The Los Angeles Lakers Boast the Highest Valuation Among All Teams.
The NBA juggernaut, the Los Angeles Lakers, helmed by basketball ace LeBron James, is on the cusp of an earth-shattering change in ownership - for a mind-boggling sum. Reports abuzz suggest that Lakers legend Mark Walter is about to grab the majority of shares from the Buss family, the current owners[1][2]. With this deal, the Lakers are valuated at a staggering $10 billion, positioning them as the costliest sports team in the world[3]. To put things into perspective, just a few months ago, the Boston Celtics were sold for roughly $6 billion[3].
The upcoming buyout might see Jeanie Buss continuing to rule the Lakers' roost as the president. Additionally, the Buss family will hold onto a 15% minority stake for some time[1]. Since 1979, the Buss family has been the Lakers' dominant owners, and during this period, the California-based team has lifted eleven NBA championship trophies.
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Lakers' legend boasts about new boss
Lakers' legend Magic Johnson, who shares business ties with Walter, is incredibly enthusiastic about the impending ownership change. According to him, "Lakers fans should be jubilant!" He went on to reveal that Walter is fuelled by the desire to win, achieve peak performance, and act righteously. Johnson assures fans that Walter will pour the required resources into ensuring the Lakers reign supreme[3].
Walter, a 65-year-old billionaire, is the CEO of a global financial services firm. He also owns the LA Dodgers baseball team from the MLB and boasts a stake in England's Premier League's FC Chelsea. Furthermore, Walter's sports empire includes ownership of the WNBA’s Sparks, a slice of the Billie Jean King Cup tennis tournament, a share in the Cadillac Formula One team, and the Professional Women’s Hockey League (PWHL)[1][2][3][4][5].
The upcoming ownership change of the Los Angeles Lakers, as Lakers' legend Magic Johnson enthusiastically confirms, promises to be fueled by Mark Walter's desire to win, achieve peak performance, and act righteously, as Walter continues to expand his sports empire. In addition to his ownership of the NBA's Lakers, MLB's LA Dodgers, a stake in FC Chelsea from the English Premier League, the WNBA’s Sparks, a share in the Billie Jean King Cup tennis tournament, a portion of the Cadillac Formula One team, and the Professional Women’s Hockey League (PWHL), Walter's acquisition of the Lakers will position the team as the costliest sports team in the world, valued at an astounding $10 billion.
