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UofL, UK are the most valuable college basketball teams

The University of Louisville, University of Kentucky, and Indiana University made the top 5 in the latest list from Forbes.
Credit: AP
(Left to right) Louisville Cardinal performs during NCAA college basketball game against North Carolina in the Atlantic Coast Conference tournament (AP Photo/Bob Leverone). The Kentucky mascot performs during the first half of a game against Georgia. (AP Photo/Mark Humphrey)

(LBF) The University of Louisville has the most valuable basketball team in the country, according to a new report from Forbes.

The Cardinals had average revenue of $52 million from the 2014-15 season through 2016-17, according to the report, and profits of $30 million.

The University of Kentucky wasn't far behind, with three-year average revenue of $49.4 million and profits of $22.9 million.

Indiana University was No. 3, with $35.5 million in revenue and $21 million in profit. Rounding out the top five were Duke University and the University of Kansas.

Read more on Louisville Business First.

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