Private Equity Bets Big on Pro Sports as Lakers Sale Signals a Boom in Team Ownership
TL;DR
Private equity investment in professional sports is rising as stable media rights and arena-related revenues attract investors. The Lakers’ sale to Thrive Capital’s Joshua Kushner and Bob Iger exemplifies a growing trend where PE firms pursue long-horizon, high-value stakes, with large portions of sports M&A driven by private-equity activity—despite higher valuations and ongoing governance considerations.
- Why have private equity firms taken an interest in buying professional sports teams? Los Angeles Times
- Lakers minority owner Dr. Patrick Soon-Shiong not selling 4% stake ESPN
- Fans feeling uneasy about new Lakers ownership group Yahoo Sports
- The Los Angeles Lakers sold for $12.5 billion. Here’s what every NBA team is now worth CNBC
- How could the Buss family saga surrounding the Lakers sale play out? Legal experts weigh in The New York Times
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