CNBC team valuations has Bulls in 4th with a 5.8B value

[MalagaBulls]

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[Am2626]

With a competent ownership group that didn’t have a small market mindset, the Bulls would be right up there with Golden State.

[League Circles]

This is a laughable attempt for clicks IMO

[HomoSapien]

The Reinsdorfs should cash in and enjoy retirement. Life is too short.

[Coldchi]

This is why we don't move up in the lottery.

[SalmonsSuperfan]

This is a laughable attempt for clicks IMO

https://www.cnbc.com/2025/02/14/methodology-cnbc-official-2025-nba-team-valuations.html

what do you take issue with? seems like a pretty standard methodology. perhaps interesting because it also considers the arena's value, but why shouldn't it? do you think the bulls aren't making money hand over fist?

[League Circles]

This is a laughable attempt for clicks IMO

https://www.cnbc.com/2025/02/14/methodology-cnbc-official-2025-nba-team-valuations.html

what do you take issue with? seems like a pretty standard methodology. perhaps interesting because it also considers the arena's value, but why shouldn't it? do you think the bulls aren't making money hand over fist?

I find it funny because:

1. They use the word "official" lol
2. These are all bespoke assets. They simply cannot be valued by traditional accounting methods. They aren't commodities.
3. These type of articles exist for absolutely no reason other than to give people totally uninvolved (fans) something tangible to point to in debates on forums like this.

The Bulls are absolutely making tons of money.

To me, the more interesting figure would be annual operating profits as a return on initial investment.

[jnrjr79]

This is a laughable attempt for clicks IMO

https://www.cnbc.com/2025/02/14/methodology-cnbc-official-2025-nba-team-valuations.html

what do you take issue with? seems like a pretty standard methodology. perhaps interesting because it also considers the arena's value, but why shouldn't it? do you think the bulls aren't making money hand over fist?

I find it funny because:

1. They use the word "official" lol
2. These are all bespoke assets. They simply cannot be valued by traditional accounting methods. They aren't commodities.
3. These type of articles exist for absolutely no reason other than to give people totally uninvolved (fans) something tangible to point to in debates on forums like this.

The Bulls are absolutely making tons of money.

To me, the more interesting figure would be annual operating profits as a return on initial investment.

Yeah, I think the thing fans would love to see if how profitable the Bulls are and how much luxury tax they would need to pay to become unprofitable in a given year.

[League Circles]

https://www.cnbc.com/2025/02/14/methodology-cnbc-official-2025-nba-team-valuations.html

what do you take issue with? seems like a pretty standard methodology. perhaps interesting because it also considers the arena's value, but why shouldn't it? do you think the bulls aren't making money hand over fist?

I find it funny because:

1. They use the word "official" lol
2. These are all bespoke assets. They simply cannot be valued by traditional accounting methods. They aren't commodities.
3. These type of articles exist for absolutely no reason other than to give people totally uninvolved (fans) something tangible to point to in debates on forums like this.

The Bulls are absolutely making tons of money.

To me, the more interesting figure would be annual operating profits as a return on initial investment.

Yeah, I think the thing fans would love to see if how profitable the Bulls are and how much luxury tax they would need to pay to become unprofitable in a given year.

No idea if it's accurate but a quick search suggests they had 414 mil last year in revenue, of which 140 mil was operating income, so you could probably use that to determine how much LT could be paid. And it looks like it would be a LOT lol. That said, you can't just choose to pay LT, especially not without simultaneously having other substantial impacts on your roster, which may or may not be good even from a competitive standpoint.

[Am2626]

https://www.cnbc.com/2025/02/14/methodology-cnbc-official-2025-nba-team-valuations.html

what do you take issue with? seems like a pretty standard methodology. perhaps interesting because it also considers the arena's value, but why shouldn't it? do you think the bulls aren't making money hand over fist?

I find it funny because:

1. They use the word "official" lol
2. These are all bespoke assets. They simply cannot be valued by traditional accounting methods. They aren't commodities.
3. These type of articles exist for absolutely no reason other than to give people totally uninvolved (fans) something tangible to point to in debates on forums like this.

The Bulls are absolutely making tons of money.

To me, the more interesting figure would be annual operating profits as a return on initial investment.

Yeah, I think the thing fans would love to see if how profitable the Bulls are and how much luxury tax they would need to pay to become unprofitable in a given year.

Paying the luxury tax isn’t just what the Bulls are trying to avoid. By staying under the luxury tax they get to get a share of the money from all of the luxury tax paying teams. This pot gets larger as tax paying teams stay in the luxury tax year after year. It’s that extra money that they get that keeps them from wanting to go in the tax.

https://www.thescore.com/nba/news/513542

[dougthonus]

This is a laughable attempt for clicks IMO

https://www.cnbc.com/2025/02/14/methodology-cnbc-official-2025-nba-team-valuations.html

what do you take issue with? seems like a pretty standard methodology. perhaps interesting because it also considers the arena's value, but why shouldn't it? do you think the bulls aren't making money hand over fist?

I find it funny because:

1. They use the word "official" lol
2. These are all bespoke assets. They simply cannot be valued by traditional accounting methods. They aren't commodities.
3. These type of articles exist for absolutely no reason other than to give people totally uninvolved (fans) something tangible to point to in debates on forums like this.

The Bulls are absolutely making tons of money.

To me, the more interesting figure would be annual operating profits as a return on initial investment.

I mean they have revenue numbers and operating income and make reasonable guesses at valuation. I think those datapoints are very interesting, but I agree the valuations have a ton of SWAG built int, it just depends who is in the market.

You could calculate return on initial investment without all that much extra work if you wanted, but I'm not sure how useful it is, it would just show you how long ago people bought franchises more or less. The Bulls have averaged a 16% increase in franchise value per year since their purchase in 85 if you use the 5.8B value. Toss in profits and you're looking at probably 18-20% annualized growth. Maybe 8B in total?

Either way, I enjoy having the data points available, and am glad someone takes the time to research them and make some educated guesses with a methodology. If it's not your thing that's cool, but there are a billion worthless +/- derivative stats out there or other useless metrics, at least this is unique.

[Guy Rodgers fan]

Years ago I was a guest in the Reinsdorf suite for a fundraiser. Jon Reinsdorf told the story of how his father, Jerry, bought the Bulls.

He was the lead in a syndicate of about a couple dozen investors The purchase price was about $16 million. By that time, Jordan was a rookie and they knew what they had. Before long, they were clearing $90 million a year and distributing the profits to all the owners. That has only increased. The Bulls are a cash cow. The Reinsdorfs don't need to sell to be rich. But they do have to some estate planning for when Jerry passes.

[greenwing]

I’m curious how Golden State has such a high revenue compared to other franchises when they are currently the third most popular team in the NBA behind the Lakers and Bulls.

[Am2626]

I’m curious how Golden State has such a high revenue compared to other franchises when they are currently the third most popular team in the NBA behind the Lakers and Bulls.

Are the Bulls really still that popular? I’m not so sure that is the case anymore.

[Michael Jackson]

I’m curious how Golden State has such a high revenue compared to other franchises when they are currently the third most popular team in the NBA behind the Lakers and Bulls.

Are the Bulls really still that popular? I’m not so sure that is the case anymore.

Globally they are. Hardcore fans they aren't. Much like the Knicks even in the suck years they still are popular.

[prolific passer]

Jordan merch keeping Bulls alive.

[prolific passer]

I’m curious how Golden State has such a high revenue compared to other franchises when they are currently the third most popular team in the NBA behind the Lakers and Bulls.

Are the Bulls really still that popular? I’m not so sure that is the case anymore.

Globally they are. Hardcore fans they aren't. Much like the Knicks even in the suck years they still are popular.

They're still popular to me.