NEW YORK -- The New York Knicks have overtaken the Los Angeles Lakers as the NBA's most valuable franchise, and 17 of the 30 teams are estimated to have lost money last season, according to Forbes.
The Knicks' value rose 12 percent from $586 million to $655 million, the magazine said Wednesday in its annual evaluation. The rise was attributed to increased ticket sales and sponsorships at Madison Square Garden.
The Lakers went up 6 percent from $607 million to $643 million.
LOL... Knicks fans happy they have a higher net worth? i guess that's the only time they can get a heading with lakers in the title. Until they're title contenders the knicks are and have been for the last 30+ years irrelevant.
Why are Knick fans bragging about this? You guy's have done AWFUL for yourself's considering the location\most valuable franchise. What does that great city of NY land you? A decade full of irrelevancy and a second tier superstar in Amare! .
Seriously tho I'd understand if you guy's have dominated the league but you haven't. Laker\Celtics fans do this? It makes sense, you understand it. This is just more mindless arrogance from the Knick fan base