Lakers Ownership Group Aims for $30 Billion Valuation
Investors are being pitched a vision of significant revenue growth over the next decade.
Business & Markets • 3 hours ago
A group of investors, including prominent figures like Bob Iger and Joshua Kushner, is reportedly aiming to achieve a $30 billion valuation for the Los Angeles Lakers. In a pitch to potential investors, the group outlined plans that project the team's revenue to more than double, reaching at least $1.6 billion within the next ten years. This ambitious target suggests a significant shift in how the storied basketball franchise is expected to perform financially under new leadership and strategic initiatives.