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Pelicans are the lowest valued franchise in the NBA
Posted on 2/15/17 at 10:59 am
Posted on 2/15/17 at 10:59 am
quote:
The Pelicans are the lowest-valued franchise in the NBA, according to a Forbes estimate of all 30 teams released Wednesday. Forbes pegs the franchise's value at $750 million -- still a significant jump from when Tom Benson purchased it from the NBA in 2012 for $338 million. The average value of a franchise, per Forbes, is $1.36 billion.
Posted on 2/15/17 at 11:01 am to different arse
wish i was the stupidest kid in the smartest of schools.
Posted on 2/15/17 at 11:37 am to different arse
This estimate is high. The Trust's experts in the Benson case valued the Pels at $588M. They would put forth the highest value they could.
Posted on 2/15/17 at 11:46 am to NOFOX
It's sad. Tom just needs to sell it to someone who has the time/effort to give it the attention it needs. Unfortunately, there's not many (if any) billionaires from Louisiana that would pay drop a billion to keep the Pels here.
Posted on 2/15/17 at 12:09 pm to The Pirate King
I wonder why the value is lower than a franchise like the Bucks or Magic?
Posted on 2/15/17 at 1:01 pm to saints5021
quote:
I wonder why the value is lower than a franchise like the Bucks or Magic?
because those franchises have been in their cities far longer than the Pelicans and have had stretches of success.
the pels haven't been here that long, have been rebranded once already, and they've sucked nearly the entire time the franchise has been in New Orleans.
Posted on 2/15/17 at 1:24 pm to different arse
Finally!!!!!
We are number one at something regarding this franchise
We are number one at something regarding this franchise
Posted on 2/15/17 at 5:18 pm to The Pirate King
quote:
It's sad. Tom just needs to sell it to someone who has the time/effort to give it the attention it needs. Unfortunately, there's not many (if any) billionaires from Louisiana that would pay drop a billion to keep the Pels here.
Just let oil prices go up and Lafayette and Shreveport will be full of them. (sarcasm)
Posted on 2/16/17 at 12:43 am to WeeWee
quote:
Just let oil prices go up and Lafayette and Shreveport will be full of them
Truck nuts hanging from da baby dome!
This post was edited on 2/16/17 at 12:44 am
Posted on 2/16/17 at 4:13 am to different arse
"If you ain't first, you're last" Ricky Bobby
Posted on 2/16/17 at 11:42 am to Zach Lee To Amp Hill
quote:
I wonder why the value is lower than a franchise like the Bucks or Magic?
uhh, larger markets. And, Orlando is Mickey Mouse's team.
quote:
the pels haven't been here that long, have been rebranded once already
The Pelicans have been here long enough for value to mean something which is another reason why it was rebranded. yes, to initially profit off merchandise sales but also to make the franchise a Louisiana, gulf south team.
quote:
they've sucked nearly the entire time the franchise has been in New Orleans
:lol: your comparison does not compute when you consider the success rate of the Bucks and Magic franchise.
I'd also argue that you're wrong. New Orleans basketball has won a division title, finishing as high as 2nd during the best 2 decades of western conference basketball (I understand we started in the Eastern conference).
They've been a playoff team 6-of-14 seasons. That's 43%.
You're generalization is purely wrong.
Posted on 2/16/17 at 12:10 pm to jptiger2009
quote:
New Orleans basketball has won a division title,
Wouldn't know it looking up in the rafters.
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