http://www.forbes.com/2007/12/06/nba-team-valuations-biz-07nba-cz_kb_mo_cs_1206nba_land.html The Rockets are #5 in franchise value. 1. New York Knicks 2. Los Angeles Lakers 3. Chicago Bulls 4. Detroit Pistons 5. Houston Rockets 6. Dallas Mavericks 7. Cleveland Cavaliers 8. Phoenix Suns 9. Miami Heat 10. San Antonio Spurs
New York Knicks has positive value? hehe jk jk Seriously, they are lucky to be in New York. Usually a company with a disasterous management will never make this far to be profitable.
Read the article. The Knicks are not profitable, they are just valuable. They posted an operating loss of $42 million. This isn't to say they won't be profitable in the future, but as it stands they're bleeding money.