Knicks move to first on Forbes List
According to Forbes Magazine, the Knicks have moved ahead of the Lakers as the Most Valuable Franchise! The rise was attributed to increased ticket sales and sponsorships at Madison Square Garden. The Knicks acquiring Amar’e Stoudemire and NY’s love for their basketball team helped propell them into first.
Forbes did it’s annual evaluation on Wednesday (Jan 26, 2011), and the Knicks rose 12%: from $586 Million to $655 Million from a year ago. The Lakers in 2nd went up 6% from $607 million to $643 million.
The Miami Heat had the biggest percentage increase at 17% to $425 million, and good enough for seventh place.
Chicago was third at $511 million, followed by Boston ($452 million), Houston ($443 million) and Dallas ($438 million).
(some word for word similar to full article espn.com)
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