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NBA’s Slam Dunk Valuations

NBA’s Slam Dunk Valuations
January 13, 2022

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Just look at the highest valued team in the NBA, the New York Knicks, and you'll realize it's not all about winning. Accounting considers the fanbases, arena draws, and household name players. Today we're looking at the factors making valuations grow despite smaller audiences and revenue declines due to Covid-19.

Forbes recently released the publisher's 2022 Business of Basketball ranking of the NBA team valuations, showing an overall increase of 13% across the board. We learned that NBA owners booked record deals in jersey patches (the brand logo on the team's jersey) and that media deals are expected to double in value because more people are turning to streaming services for their favorite team's games. The top three teams remain the same as last year, but those teams' valuations are up.


The Stats

#1 New York Knicks: $5.8BN

#2 Golden State Warriors: $5.6BN

#3 Los Angeles Lakers: $5.5BN


New Recruits
Sponsorship deals from mattress wholesalers and office supply stores are behind us. A new crew of companies is snapping up real estate on jerseys and arena signage. One jersey patch deal, from the robo-investment app Webull, scored the Brooklyn Nets an NBA record of $30MM. The Staples Center, home base for the LA Clippers and Lakers, has been rebranded the Crypto.com arena. The Portland Trail Blazers are certainly making good on their name by being the first to sign a cryptocurrency jersey patch deal. They signed with the crypto platform StormX.

For more on sports teams of every stripe, check out our Entertainment Industry, keyword 'Sports.'

College kids, take note
The Dorm Room Fund raises $10.4MM in fresh funding for students.
[Tech Crunch]
Steepest inflation in 40 years
Supply chain issues for food, cars, and furniture contribute to a 7% inflation rate.
[WSJ]
Since last week, PrivCo has added:
244 Companies | 147 Funding Activities | 82 M&A Deals

Funding & Deal Highlights:

 

TravelPerk raises $115MM from General Catalyst 

Travel Platform • Round D • Barcelona, Spain
 

BondCliQ raises from London Stock Exchange

Fintech • Round A • New York, NY
 

Pilgrim Soul raises $2MM from Merida Capital Holdings

Cannabis • Seed • Los Angeles, CA
 

eternalHealth raises $10MM from John Sculley

Health Care •  Round A • Boston, MA
 

Placer.ai raises $100MM from Josh Buckley

Geospatial • Round C • Los Altos, CA
 

Refyne raises $82MM from Tiger Global

Fintech • Round B • Bengaluru, India
 

Ecommerce Brands raises $40MM from Bearing Ventures

Brand Aggregator • Equity • Houston, TX
 

BigPanda raises $190MM from Advent International

IT • Round D • Mountain View, CA
 

Harry’s raises $139.9MM 

Grooming • Equity • New York, NY
 

InsurePay raises from Aquiline Technology Growth

Insuretech • Round B • Sarasota, FL
 

Checkout.com raises $1BN from Altimeter Capital

Payments • Round D • London, UK
 

Accelerant raises $193MM from Eldridge Industries

Insurance • Equity • Atlanta, GA
 

SeekOut raises $115MM from Tiger Global 

Recruitment • Round C • Redmond, WA
 

UBQ Materials raises $170MM from The Rise Fund

Industrial Services • Equity • Tel Aviv, Israel
 

Zero Hash raises $105MM from Point72 Ventures

Crypto • Round D • Chicago, IL
 

Western & Southern Financial Group acquires Fabric Technologies

Insurance Services • Acquisition • Brooklyn, NY
 

OSF Digital acquires FitForCommerce

Consulting • Acquisition • Short Hills, NJ
 

The Guild Hotel acquires Crea Management

Brokerage • Acquisition • Austin, TX
 

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