The National Basketball Association is a newer league in the world but has grown to become a serious star in a relatively short period. As of post-war 1946 in America, the NBA is currently the third-highest sport in the world.
Unlike the NFL, basketball is extremely popular around the world, and as such, the NBA generates a lot of profits and interest from people outside of the United States. This popularity adds to the wealth of the tournament in general. Besides, the provision of huge television services at the national and local levels helps teams generate a lot of income.
Forbes found that in 2019, for the first time, all NBA franchises in the tournament were worth more than $ 1 billion – with the most valuable team, the New York Knicks, valued at around $ 3.6 billion. la. Dollar! Unlike other leagues on this list, The NBA has seen an increase in ticket sales for the stadium live matches.
The number of visitors has skyrocketed and continues to break records for number of visitors. Culturally, it has become more common for celebrities to support their favorite team, potentially increasing the desire for those wanting to leave.
The National Hockey League (NHL) is the only tournament to be established in Canada but competes on both sides of the border. Due to its dual popularity in both Canada and the US, the TV rights can be equally divided between the two countries, increasing the revenue for the tournament.
While none of the league’s teams make it onto Forbes’ top 50 sports brands list, the tournament is famous for the television contracts they’ve earned over the years, its traditional origins of it and the places it’s ubiquitous – North America and North America – Nordic is incredibly lucrative, where there’s a huge amount of disposable income for fans willing to pump it into the sport.
Despite being ranked in the top 5 richest leagues in the world, the sport itself doesn’t even make it into the top 10 most popular sports in the world!