During the 2010 lockout, many NBA owners were quick to complain about the rate at which they were losing money. While the available evidence backed up their claims, the argument lost some credibility given the exorbitant prices at which franchises sold once they went on the market. Even if teams lost a great deal of money in any consecutive seasons, the difference between owners' purchase and sale rates would net a considerable profit. Viewed as a whole, the business venture would be a smart one. The rate at which franchises appreciate in value can still be a little startling. Take, for instance, the case of the Golden State Warriors, purchased in 2010 by Joe Lacob, Peter Guber, and assorted other partners for $450 million. When one-time minority owner Vivek Ranadive bought the Sacramento Kings , he had to put his portion of the Warriors up for sale. He has a buyer, and the price puts the Warriors in the upper echelon of NBA franchise values. From Darren Rovell for ESPN.com :
More...
More...
