NEWSLETTER
Wednesday, August 6, 2025
  • Login
No Result
View All Result
JOURNOS NEWS
28 °c
Columbus
24 ° Wed
23 ° Thu
  • Home
  • World News
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
  • Lifestyle
  • Science
  • Health
  • Home
  • World News
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
  • Lifestyle
  • Science
  • Health
28 °c
Columbus
24 ° Wed
23 ° Thu
No Result
View All Result
JOURNOS NEWS
No Result
View All Result
Home Sports NBA

The $10 Billion Lakers Deal Just Changed the Game for Sports Franchise Sales

Lakers Shatter Records with $10B Sale — Here’s How It Stacks Up Across Sports

by The Daily Desk
June 19, 2025
in NBA, Sports, Sports News
0
How the Lakers’ $10 Billion Sale Rewrites the Playbook on Sports Valuations - Allen J. Schaben/Los Angeles Times via Getty Images

Breaking Down the Biggest Franchise Sales in U.S. Sports History - Allen J. Schaben/Los Angeles Times via Getty Images

The Lakers Just Sold for $10 Billion — Here’s How That Stacks Up Against Other Big-Money Sports Deals

The Los Angeles Lakers just set a jaw-dropping new standard in sports franchise sales: $10 billion.

That’s the valuation in a record-shattering deal announced Wednesday, as the Buss family agreed to sell controlling ownership of the legendary NBA team to billionaire investor Mark Walter — best known as the controlling owner of the Los Angeles Dodgers. It marks the largest sale of a sports franchise in history, not just in the U.S., but globally.

More RelatedPosts

Veteran Racer Dies During Speed Record Attempt at Bonneville Salt Flats

Lando Norris Wins Tense Hungarian Grand Prix

Sha’Carri Richardson Arrested in Washington on Misdemeanor Domestic Violence Charge

Léon Marchand breaks 200m medley world record at World Aquatics Championships

Load More

To put that in perspective, Jerry Buss bought the Lakers in 1979 for just $67.5 million, a package deal that also included the NHL’s Los Angeles Kings and the Forum. After his death in 2013, control of the team passed to his children, with Jeanie Buss serving as team governor. Even with this historic sale, Jeanie is expected to stay on in that role.

A New Benchmark for Sports Franchise Sales

The Lakers’ $10 billion price tag easily leapfrogs every other sports sale on record — here’s how the competition compares across leagues:

NBA: The High-Flyers

Before this week, the Boston Celtics held the record for the most expensive NBA team sale — $6.1 billion, purchased by a group led by Bill Chisholm earlier this year. That narrowly edged out the $6.05 billion paid by Josh Harris’ group for the NFL’s Washington Commanders.

Other massive NBA deals include:

  • Phoenix Suns: $4 billion (Mat Ishbia, 2023)
  • Dallas Mavericks: $3.5 billion (Adelson and Dumont families)
  • Brooklyn Nets: $3.3 billion (Joseph Tsai)

With the Lakers now in a class of their own, the NBA officially boasts the most expensive franchise in North American sports history.

NFL: Still a Heavyweight, But Outpaced

The Washington Commanders had held the North American record until recently with their $6.05 billion sale in 2023. That deal ended Dan Snyder’s tumultuous tenure as owner.

Other top NFL sales:

  • Denver Broncos: $4.65 billion (Walton-Penner group, 2022)
  • Carolina Panthers: $2.275 billion (David Tepper, 2018)

Fun fact: Pat Bowlen bought the Broncos for just $70 million in 1984. His heirs sold the team nearly 40 years later for more than 66 times that.

MLB: Still Swinging Big

While not quite at NBA or NFL levels, Major League Baseball has seen its share of billion-dollar deals.

  • New York Mets: $2.4 billion (Steve Cohen, 2020)
  • Los Angeles Dodgers: $2 billion (Mark Walter & Guggenheim, 2012)
  • Miami Marlins: $1.3 billion (Bruce Sherman, 2018)
  • Kansas City Royals: $1 billion (John Sherman, 2020)
  • Baltimore Orioles: $1.725 billion (David Rubenstein, 2024)

The Mets sale was especially notable — not just for the price tag, but for how dramatically Cohen revamped the team, taking the payroll from $195 million in 2021 to over $300 million in 2025. That included a blockbuster signing of Juan Soto after prying him away from the Yankees.

Meanwhile, the Tampa Bay Rays are reportedly in advanced talks for a $1.7 billion sale, which would put them near the top of MLB’s all-time sales list.

NHL: Gaining Ground with Billion-Dollar Sales

Yes, even hockey is getting in on the action. The Tampa Bay Lightning set a new NHL record in 2024 when they sold for $1.8 billion to a group led by Doug Ostrover and Marc Lipschultz of Blue Owl Capital. Although current owner Jeff Vinik will retain operational control for now, full ownership will transfer in three years.

Other notable NHL sales:

  • Ottawa Senators: $950 million (Michael Andlauer, 2023)
  • Utah Hockey Club (formerly Arizona Coyotes): $1.2 billion (Ryan Smith, 2024)

Ryan Smith, who also owns the NBA’s Utah Jazz, moved the struggling Coyotes to Salt Lake City, rebranding them as the Utah Hockey Club for the 2024–25 season.

Expansion costs are also rising fast in the NHL. Compare this:

  • 1998–2000: Nashville, Atlanta, Columbus, and Minnesota each paid $80 million to join.
  • 2016: Las Vegas Golden Knights joined for $500 million.
  • 2018: Seattle Kraken entered the league for a whopping $650 million.

The Big Picture

The Lakers’ $10 billion sale isn’t just a new high — it’s a seismic shift in the valuation of sports franchises. As media rights balloon, streaming becomes the norm, and global markets open up, elite sports teams are evolving into mega-investments.

But whether you’re a diehard fan or a business analyst, one thing’s clear: owning a professional sports team isn’t just about prestige anymore — it’s about serious money.

And the Lakers just raised the bar for everyone.

Source: Yahoo Sports – How the Los Angeles Lakers’ $10 billion sale compares to the price tags of other North American sports franchises

The Daily Desk

The Daily Desk

J News is a freelance editor and contributor at The Daily Desk, focusing on politics, media, and the shifting dynamics of public discourse. With a decade of experience in digital journalism, Jordan brings clarity and precision to every story.

Related Posts

Tragedy at Bonneville: Driver Dies After Losing Control During Land Speed Record Run - AP Photo/Rick Bowmer, File
Driver Highlights

Veteran Racer Dies During Speed Record Attempt at Bonneville Salt Flats

August 5, 2025
Hungarian Grand Prix: Norris Triumphs Over Piastri in McLaren’s 200th F1 Win - AP Photo/Denes Erdos
Driver Highlights

Lando Norris Wins Tense Hungarian Grand Prix

August 4, 2025
Sha’Carri Richardson Detained After Airport Incident Involving Christian Coleman - AP Photo/AShley Landis
Player Suspensions & Scandals

Sha’Carri Richardson Arrested in Washington on Misdemeanor Domestic Violence Charge

August 3, 2025
Léon Marchand Sets New 200m IM World Record, Beats Lochte’s 2011 Mark by 1.3 Seconds - Hollie Adams/Reuters
Sports

Léon Marchand breaks 200m medley world record at World Aquatics Championships

July 30, 2025
Pogačar Claims Fourth Tour de France, Just One Win Shy of Record-Holders - Anne-Christine Poujoulat/AFP/Getty Images
Cycling

Tadej Pogačar wins fourth Tour de France, cements place among cycling legends

July 29, 2025
Bubba Wallace Wins Brickyard 400, Secures NASCAR Playoff Spot - AP Photo/ Darron Cumming
Driver Highlights

Bubba Wallace Makes History with Victory on Indianapolis Oval

July 28, 2025
Ichiro’s Hall of Fame Induction Speech Honors Fans, Teammates, and the Game Itself - Dean Rutz / The Seattle Times
MLB

Ichiro’s Hall of Fame Speech Blends Humor, Gratitude, and Lifelong Dedication

July 28, 2025
England Wins Women’s Euro 2025 on Penalties, Defeats Spain in Basel Final - Alexander Hassenstein/Getty Images
Football (Soccer)

England wins Women’s Euro 2025 after penalty shootout thriller against Spain

July 28, 2025
Oscar Piastri Wins Rain-Delayed Belgian Grand Prix to Extend F1 Title Lead - Yves Herman, Pool Photo via AP
Driver Highlights

Oscar Piastri Wins Rain-Delayed Belgian Grand Prix Ahead of McLaren Teammate Lando Norris

July 28, 2025
Load More
Next Post
Trump Considers Bombing Iran’s Nuclear Sites, But Hesitates on War - Alex Brandon/AP

Trump Weighs Iran Strike While Aiming to Avoid Full-Scale War

Wrong Turn Lands Elderly Man on Rome’s Iconic Spanish Steps - Vigili del Fuoco

Elderly Driver Gets Stuck on Rome’s Spanish Steps After Wrong Turn

Sam Altman Calls Out Meta for Eye-Popping Offers to His Team - Justin Sullivan/Getty Images

Meta Is Trying to Lure OpenAI Talent with $100 Million Signing Bonuses

Israel to U.S.: Iran’s Nuclear Threat Isn’t Just About Uranium - Ken Cedeno/Reuters

Israeli Envoy: Ballistic Missiles Must Be Targeted Alongside Iran’s Nuclear Program

Carolyn Bessette-Kennedy’s Legacy: More Than a Hair Color or Coat - From Ryan Murphy Productions

Why Fashion Lovers Are Furious Over Carolyn Bessette-Kennedy’s TV Look

Popular News

  • Retired Doctor, 114, Now Recognized as Japan’s Oldest Living Citizen - Kyodo News via AP

    Japan’s Oldest Living Person Is a 114-Year-Old Doctor and Olympic Torchbearer

    0 shares
    Share 0 Tweet 0
  • $30,000 headphone system fails to deliver consensus among expert engineers

    0 shares
    Share 0 Tweet 0
  • Why Cassette Tapes Are Back in 2025

    0 shares
    Share 0 Tweet 0
  • Veteran Racer Dies During Speed Record Attempt at Bonneville Salt Flats

    0 shares
    Share 0 Tweet 0
  • Tesla Awards Elon Musk $29 Billion in Stock Amid Profit Drop

    0 shares
    Share 0 Tweet 0

Recommended

Traverse City Walmart Attack: FBI Joins Investigation as 11 Hospitalized - Jerome Hartl/Fox News

11 Injured in Michigan Walmart Stabbing, Suspect in Custody

1 week ago
Eric Adams Faces Backlash After Switching to Independent for Reelection - AP Photo/Joseph Frederick

Mayor Eric Adams Ditches Democratic Primary, Runs as Independent

4 months ago

Connect with us

  • About Us
  • Contact Us
  • Cookie Settings
  • Privacy Policy
  • Terms and Conditions
  • Support Press Freedom
  • Accessibility Statement
  • Advertising
  • Online Shopping
Breaking News That Keeps You Ahead.

Copyright © 2024 JournosNews.com All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • World News
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
  • Lifestyle
  • Science
  • Health

Copyright © 2024 JournosNews.com All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.