Entries tagged "Cablevison Systems"
Sometimes it's not how you play the game on the court, but where you play the game that impacts the value of your National Basketball Association franchise -- at least that's the conclusion one could logically make from Forbes' annual ranking of NBA franchises. Take, for example, the New Jersey Nets and New York Knicks, two teams that were each acquired for $300 million. Despite the Cablevison Systems Corp.-owned Knicks lowly record over the last couple of seasons while playing under the glitzy lights of Madison Square Garden in Manhattan, the team is the highest-valued NBA franchise at $613...
