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Most valuable sports team in the world

Chris_from_Sidcup
Chris_from_Sidcup Posts: 35,987
in Other Football and Sports
"Mark Walter is entering into an agreement to purchase majority ownership of the LA Lakers from the Buss family for a valuation of approximately $10 billion, the largest sale of a professional sports team in the world.

Walter, the CEO and chairman of diversified holding company TWG Global, is also the owner of current MLB World Series Champions LA Dodgers, owns 12% of BlueCo the holding company that controls Chelsea and Strasbourg, and through TWG Motorsports, Walter also owns several auto racing teams, including Cadillac Formula 1 who will enter racing in 2026"

$10 billion!!!

Comments

  • MrOneLung
    MrOneLung Posts: 26,827
    The average revenue is 377m and imagine the Lakers are higher than average. 

    Also the scarcity as only 30 teams and no relegation. 
  • DamoNorthStand
    DamoNorthStand Posts: 10,933
    A lot of money.

    Most valuations / estimates of sports franchises and teams worldwide usually pegs the Dallas Cowboys as being right up there as well. 
  • Chris_from_Sidcup
    Chris_from_Sidcup Posts: 35,987
    The reason for this deal is because money in the NBA is about to skyrocket.

    The NBA is starting an 11 year tv deal worth $77 billion for the 25-26 season. 
  • MrOneLung
    MrOneLung Posts: 26,827



    This was the 2024 Forbes list 
  • EugenesAxe
    EugenesAxe Posts: 3,281
    Nah not having that, it’s Wrexham surely 
  • cafcnick1992
    cafcnick1992 Posts: 7,413
    - No relegation
    - Deliberately limiting the number of teams so the ticket prices can be jacked up
    - Over 50% of the teams making the post-season
    - Commercials every 5 minutes.

    That's why they are so valuable.
  • Chizz
    Chizz Posts: 28,329
    2024-25 EBITDA for the Lakers was $199m. So he should start to see a return by 2075 or thereabouts 

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