How does this make you feel?
Mark Walter has acquired a majority stake in the L.A. Lakers for a record valuation of $10 billion, surpassing Steve Ballmer’s $2 billion purchase of the L.A. Clippers eleven years ago. The Buss family, who owned 66 percent of the team since Dr. Jerry Buss bought it for $67.5 million in 1979, will retain governance, with Jeannie Buss continuing as the team’s governor. This sale follows other high valuations in the sports world, suggesting that NFL teams could also exceed $10 billion, especially given the Lakers’ record valuation.
