The Knicks organization did a major overhaul on the team and the change is working.
According to a yearly report by Forbes Magazine, the NY Knicks are now ranked the most valued team in the NBA. The report states that a boost to their TV ratings and the renovation of Madison Square Garden were the primary factors that helped raise the team’s value.
The Knicks’ new value is $1.1 billion, approximately forty-one percent higher than last year’s value of $780 million.
The Los Angeles Lakers previously held the title as most valued team at $1 billion.
By the way how cute is that photo? Haha.
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