What it takes to be one of the world's most valuable sports teams:
Don’t look for Real Madrid to set any records with regard to the richest sports team sale, currently $2.3 billion for the sales of the Carolina Panthers in 2018 and the Brooklyn Nets in 2019. Real is owned by its more than 90,000 members, who elect a club president. It’s a similar structure at rival Barcelona, which ranks fourth overall with a value of $4.02 billion.NBA teams have made the most dramatic moves this decade. The New York Knicks headline nine hoops teams in the top 50 this year.
Three NBA franchises have been sold for at least $2 billion since 2014 . The prior NBA-record sale price was $550 million for the Milwaukee Bucks, which closed three months before Steve Ballmer’s $2 billion blockbuster purchase of the Clippers., with 300 million basketball players in China and annual revenue growing outside the U.S. at a rate in the high teens.
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