Knicks Valued Below Lakers Record Deal | Business and Finance News

The Knicks are heating up on the court—and their valuation is heating up too, hitting $11.75 billion according to JPMorgan, just shy of the Lakers’ record-breaking $12.5 billion deal led by Bob Iger and Joshua Kushner. That’s a massive jump from the Lakers’ $10 billion valuation just a year ago, fueled by renewed faith in live sports amid economic uncertainty. The duo nearly launched a new Vegas NBA team before seizing this historic opportunity—now awaiting NBA owner approval in September. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/897665ba9bf64c20