3. New York Knicks
Media mogul James Dolan owns the New York Knicks, priced at $7.5 billion, as well as Madison Square Garden. While the Knicks are not entirely successful on the court, the team’s fiscal being fuels from their wonderful location, large market, and huge and loyal fan base.
It also has revenue streams, such as broadcasting, brand partnerships, and multi-use functionality of Madison Square Garden, located several miles to the north of Yankee Stadium, which is host to myriad events throughout the year.
For all their recent failure to lift a banner, the Knicks are one of the NBA’s most valuable franchises and richest sports teams— thanks mostly to that lingering cache, and their market power.
