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Sales Prices for Sports Teams Are Soaring to Record Levels. Here’s Why, and What that Means for Fans | News Channel 3-12
LOS ANGELES COUNTY, CALIFORNIA, JUN 20 – The Buss family ends 47 years of control as Mark Walter buys majority stake in the Lakers, setting a new record with a $10 billion valuation, the highest in sports history.
- The Buss family agreed in 2025 to sell a controlling stake in the Los Angeles Lakers to billionaire Mark Walter for $10 billion, a record in pro sports.
- Jerry Buss bought and built the Lakers into a global brand starting in 1979, shaping a unique image and winning 10 NBA titles before his death in 2013.
- Jeanie Buss led the franchise to a 2020 NBA title, managed internal struggles, and improved team competitiveness by acquiring stars like LeBron James and Anthony Davis.
- Experts attribute rising team valuations to new investments, legalized sports gaming since 2018, and lucrative media rights, with sales prices consistently exceeding prior values.
- The sale ends the Buss family's 44-year ownership but retains them as minority owners, signaling a major change that may impact the Lakers' corporate structure and future success.
42 Articles
42 Articles
The Los Angeles Lakers are becoming the world's most valuable team. The end of the Buss family era is also a turning point: more and more calculated investors are taking power in sports.
By Chris Isidore and Matt Egan, CNN The Los Angeles Lakers may not have as many NBA titles as the Boston Celtics, but the Lakers surpassed their archrival with a record franchise price of $10 billion this week, just three months after the Celtics held the honor of the highest sale price for a professional sports team at $6 billion. But that record might not last long. The NFL's New York Giants are in the process of selling a 10% stake, which cou…
In three years, the price of the most expensive sports club ever has more than doubled. The record sale of the NBA club Los Angeles Lakers shows that time has run out for family-run clubs. And soon, so will the rich.
Prices for sports teams are soaring to record levels. Here's why, and what that means for fans
The decision to sell a controlling stake in the Lakers marks the end of nearly a half-century when one of the most valuable properties in sports was run by the Buss family.
Sales prices for sports teams are soaring to record. Here’s why, and what that means for fans
The Los Angeles Lakers topped their archrival the Boston Celtics with a record-setting $10 billion franchise price tag this week — just three months after the Celtics held the honor for the highest sale price for a professional sports team at $6 billion. The record may not last long.
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