Location, Location, Location: Why the Knicks, as a money-making business, are No. 1

NEW YORK — Madison Square Garden and the Knicks remain businesses blessed by location. Despite their putrid record over the last 20 years, the Knicks are the NBA’s most valuable franchise, listed at a robust $5.42 billion, according to the sports business news website Sportico. The Knicks edged out the Warriors and Lakers, who are both valued at over $5 billion. The Nets were the fourth-most valuable, but significantly lower at $3.4 billion. Peter Schwartz, the Senior Sports Valuations and Legal Reporter at Sportico, spoke to more than three dozen sports bankers, economists, team executives an…

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