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Knicks remain NBA’s most valuable team according to Forbes

The New York Knicks have remained the most valuable NBA team according to Forbes annual rankings of sports teams values. The Knicks are worth an estimated $4bn (€3.5bn) despite having the worst record in the league currently.

Madison Square Garden’s recent renovation has helped bolster the Knicks value, with the $1bn renovations helping to create new revenue streams for the Knicks.

The Los Angeles Lakers were ranked second with an estimated value of $3.7bn and the Golden State Warriors rounded out the top three with an estimated $3.5bn value.