- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
The Pelicans are worth $1 Billion according to Forbes
Posted on 2/7/18 at 10:05 am
Posted on 2/7/18 at 10:05 am
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.)
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.
8
Posted on 2/7/18 at 10:13 am to TigerinATL
The exponential bumps in value of NBA franchises are nuts. Last year I think it was in the $675-$700 million range.
Posted on 2/7/18 at 10:15 am to TigerinATL
Time to sell
Posted on 2/7/18 at 10:23 am to NorthshoreTiger76
That $300 Mil and change was a pretty damn good investment by Benson
Posted on 2/7/18 at 10:24 am to saints5021
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!
Posted on 2/7/18 at 10:30 am to saints5021
quote:
I would argue we are worth more than the Griz!
Based on?
Posted on 2/7/18 at 10:34 am to saints5021
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.
Posted on 2/7/18 at 10:34 am to Jester
quote:
Based on?
Value of the players and seats being sold?
I don't know lol
Posted on 2/7/18 at 10:50 am to TigerinATL
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?
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?
Posted on 2/7/18 at 11:03 am to TeddyPadillac
playoff home revenue for OKC
a main factor in the Pels consistent demands to be in the yearly playoffs under Benson regime
a main factor in the Pels consistent demands to be in the yearly playoffs under Benson regime
Posted on 2/7/18 at 11:04 am to TigerinATL
Benson should sell now
Posted on 2/7/18 at 11:06 am to TigerinATL
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.
Posted on 2/7/18 at 11:08 am to corndeaux
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.
Posted on 2/7/18 at 11:10 am to Macintosh504
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.
Posted on 2/7/18 at 11:14 am to TeddyPadillac
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.
Posted on 2/7/18 at 11:15 am to corndeaux
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?
Posted on 2/7/18 at 11:27 am to TigerinATL
Yeaaa---this is kinda like being last on the list for the "50 most richest ppl on Earth". Not really bad to be last
Posted on 2/7/18 at 12:07 pm to The_Duke
So we’re 30th in Value, but we were 12th in revenue. Interesting.
Posted on 2/7/18 at 12:14 pm to Bonkers119
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.
Posted on 2/7/18 at 6:20 pm to TigerinATL
Owning Murdabird and King Cake Baby alone should Keep them out of the bottom spot.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News