The Lakers have become a poker chip for some of the most powerful men in America
One of the most famous teams in the world is about to change hands for the second time in less than a year for more than $12bn. Will anyone push back?One of the most brutal lessons we must learn as fans is that the team we shed blood, sweat and tears for is seen by those who own it as just one of many assets. That gap has never felt as wide as it does this week. On Wednesday, ESPN reported that the Los Angeles Lakers are set to change hands, for the second time in 10 months, for $12.5bn, a sum that would be a record for any North American sports team. (The deal must be approved by the NBA’s board of governors before it can go through.) The buyers aren’t diehards who saved up every penny like the good Dr Jerry Buss in the 1970s. Those days are gone. If and when the deal is approved, the new
Generated by Pulse AI, Glideslope's proprietary engine for interpreting market sentiment and economic signals. For informational purposes only — not financial advice.