US EditionSales Prices for Sports Teams Are Soaring to Record Levels. Here’s Why, and What that Means for Fans | News Channel 3-12
- The Buss family agreed to sell a controlling interest in the Los Angeles Lakers to billionaire Mark Walter in June 2025 for a record $10 billion valuation.
- This sale follows decades of Lakers history under Jerry Buss, who bought the team in 1979 and built it into a globally recognized franchise blending sports and entertainment.
- The sports industry’s growth, including legalized sports gaming since 2018 and new media rights, has increased franchise valuations, attracting significant investment from wealthy owners like Walter.
- Experts note that while higher payrolls can improve regular season performance, they only predict about 30% of a team’s success, and fans care more about wins than owner net worth.
- The sale signals the end of the Buss family’s 44-year ownership era and suggests sports franchise values will continue rising amid new investments and growing media engagement.
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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.
·Copenhagen, Denmark
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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.
·Los Angeles, United States
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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.
·Atlanta, United States
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Coverage Details
Total News Sources30
Leaning Left7Leaning Right4Center13Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 29%
C 54%
R 17%
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