A report by Forbes magazine is claiming that the Sacramento Kings NBA franchise ranks towards the low end of the value range of all the teams in the league. Out of the 30 current basketball organizations, the Maloof-owned Kings are considered to be the 23rd most valuable, with a positive net operating income of just $6.4 million for the 2010-2011 season. The Los Angeles Lakers, by contrast, are considered to be the most valuable team in the league, with an estimated income of over $24 million for the past year.
According to the Sacramento Bee, Kings management does not consider previous Forbes estimates to be accurate, and they did not immediately comment on today’s new findings.
The estimated value of the team as a whole is about $300 million, a 2% bump from last year. The Lakers worth is believed to be in the range of $900 million.
In related news, Comcast is reporting that the television ratings for Kings broadcasts are up 33% from last years average. An estimated 32,967 households tune in to watch the Kings play between the Sacramento/Stockton/Modesto regions. Attendance at Kings home games have been somewhat inconsistent since they sold out their first two appearances at Power Balance Pavilion. When the Kings hosted Indiana last week, over 3,000 seats remained empty.