Marc Daniels: Forget Tanking, Maybe The Magic Need A New Owner
By Marc Daniels, Scott Harris Jan 21, 2021 Cleveland Cavaliers v Orlando Magic Sports business website Sportico recently published their NBA Valuations and the Orlando Magic were 26th in their numbers. Sportico says the Magic are valued at $1.53B. The Knicks are valued at $5.42B, number one on the list. In 1991, Rich DeVos paid $85 million when he bought the team. On the market, the Magic might fetch over $2B. A team is worth whatever someone is willing to pay. When NBA Commissioner Adam Silver was asked about expansion and how much a new franchise would be worth, Silver said the $2.5B fig...
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