Meiji: In the past 14 years, 14 teams in the NBA have changed hands, and family businesses have been replaced one after another by huge amount of capital from outside the world

June 19 According to previous reports, the Bass family is about to reach an agreement with Mark Walter, CEO and chairman of TWG Global, to sell most of the Lakers' equity, with a transaction valuation of about $10 billion.

Yahoo reporter Vincent Goodwill wrote an article about the Lakers, who wrote: "The Lakers were once a family business of Bass, so this deal is not surprising to some extent. In the past 10 to 15 years, those NBA teams that have changed hands have long been no longer family businesses of the 'David Stern era', but have been bought one after another by venture capital, private equity funds, and even sovereign wealth funds.

" Just like these institutions invested in the Washington Wizards a few years ago, the team's valuation and operating costs are soaring. Having an NBA team almost requires huge capital support outside of basketball.

"Since the signing of the labor-capital agreement in 2011, 14 teams in the NBA have changed hands, almost half of the entire league. This has laid the foundation for the huge future television contracts and made 'owning an NBA team' a trend and even shrewd investment behavior.

"According to Forbes' November 2023 data, the average valuation of NBA teams is $4.4 billion, and this time the Lakers' $10 billion deal will undoubtedly further increase this number and will create momentum for the upcoming expansion plans. ”