulls would be worth a bit more than the Rockets (depending on TV deals)… but Chicago is losing population, so the Bulls would be valued around $2.5 billion to $3 billion.
The Golden State Warriors are probably worth $4 billion to $5 billion, but if there is a bidding war, I can see someone paying close to $10 billion for them.
Celtics worth anywhere from $2 billion to $5 billion.
Most other teams worth less than $2 billion probably closer to $1 billion (if that).
The Grizzlies probably aren’t worth a billion. Neither would a LeBron-less Cavs team. Jazz, Bucks, Kings probably not although the Bucks sold last year or something like that.
0- Posted on: Wed, 09/06/2017 - 12:07pm #1105752
publius2481ParticipantForbes values the Rockets as the eighth most valuable franchise ($1.65 billion). The Knicks are the most valuable ($3.3 billion), the Lakers second ($3 billion), Golden State is third ($2.65 billion), the Bulls are fourth ($2.5 billion), and the Celtics are fifth ($2.2 billion). 19 teams are worth $ 1 billion or more. The least valuable is New Orleans ($750 million). Surprisingly, the Kings are the 15th most valuable franchise.
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- Posted on: Thu, 09/07/2017 - 4:57am #1105764
whiteflashParticipantFertita’s a cousin of the Fertita’s that used to own the UFC. I briefly dated his personal assistant. If even half of what she told me was true, this could get weird.
0 - Posted on: Sat, 09/09/2017 - 8:00am #1105806
McDunkinMcDunkin Management was thinking of making an offer but we didn’t think the 2+ billion dollar debt was worth the risk.
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