I wanted to post this here in case you didn’t see it via other media sources yet (my original source for this was an ESPN article – click here for that story and their analysis). Below is the report created by Bank of America to show how they’d determine the value of the franchise. If you go to page 4, you’ll see a chart that compares several potential sale prices to annual revenues. Specifically, the $2B sale price represents more than 10x annual revenue, where on page 5, you’ll see that no other NBA team has sold for more than 5x annual revenue. So to any NBA owners out there, maybe now is the time to sell!
There is a lot more great information in the report that shows some of the financials of a professional franchise, so I encourage everyone to read through it.