NBA New York Knicks Logo

Description: New York Knickerbockers plays in the National Basketball Association (NBA). According to Forbes Magazine, the Knicks are the most valuable basketball franchise in the United States, valued at approximately $608 million. At one point, the Knicks were owned by Gulf+Western, which was renamed to Paramount Communications in 1989, and sold to... ( +expand to view full text )

Description: New York Knickerbockers plays in the National Basketball Association (NBA). According to Forbes Magazine, the Knicks are the most valuable basketball franchise in the United States, valued at approximately $608 million. At one point, the Knicks were owned by Gulf+Western, which was renamed to Paramount Communications in 1989, and sold to Viacom in 1994. Viacom then sold the team to ITT Corporation and Cablevision, and in 1997, ITT sold their share of the team to Cablevision, who still owns the team today.