kodo wrote:winning basketball games does not have strong correlation with revenue performance. Hell, last season the Bulls were 2nd in attendance, if we needed any more proof than that.
it does, actually (just not as much as market size). particularly in the long-term. see the golden state warriors being valued at 4.3 bil vs the bulls at 3.2 bil. and that's DESPITE the bulls brand. see the celtics being valued about the same as the bulls despite being in a significantly smaller market. because their brand is winning. see the spurs being middle-of-the-pack in valuation despite being in one of the smallest markets. team value per TV viewer in metro area (forbes/nielson, in dollars) :
there's definitely some correlation with winning there. note also the revenue sharing/national audience that makes small market teams more valuable relative to their market size