Los Angeles Lakers Reportedly Valued at $12 Billion in Record Sale
The Los Angeles Lakers are reportedly being sold for $12 billion, setting a new North American record for a sports franchise, according to USA Today.
Los Angeles, CA, August 12, 2026 —
The Los Angeles Lakers, one of the most storied franchises in the National Basketball Association (NBA), are reportedly on the verge of being sold for an unprecedented $12 billion. This valuation, if finalized, would establish a new North American record for a sports franchise, according to a report by USA Today.
The exact details surrounding the potential sale, including the identity of the prospective buyers and the specific terms of the agreement, have not been fully disclosed. The sale price of $12 billion significantly surpasses previous benchmarks for sports team valuations in North America, highlighting the immense commercial value associated with the Lakers brand.
The Los Angeles Lakers boast a rich history, with 17 NBA championships, tied with the Boston Celtics for the most in league history. The team has been home to numerous legendary players, including Magic Johnson, Kareem Abdul-Jabbar, Kobe Bryant, and LeBron James, contributing to its global recognition and appeal.
The team has been owned by the Buss family since 1979, when Dr. Jerry Buss purchased the franchise. Since Dr. Buss’s passing, his daughter Jeanie Buss has served as the controlling owner.
A sale at this reported figure would reflect not only the team’s on-court success and historical significance but also its substantial market value in Los Angeles, one of the largest media markets in the world. The NBA’s Finance Committee and Board of Governors would typically need to approve any sale of a franchise.
Further details regarding the transaction are expected to emerge as the reported sale progresses.
Story summarized from the original created by Google News on news.google.com, see more information here.
