HaroldShipmanAg said:
NBA subsidizes the WNBA to a tune of 35 million a year, their valuation is complete garbage.
There is a reason all the stories about franchise value talk about what great revenue the teams have and don't even try to estimate profit. Because so much of the expenses are carried by the NBA team and their facilities, staff, etc. are subsidized by the NBA teams that also own the WNBA franchises, the actual profitability is negative for most teams. But for an NBA owner who also owns a WNBA franchise, he already owns the arena, so if he can put 22 more regular season games worth of butts in the seats for which he gets to keep all the concessions and gate instead of splitting with some other concert or event promoter, it is worth it.