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[Forbes] Houston Rockets among teams worth over $1 billion

Discussion in 'Houston Rockets: Game Action & Roster Moves' started by KiLLiN, Jan 21, 2015.

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  1. CDrex

    CDrex Member

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    I'm rolling at the Nets posting an EBITDA of negative 99 million at a time in the league when literally every other team in the league is making money. How is that humanly possible with one of the largest revenue streams in the league?
     
    #21 CDrex, Jan 21, 2015
  2. Num1RoXfaN

    Num1RoXfaN Member

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    The people of Brooklyn should all come together and invest in buying the team!!! **** a 401K buy yourself an NBA team. There is 2.592 million people in Brooklyn if each person put $600 of their own money to purchase the team that would buy the team at $1.5 billion....
     
    #22 Num1RoXfaN, Jan 21, 2015
  3. shastarocket

    shastarocket Member

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    Serious question, why are we valued more than the Mavs and Miami?
     
    #23 shastarocket, Jan 21, 2015
  4. Teen Wolf

    Teen Wolf Member

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    Rockets still have good will with Chinese fans and our local economy is larger than Miami/Dallas?
     
    #24 Teen Wolf, Jan 21, 2015
  5. acjeitherocket

    acjeitherocket Member

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    hahahahhahahaahaa
     
    #25 acjeitherocket, Jan 21, 2015
  6. KiLLiN

    KiLLiN Member

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    This'll be a big selling point for the players when the next CBA talks roll around (according to the article it'll be around 2017ish??).

    The value of franchises will be much higher by then too, especially if Adam Silver plans to expand with 4 teams in Europe, further opening up that market.
     
    #26 KiLLiN, Jan 21, 2015
  7. aggie87

    aggie87 Member

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    too bad our owner runs the team like a business rather than a passion...
     
    #27 aggie87, Jan 21, 2015
  8. lnchan

    lnchan Sugar Land Leonard
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    Seriously? Les has done what he can under the league's parameters... the Rockets could easily be the Suns during the Nash-era if he so desired.
     
    #28 lnchan, Jan 21, 2015
  9. Pizza_Da_Hut

    Pizza_Da_Hut I put on pants for this?

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    <iframe title="Embedded Tweet" style="display: block; max-width: 99%; min-width: 220px; padding: 0px; border-radius: 5px; margin: 10px 0px; border-width: 1px; border-style: solid; border-color: rgb(238, 238, 238) rgb(221, 221, 221) rgb(187, 187, 187); -moz-border-top-colors: none; -moz-border-right-colors: none; -moz-border-bottom-colors: none; -moz-border-left-colors: none; border-image: none; box-shadow: 0px 1px 3px rgba(0, 0, 0, 0.15); position: static; visibility: visible; width: 500px;" allowfullscreen="" class="twitter-tweet twitter-tweet-rendered" allowtransparency="true" scrolling="no" id="twitter-widget-0" frameborder="0" height="362"></iframe>
    <script async="" src="//platform.twitter.com/widgets.js" charset="utf-8"></script><iframe style="display: none;" allowtransparency="true" scrolling="no" id="rufous-sandbox" frameborder="0"></iframe>

    Yeah, what the hell does Forbes know about money?
     
    #29 Pizza_Da_Hut, Jan 21, 2015
  10. Kruze10

    Kruze10 Member

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    Around 85 million.
     
    #30 Kruze10, Jan 21, 2015
  11. Pizza_Da_Hut

    Pizza_Da_Hut I put on pants for this?

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    http://hoopshype.com/owners/leslie_alexander.htm

    Leslie Alexander Houston Rockets<table class="hhdatatablev3 hhdatatablev3-data" align="left" bgcolor="#F6F5ED" border="0" cellpadding="2" cellspacing="1"><tbody> <tr class="hhdatatablev3-title"><td colspan="4" bgcolor="#A51809" height="30">
    </td> </tr> <tr class="hhdatatablev3-data-list"> <td rowspan="5" align="left" bgcolor="#F6F5ED" valign="middle" width="75">[​IMG]</td> <td rowspan="5" align="left" bgcolor="#F6F5ED" valign="middle" width="164"> Seasons: 21
    Playoffs: 13
    Division Titles: 1
    Conference Titles: 2
    NBA Titles: 2 </td> <td rowspan="5" align="left" bgcolor="#F6F5ED" valign="middle" width="1">
    </td> <td class="hhdatatablev3-data-text" align="left" bgcolor="#FFFFFF" valign="middle">Net worth: $80 million</td> </tr> <tr> <td class="hhdatatablev3-data-text" align="left" bgcolor="#FFFFFF" valign="middle">Team bought for: $85 million (1993)</td> </tr> <tr> <td class="hhdatatablev3-data-text" align="left" bgcolor="#FFFFFF" valign="middle" width="389">Current value of the team: $775 million</td> </tr> <tr> <td class="hhdatatablev3-data-text" align="left" bgcolor="#FFFFFF" valign="middle" width="389">Biggest contract offered: $85 million (Steve Francis, 2002)</td> </tr> <tr> <td class="hhdatatablev3-data-text" align="left" bgcolor="#FFFFFF" valign="middle" width="389">Head coaches hired: Four (Rudy Tomjanovich, Jeff Van Gundy, Rick Adelman and Kevin McHale)</td></tr></tbody></table>
     
    #31 Pizza_Da_Hut, Jan 21, 2015
  12. glimmertwins

    glimmertwins Member

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    Ha - no worries. Ya, I read it wrong - was closer to 5%. As you could probably tell by the fact I am not a millionaire, I'm not very good at managing my finances.
     
    #32 glimmertwins, Jan 21, 2015
  13. shastarocket

    shastarocket Member

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    The Chinese fans definitely make a difference, but I have a hard time believing that our local economy matters when the TV money should be similar/better in Dallas/Miami.

    On one side you have teams that are recent champions, regularly sell-out AND fill their stadiums while the other side features the specter of CSN Houston and other BS.
     
    #33 shastarocket, Jan 21, 2015
  14. Key

    Key Member

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    Wow this business is booming. Most of the teams went up in value by over 50%, some even doubled in value. Probably already adjusting for that new TV deal, maybe?

    But Balmer paid 2B for Clippers even before the deal... We will see how these team values measure up with the real world after Prokhorov sells his. But I'm suspecting these numbers are still quite deflated. It's not just the balance sheet and income statement, there is also a huge value in prestige owning an NBA team.

    Anyway, some team would make an IPO, I would definitely buy some stock.
     
    #34 Key, Jan 21, 2015
  15. J.R.

    J.R. Member

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    http://www.forbes.com/nba-valuations/list/
    http://www.forbes.com/teams/houston-rockets/

    <PRE> Rank Team Current Value 1-Yr Value Change Debt/Value Revenue Operating Income
    #1 New York Knicks $3 B 20% 0% $307 M $108.9 M
    #2 Los Angeles Lakers $2.7 B 4% 1% $304 M $133.4 M
    #3 Chicago Bulls $2.3 B 15% 2% $228 M $67.6 M
    #4 Boston Celtics $2.1 B 24% 8% $181 M $57.4 M
    #5 Los Angeles Clippers $2 B 25% 0% $176 M $20.6 M
    #6 Golden State Warriors $1.9 B 46% 13% $201 M $57.6 M
    #7 Brooklyn Nets $1.7 B 13% 15% $220 M $-5.7 M
    #8 Houston Rockets $1.5 B 20% 7% $237 M $74.6 M
    #9 Dallas Mavericks $1.4 B 22% 8% $177 M $24.3 M
    #10 Miami Heat $1.3 B 11% 7% $180 M $20.8 M
    #11 San Antonio Spurs $1.15 B 15% 7% $170 M $31.9 M
    #12 Cleveland Cavaliers $1.1 B 20% 18% $191 M $24.8 M
    #13 Phoenix Suns $1 B 10% 18% $154 M $21.8 M
    #14 Toronto Raptors $980 M 7% 12% $163 M $23.5 M
    #15 Portland Trail Blazers $975 M 4% 11% $157 M $4.1 M
    #16 Washington Wizards $960 M 7% 14% $146 M $2.9 M
    #17 Oklahoma City Thunder $950 M 2% 15% $157 M $20.9 M
    #18 Sacramento Kings $925 M 16% 25% $141 M $4.2 M
    #19 Orlando Magic $900 M 3% 17% $143 M $35.4 M
    #20 Utah Jazz $875 M 3% 9% $146 M $27.5 M
    #21 Denver Nuggets $855 M 0% 0% $140 M $26.3 M
    #22 Detroit Pistons $850 M 5% 22% $154 M $16 M
    #23 Indiana Pacers $840 M 1% 18% $138 M $19 M
    #24 Atlanta Hawks $825 M 0% 30% $142 M $7 M
    #25 Memphis Grizzlies $780 M 4% 22% $147 M $10.3 M
    #26 Charlotte Hornets $750 M 3% 20% $142 M $3.7 M
    #27 Minnesota Timberwolves $720 M 15% 14% $146 M $15.1 M
    #28 Philadelphia 76ers $700 M 0% 21% $124 M $13.9 M
    #29 Milwaukee Bucks $675 M 12% 26% $126 M $11.6 M
    #30 New Orleans Pelicans $650 M 0% 19% $142 M $19.7 M</PRE>
     
    #35 J.R., Jan 20, 2016
  16. Ns575

    Ns575 Member

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    My plan was to buy the Rockets if I won the powerball. Guess I'm settling with a small market NHL team
     
    #36 Ns575, Jan 20, 2016
  17. J Sizzle

    J Sizzle Member

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    Should have bought the Pelicans instead and forced a Terrence Jones + fillers for Anthony Davis trade.
     
    #37 J Sizzle, Jan 20, 2016
  18. REEKO_HTOWN

    REEKO_HTOWN I'm Rich Biiiiaaatch!

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    What a stupid comment.
     
    #38 REEKO_HTOWN, Jan 20, 2016
  19. shastarocket

    shastarocket Member

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    Holy crap, how is our revenue and operating income so much greater than Dallas, Miami, Cavs, etc. ?

    In fact we are 3rd in the league only behind the Knicks and Lakers!

    Tad Brown, you da real MVP
     
    #39 shastarocket, Jan 20, 2016
  20. daywalker02

    daywalker02 Member

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    Insert Les sinister laugh

    Good for the Rockets
     
    #40 daywalker02, Jan 20, 2016
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