Buss family agrees to sell Lakers
Buss family agrees to sell Lakers
The Buss family is entering into an agreement to sell majority ownership of the Lakers to Mark Walter, who also owns the Dodgers, for a franchise valuation of approximately $10 billion, sources told ESPN.
Also, there goes the TV series. xD
Holyyyyyyyyy sheet!
It's weird but $10B for the Lakers sounds frankly low? If the Grizzlies are worth 3.5B, the Lakers are 10x easy if you're taking the super-long-term ownership perspective. When the NBA finally sells internet games direct to the public, when they get to set ad prices instead of legacy TV folks, as internet media and entertainment and sponsorship and athletics continue to evolve, the future seems very bright in an increasingly global world as the #2 or 3 global sport behind soccer and maybe cricket/F1.
I guess it's one of those things; LeBron is worth way more than he makes relative to other players but due to the structure of income and payments etc. he can't really be paid what he's worth. It makes the league overall stronger, and the wealer teams in the league benefit from income resistribution from the big market workhorses like la, Boston, Miami, etc.
Still..$10B? In 2025? Especially given the tax advantages...
The Celtics just sold for $6.1 billion. Both teams have a comparable legacy, though LA is a much bigger (shared) market. At the time of the sale, the Celtics were the defending champions and favorites to win again with a young set of players. The Lakers are a contender, but would need a bit of luck to get there, and LeBron is on the wrong side of ancient.
Overall, it seems like a fair price in the context.
Yeah, 6 for Celtics seems low to me too for many of the same reasons for the Lakers. The league doesn't exist as it has or will without those two teams, they are farm more valuable than 2x or 3x the Grizzlies, for example.
Reported $10B valuation based on the purchase price.