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Lakers in the biggest deal in sports history: billionaire takes over!
Mark Walter buys majority stake in Los Angeles Lakers for $10 billion. What does this record sale mean for the NBA?
Lakers in the biggest deal in sports history: billionaire takes over!
The Los Angeles Lakers are facing an exciting chapter in their history: a billion-dollar change of ownership is imminent. Billionaire Mark Walter has decided to buy the majority of shares from the Buss family. This decision is considered the largest transaction for the sale of a professional sports franchise in the world, and the Lakers' value is estimated at an impressive ten billion US dollars (approximately 8.7 billion euros). Radio Ennepe Ruhr reports that ...
What makes the Lakers so special? Across all sports, they are the most valuable team in the world. Even in the NBA, there are only a handful of teams that can come close to those ratings. In March 2023, league rivals Boston Celtics were sold for almost six billion US dollars - clear evidence of the astronomical value potential in the American sports landscape.
The Buss family and their legacy
The Buss family, which has led the Lakers since 1979, will retain 15 percent of the shares. Under her leadership, the Lakers won an impressive eleven NBA championships. President Jeanie Buss remains at the helm of the team. Lakers legend Magic Johnson has also spoken positively about the upcoming ownership change, which has not only made the fan base but also the NBA community sit up and take notice.
Mark Walter, the new majority owner, is an experienced entrepreneur. At 65, he has already made a name for himself in the sports world, including owning the Los Angeles Dodgers baseball team, with whom he won two World Series. He also holds shares in Chelsea FC and is also active in the Professional Women's Hockey League. Clutch Points highlights that...
A look at the NBA's finances
In 2024, the NBA reached a record $13 billion in revenue and is expected to see a double-digit increase in revenue next season. No NBA team today would sell for less than $3 billion, highlighting the importance of a team like the Lakers. A recent estimate puts their franchise value at $6.9 billion, putting them behind the Golden State Warriors and New York Knicks. NBA Net Worth reports that…
The Lakers not only have financial strength, but also a large following and a myth that makes them one of the most famous teams in the world. With Mark Walter at the helm, this myth could grow even further as the Buss family continues to contribute to the team's tradition and legacy.
In summary, one could say that the Lakers are not just a team, but an institution in sports. With the changes coming, there are exciting times ahead that have both fans and investors anticipating a new level of fervor.