Who Owns The New York Knicks?
James Dolan currently owns the New York Knicks and inherited the team from his father, Charles Dolan. He has been criticized for his stewardship of the franchise; under his ownership, the team has posted only six winning seasons and zero playoff appearances.
Despite the team’s lack of success on the court in recent years, the Knicks are still one of the most valuable franchises in the NBA. The team’s value has been driven by its popularity in the New York City market and its history as one of the NBA’s original teams. The Knicks have a large and loyal fan base, which has helped to keep the team’s value high despite its on-court struggles.
According to Forbes, as of the 2022-2023 season, the New York Knicks are worth $6.1 Billion dollars. This makes them the second most valuable National Basketball Association (NBA) franchise.
About The New York Knicks Franchise
The New York Knicks are a professional basketball team based in New York City. The Knicks compete in the National Basketball Association (NBA) as a member of the Atlantic Division of the Eastern Conference. The team plays its home games at Madison Square Garden, an arena they share with its fellow NBA franchise, the New York Rangers of the National Hockey League (NHL).
They have been a part of the NBA since 1946 and have won two championships, in 1970 and 1973. Some of the franchise’s notable players include Wilis Reed, Patrick Ewing, Bernard King, Walt Frazier, Earl Monroe, Dave DeBusschere, Bill Bradley, and Carmelo Anthony.
Despite these stars, the has had long stretches of futility and mediocrity have also plagued the team. From 2006 to 2013, the Knicks failed to make the playoffs for seven straight seasons (a franchise record), missing the playoffs 12 times in 13 years from 2000–01 to 2012–13. The Knicks have a long-standing rivalry with the Boston Celtics.
The Knicks are one of two NBA teams located in New York City; the other team is the Brooklyn Nets. From 1967 to 1977, they were known as the New York Knickerbockers, often shortened to “Knicks.” The team’s name was derived from the historically significant Dutch settlers of what is now New York State; they were known as “Knickerbockers” because of the style of their trousers.