JPMorgan Pegs Knicks Value at $11.75 Billion Following Record Lakers Sale

JPMorgan Chase has placed an $11.75 billion valuation on the New York Knicks, following the record-setting sale of the Los Angeles Lakers for $12.5 billion.

The transaction provides a clear benchmark for marquee NBA franchises in major media markets, according to JPMorgan analyst David Karnovsky. The Knicks operate in one of the country's largest designated market areas and collect substantial regional sports network fees, despite not owning their home arena.

Sidley Austin sports partner Irwin Raij believes franchise values will continue to climb due to consistent crowds at live events and predictable cash flow from long-term television contracts. However, risks remain, including the need for fans to keep attending games and watching broadcasts.