Golden State Warriors Ranked Ninth Most Valuable Franchise In NBA
On Wednesday, Forbes released a list of the most valuable teams in the NBA. While the New York Knicks and Los Angeles Lakers are the two most valuable franchises in the league, the Golden State Warriors were ranked ninth.
According to Forbes’ Kurt Badenhausen, the Warriors have a value of $750 million and should continue to rise with the second highest attendance in franchise history last season and a new arena in 2017:
During the summer of 2013, Vivek Ranadive, a small investor in the Warriors, sold his stake in the team for a price that valued the franchise at $800 million. The enterprise value was the highest ever placed on an NBA team. Ranadive sold his stake in the Warriors so a group he led could buy the Sacramento Kings for $534 million. The Warriors are building a new arena on the San Francisco waterfront that is expected to be ready by 2017 at a cost of as much as $1 billion. The club had the second highest attendance in franchise history last season at 794,230.
Since owner Joe Lacob bought the team in 2010, the Warriors have been a team on the rise. With ownership committed to winning, they have done an exceptional job of building around Stephen Curry these last couple of seasons.
With all their core players on contract through the 2015-16 season, the Warriors should be able to compete for championships every season and increase their value.