February 3rd, 2007, 01:58 AM
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#1 (permalink)
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Moderator
Join Date: Nov 2006
Location: Milwaukee
Posts: 6,348
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Bucks' value increases
Quote:
As a franchise, the Milwaukee Bucks are worth $260 million, up 9% from the year before, according to Forbes magazine.
The business magazine annually lists the value of NBA franchises and just as quickly, the league denounces the numbers as erroneous.
According to Forbes, the Bucks rank 27th of 30 in terms of value. The highest valuation team is the New York Knicks franchise, which was valued at $592 million.
The magazine said the Bucks generated $87 million in revenue, with an operating profit of $1.5 million. The Bucks do not disclose their financial results, but team officials have said in recent years the team loses money.
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