Posted by
Message
TigerinATL
New Orleans Pelicans Fan
Member since Feb 2005
48421 posts

The Pelicans are worth $1 Billion according to Forbes
quote:

Mason Ginsberg @MasonGinsberg 7 minutes ago

The #Pelicans are the least valuable team in the NBA according to @Forbes.

And they're still worth $1 billion.

(Tom Benson bought almost 6 years ago for a reported $338 million.)

Image: https://pbs.twimg.com/media/DVca4l9XkAArXSk.jpg





I understand being smart about going into the tax, but investing some unprofitable years into building a winner would be so worth it. Just look at what winning did for the Saints.


NOSHAU
New Orleans Saints Fan
Member since Feb 2012
4143 posts

re: The Pelicans are worth $1 Billion according to Forbes
The exponential bumps in value of NBA franchises are nuts. Last year I think it was in the $675-$700 million range.


Replies (0)
Replies (0)
00
NorthshoreTiger76
New Orleans Saints Fan
LSU Fan
Member since May 2009
61612 posts
 Online 

re: The Pelicans are worth $1 Billion according to Forbes
Time to sell


saints5021
USA Fan
Slidell
Member since Jul 2010
3330 posts

re: The Pelicans are worth $1 Billion according to Forbes
That $300 Mil and change was a pretty damn good investment by Benson


saints5021
USA Fan
Slidell
Member since Jul 2010
3330 posts

re: The Pelicans are worth $1 Billion according to Forbes
Also, how are these values determined. I get that we are a bottom 10 team, but I would argue we are worth more than the Griz!


Jester
New Orleans Pelicans Fan
Baton Rouge
Member since Feb 2006
27100 posts

re: The Pelicans are worth $1 Billion according to Forbes
quote:

I would argue we are worth more than the Griz!


Based on?


TigerinATL
New Orleans Pelicans Fan
Member since Feb 2005
48421 posts

re: The Pelicans are worth $1 Billion according to Forbes
quote:

how are these values determined


quote:

Methodology

Revenues and operating incomes are for the 2016-17 season and net of revenue sharing and arena debt service. Revenue sharing pushed multiple teams like the Memphis Grizzlies, Charlotte Hornets and Milwaukee Bucks from the red into the black for profitability.

We use revenue multiples to calculate our team values (equity plus net debt) based on the economics of each team’s current arena deal. If a team has a new arena, media deal or sponsorship agreement set to kick in after the 2016-17 season, we estimate its impact on the enterprise value.

Our income statements include revenue team owners get from non-NBA events at their arena. The Nets basketball team posted a sizable financial loss but turned a profit if you include revenue from the Barclays Center and non-NBA events at the Brooklyn arena, which both funnel into the pockets of Prokhorov.

LINK

Another interesting tidbit

quote:

Kumar @FearTheBrown 32 minutes ago

The Pelicans rank 25th in revenue at $204 M and 18th in operating income at $37 M.



Replies (0)
Replies (0)
40
htran90
New Orleans Saints Fan
BC
Member since Dec 2012
21598 posts
 Online 

re: The Pelicans are worth $1 Billion according to Forbes
quote:

Based on?


Value of the players and seats being sold?

I don't know lol


Replies (0)
Replies (0)
00
TeddyPadillac
LSU Fan
Member since Dec 2010
11442 posts

re: The Pelicans are worth $1 Billion according to Forbes
I expect to see us near the bottom. It's all about tv markets.
It's pathetic that Philly and Atlanta are that low in terms of revenue, Phoenix too for that matter. They all have a population 5x bigger than NO/Mem/Mil.

Where is OKC grabbing extra revenue from, compared to the other small market teams? they don't own their arena. Is being that much more popular worth an extra $20M?


corndeaux
New Orleans Pelicans Fan
Member since Sep 2009
8754 posts

re: The Pelicans are worth $1 Billion according to Forbes
playoff home revenue for OKC

a main factor in the Pels consistent demands to be in the yearly playoffs under Benson regime


Macintosh504
Hawaii Fan
Loving Spirits University
Member since Sep 2011
34833 posts

re: The Pelicans are worth $1 Billion according to Forbes
Benson should sell now


NOFOX
New Orleans Pelicans Fan
New Orleans
Member since Jan 2014
6200 posts

re: The Pelicans are worth $1 Billion according to Forbes
I think the Forbes values don't take into account the most important thing regarding valuation for the small market teams: the lease agreement. The Pelicans whose lease expires in 2024 would probably fetch more than the Hornets whose lease runs to 2030, the Bucks whose lease runs to 2046, the Pistons, and a bunch of the other lower value teams who are subject to a much longer lease. The Forbes values seem to be based on the team staying in their current city as opposed to the value of being able to relocate a team to Seattle, Pittsbirgh, Vegas, St. Louis, KC...etc.


Replies (0)
Replies (0)
10
NOFOX
New Orleans Pelicans Fan
New Orleans
Member since Jan 2014
6200 posts

re: The Pelicans are worth $1 Billion according to Forbes
quote:

playoff home revenue for OKC


OKC also doesn't have any competition for fanbase $$$. Only game in town. Pels revenue would be much higher if the Saints weren't here.


Replies (0)
Replies (0)
00
TigerinATL
New Orleans Pelicans Fan
Member since Feb 2005
48421 posts

re: The Pelicans are worth $1 Billion according to Forbes
quote:

Benson should sell now


With the way the NFL has done almost everything wrong the last few years I think the NBA is on the rise. If they can find a way to integrate gambling in a clean way that doesn't lead to hints of scandal and fraud, they'll rise even more. His investment might have tripled already, but selling now is probably selling low.


Replies (0)
Replies (0)
20
TigerinATL
New Orleans Pelicans Fan
Member since Feb 2005
48421 posts

re: The Pelicans are worth $1 Billion according to Forbes
quote:

It's pathetic that Philly and Atlanta are that low in terms of revenue,


When I first moved to Atlanta I went to a few Hawks games and tried to get into the team (NOLA didn't have a team yet). It was impossible to get into the team when every game was like the Bandwagon Team games are for the Pels with the crowd cheering more for the visiting team. Atlanta just has too many transplants with established allegiances to get the support a city their size should have.


Replies (0)
Replies (0)
00
TeddyPadillac
LSU Fan
Member since Dec 2010
11442 posts

re: The Pelicans are worth $1 Billion according to Forbes
quote:

playoff home revenue for OKC



How much does that truly add though? the playoff revenue as a whole is distributed out i thought. Do you get more of the pie for being in the playoffs? Local revenue for playing the home game can't be that much for 2 games?


The_Duke
Member since Nov 2016
1424 posts

re: The Pelicans are worth $1 Billion according to Forbes
Yeaaa---this is kinda like being last on the list for the "50 most richest ppl on Earth". Not really bad to be last


Bonkers119
New Orleans Pelicans Fan
NOLA
Member since Dec 2015
2562 posts

re: The Pelicans are worth $1 Billion according to Forbes
So we’re 30th in Value, but we were 12th in revenue. Interesting.


supe12sta12z
Tiger Town
Member since Apr 2012
1134 posts

re: The Pelicans are worth $1 Billion according to Forbes
Well considering that this team doesn't really have any rich or relevant history in the league and the fact that they're not perennial playoff contenders, it's not hard to see why they were ranked the way they are.


Replies (0)
Replies (0)
00
Colonel Flagg
New Orleans Pelicans Fan
Baton Rouge
Member since Apr 2010
15860 posts

re: The Pelicans are worth $1 Billion according to Forbes
Owning Murdabird and King Cake Baby alone should Keep them out of the bottom spot.


Replies (0)
Replies (0)
40
first pageprev pagePage 1 of 2next pagelast page

Back to top

logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram