
Knicks Valuation Insights Following Lakers' Record Sale
Following the Lakers' recent sale, the Knicks are among the few NBA teams that could exceed the record valuation of $12.5 billion set by Los Angeles. James Dolan, the Knicks' owner, is not currently considering a sale after winning his first championship.
The Lakers' sale has positively influenced the stock market, with shares of Madison Square Garden Sports rising by 5.25%, reaching a new high of $414.12. This marks the largest single-day percentage increase since February 18.
According to Forbes, the Knicks are valued at $9.75 billion, ranking third among NBA franchises, behind the Golden State Warriors at $11 billion and the Lakers at $10 billion. Experts note that these three teams are significantly ahead in terms of valuation.