Fans knew NBA teams were highly valued. Forbes recent ranking justified that assumption.
Forbes published its’ NBA Team Valuation Rankings, placing the Philadelphia 76ers at a modest 20th. The Sixers are calculated at $418 million in overall team value. According to the survey, the team earns $107 million in net stadium revenue. They received a score of 127 in wins-to-player cost ratio, equating to 27% more wins per dollar than the NBA average. In comparison, the New York Knicks are the most valuable NBA team at $1,100 million. The Celtics and Nets are also above Philly, ranked at 4th and 9th, respectively. Toronto was ranked 21st.
In valuation breakdown, Forbes calculates that the Sixers earn $178 million in Sport revenue, about 42% of the overall revenue. Their market, stadium, and brand revenue accumulate to $242 million.
Forbes writes, “The 76ers had the biggest per game attendance jump in the NBA last season at 19% in their first year under the new ownership group led by billionaire Joshua Harris.”
If only this revenue spike elicited a win spike as well.