Lakers Fans Get Bad News From New Owners’ $30 Billion Push
Investor materials say the franchise could generate nearly $600 million in annual profit by 2037 as the group targets higher ticket and media revenue.
7 Articles
7 Articles
New Lakers owners reportedly telling investors they expect team's value to hit $30 billion within 10 years
A group led by Joshua Kushner and Bob Iger made history by buying the Los Angeles Lakers for a record $12.5 billion last month. That is the highest price anyone has ever paid for a professional sports team, in any sport. That number is small potatoes compared to what Kushner and Iger reportedly think the team could be worth a decade from now. The new Lakers ownership group is telling potential investors the team’s value could reach at least $30 …
Report: Lakers buyers plan to raise single-game ticket prices
Attending a Los Angeles Lakers game could become more expensive under a proposal outlined by the franchise’s prospective buyers. According to The Wall Street Journal, the investor pitch includes reclaiming roughly 6,000 season tickets held by brokers for individual-game sales. Average single-game prices would climb from $217 to $361. The difference is $144, or approximately […]
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