Top 10 Richest Team Purchases: Lakers Sell for Record $10 billion

The family-owned Los Angeles Lakers are about to be offered at a valuation of $10 billion, smashing the earlier document for the acquisition value for a crew sport.

The cross-country rival Boston Celtics went for $6.1 billion simply three months in the past.

With crew values hovering, there have been quite a few notable franchise transactions lately:

Los Angeles Lakers

The Lakers have been within the Buss household since 1979, however Jeanie Buss has agreed to promote the NBA’s most precious franchise to L.A. Dodgers proprietor Mark Walter.

Boston Celtics

The Celtics, who gained their document 18th NBA championship final yr, went for $6.1 billion in March to non-public fairness mogul Invoice Chisholm.

Josh Harris, who with David Blitzer owns the NBA’s Philadelphia 76ers and NHL’s New Jersey Devils, added to his sports activities portfolio in 2023 by buying the Commanders for a then-record $6.05 billion.

Chelsea

The English Premier League crew went to a consortium fronted by Dodgers half proprietor Todd Boehly that additionally contains Walter in 2022 for $3.2 billion. One other $2.2 billion was pledged for infrastructure and related groups.

The Walton-Penner possession group led by Walmart inheritor Rob Walton purchased the NFL crew in 2022 for $4.65 billion.

Phoenix Suns

Mortgage government Mat Ishbia bought the crew for a then-NBA document $4 billion in 2022.

Dallas Mavericks

Mark Cuban offered the NBA franchise in 2023 for $3.5 billion to the Adelson household, which owns the Las Vegas Sands on line casino firm.

Michael Jordan agreed to promote his majority share within the NBA’s Hornets in 2023 for $3 billion to Rick Schnall and Gabe Plotkin. Schnall had a minority possession within the NBA’s Atlanta Hawks and Plotkin within the Hornets.

New York Mets

Steve Cohen accomplished one of many richest purchases of an MLB crew in latest reminiscence, buying the Mets for $2.4 billion in 2020. It marked a monumental shift for the Queens-based New York franchise as that they had been below the management of the disgraced Wilpon household.

Brooklyn Nets

Joe Tsai bought the Brooklyn Nets for roughly $2.5 billion in 2019. He paid a complete of $3 billion, however that included buying the Barclays Middle within the deal. He purchased the crew from earlier proprietor Mikhail Prokorov.

The Related Press contributed to this report.

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