**LOS ANGELES** – In a groundbreaking deal that could reshape the sports investment landscape, NBA powerhouse Los Angeles Lakers is reportedly set to be sold for a staggering $10 billion, fetching a record price for any North American sports franchise.
Business insiders suggest the leading bidder is Mark Walter, the billionaire co-founder of investment firm Guggenheim Partners. Walter would take ownership of the Lakers through a new consortium, including several high-profile investors. The sale is expected to complete during the current NBA offseason, pending league approval and financial due diligence.
* Valuation Surge: If finalized, the $10 billion valuation will outstrip every previous sports franchise sale by a considerable margin—underscoring the rising financial value of elite sports teams in media and branding-rich markets like Los Angeles.
* Ownership Stability: Under Walter’s potential leadership, the Lakers are likely to benefit from increased capital investment in infrastructure, youth development, and technology-driven fan engagement.
* League Precedent: This transaction may spark similar bids for other franchises, as private equity and finance magnates increasingly view sports teams as long-term, high-return assets.
The Lakers, known for their history of NBA championships and global fan base, represent more than just a basketball team—they’re a cultural brand. A sale of this scale would signal the full integration of sports teams into the high-stakes world of billion-dollar investments.
_This story has been reported by PakTribune. All rights reserved._