Los Angeles Lakers Sold for Record $10 Billion Valuation

The Los Angeles Lakers have been sold by the Buss family to billionaire Mark Walter for a record-breaking $10 billion, making it the highest valuation for any sports franchise to date and surpassing the Boston Celtics' $6.1 billion sale earlier this year. Despite the change in ownership, Jeanie Buss will remain as team governor, maintaining continuity within the franchise. NBA analyst Ric Bucher suggests that the New York Knicks could potentially be even more valuable if sold, highlighting the unique dynamics of NBA franchise valuations. The Lakers' sale has sparked speculation about other iconic franchises, particularly the Dallas Cowboys, which are valued at over $10 billion, but owner Jerry Jones has shown no current intention to sell. The surge in franchise valuations is attributed to booming media rights deals and the global appeal of these sports brands. Walter's acquisition of the Lakers adds to his sports portfolio, which includes ownership stakes in the Los Angeles Dodgers and involvement with other major sports ventures.