Gary Bettman press conference today: Q Gary, what is your reaction to seeing an NBA team, the Clippers, sell for $2 billion? Bettman: The fact of the matter is, and we discussed this earlier, sports franchises are becoming increasingly valuable because of their prominence as media content. It doesnt surprise me to see franchise values increase dramatically. Ours having done the same. One survey had our franchise values up like 46% last year. Not that I buy into all that, but it indicates a trend. I think there was a lot of uniqueness about the Clippers sale. It clearly, from what we hear, is going to sell for $2 billion. That may be a function of the uniqueness of the L.A. market. It may be a function of the uniqueness of the people who live in L.A. who wanted to own the franchise. It may be a function of the person who decided to buy it and his own particular circumstances. It went for $2 billion. Whether or not it means franchises in the NBA or any other sport are proportionately impacted, Im not so sure to the dollar. But if the Clippers are worth $2 billion, we have plenty of franchises that are worth that if not more. via @mikejurecki I understand the optimism but I dont know how many NHL franchises are worth over two billion dollars? #Leafs #Canadians #Canucks #Rangers #Blackhawks #Kings #Bruins #RedWings How many are worth two billion dollars?
Posted on: Thu, 05 Jun 2014 03:28:41 +0000
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