The Lakers won another championship of sorts this week, named the most valuable franchise in the NBA in the annual list compiled by Forbes Magazine.
The Lakers are worth $607 million in the magazine’s estimation. That’s up four percent from last year. Pretty decent return on investment for owner Jerry Buss, who bought the team for $20 million back in 1979.
The top five franchises, ranked by overall value, were:
- Los Angeles Lakers
- New York Knicks (proving, I suppose, that winning isn’t everything)
- Chicago Bulls
- Detroit Pistons
- Cleveland Cavaliers
Least valuable? The lowly Milwaukee Bucks.
Review the complete list at Forbes.com.
Most Valuable Franchise: The Lakers originally appeared on About.com Basketball on Thursday, December 10th, 2009 at 13:52:21.
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