(The Center Square) – The Milwaukee Bucks are estimated to be valued at $4.1 billion, ranking 19th in the National Basketball Association, according to new estimates from CNBC.
That falls just below the average $4.6 billion team valuation, according to Sportico. Sportico estimated the Bucks’ value at $3.91 billion in December.
Both media groups post annual valuations of major professional sports team values.
Jimmy and Dee Haslam purchased a controlling stake in the franchise for $3.2 billion in 2023 from Marc Lasry.
The Haslams also own the Cleveland Browns, which are currently asking for $1.2 billion in public funding to build a new stadium in Brook Park, outside of Cleveland.
The Bucks’ valuation has risen from $3.2 billion in 2023.
The team had an estimated loss of $14 million in 2024.
The team relied on public funding for much of the cost to build Fiserv Forum, with the arena district paying $203 million of the $524.1 million cost of construction for the building, which opened on Sept. 4, 2018.
While the Bucks pay for ongoing maintenance and improvements at the arena, the arena bonds continue to be paid through three stadium district taxes – 3% basic room tax, a 0.5% food and beverage tax and a 3% car rental tax – along with a 7% city of Milwaukee room tax.