clock menu more-arrow no yes

Filed under:

Forbes Lists the Sixers as the 25th Most Valuable NBA Franchise

New, comments

Joshua Harris made a pretty good investment.

Philadelphia 76ers v Boston Celtics Photo by Maddie Meyer/Getty Images

Forbes released their annual evaluations of how much each NBA franchise is worth today, as they list the 76ers as the 25th most-valuable team in the league. With revenue at approximately $140 million and and a current value of approximately $800 million, the Sixers lag behind the majority of their fellow teams. After league-wide revenues began booming following the NBA’s latest TV contracts, Sixers owner Joshua Harris and co. are looking at a fairly smart investment after buying the team for $280 million back in 2011.

This low ranking form Forbes has a lot to do with the fact that the Sixers don’t currently own their own arena. They’re tenants of Comcast Spectator at the Wells Fargo Center and will continue to be through 2029. The team’s valuation is likely to remain low over the next 12 years due to that, regardless of how much the team improves its on-the-court product.

As the Sixers’ lease expires, I’m sure we’ll be treated to dozens of rumors about whether the team plans to construct its own arena in downtown Center City, at an adjacent spot at the South Philadelphia Sports Complex, or over the Delaware River in Camden, as well whether said arena will receive public funding.