Forbes: Sacramento Kings worth $550 million
01/22/2014 3:09 PM
01/22/2014 9:15 PM
The Sacramento Kings are worth more this year than they were in 2013. But so are a lot of other NBA teams.
The Kings are worth $550 million, good enough for 16th in the league, according to Forbes Magazine’s annual rankings of NBA team values. With annual revenue of $115 million, the team turned a profit of $12 million the last year, the magazine reported.
The team was worth $525 million in last year’s rankings, which were revealed just days after the Maloofs had announced a deal to sell the Kings to a group in Seattle for an NBA-record amount.
Two years ago, the Kings were worth $300 million, ranking them 23rd in the league.
About This BlogRyan Lillis has covered the city of Sacramento, its 108 neighborhoods and its politicians since 2008. Prior to that, he covered crime at The Sacramento Bee. A native of upstate New York, Lillis has a journalism degree from the University of California, Berkeley.
Contact reporter Ryan Lillis at firstname.lastname@example.org or 916-321-1085. Twitter: @Ryan_Lillis.
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