They are making so much due to the government just printing money and giving it to them.

Privatize the profits and socialize the losses. Too big to fail tho.

See folks if you just save up 10s of thousands of workers wages you too could own a sports team

They’re not toys. They’re incredibly appreciating ASSETS. There’s trillions and trillions of money sloshing around with nothing to do with. A Da Vinci painting went for almost $500 million. The global money supply has EXPLODED the last 20 years and will continue to do so.

What’s not being discussed enough is the obvious corruption behind this sale. Crazy seeing articles about how people around the NBA are “stunned” about the sale when it’s clear what’s really going on if you’ve been paying attention the last 10 years of Trump corruption.

There’s basically only 2 possible things going on:

1. Walter was legitimately being investigated by DOJ and actually did commit crimes and sold the team to a Trump family member in exchange for a pardon/charges being dropped eventually
2. The investigation itself was orchestrated by Trump’s personal attorney pretending to be attorney general Todd Blanche and/or Kash Patel

Either way I guarantee you that the investigation ends up magically going away in future. If that happens I expect the Lakers to become embroiled in an inevitable probe by the next administration over what happened behind the scenes because this is suspicious as hell.

Edit: it looks like some media outlets are already asking questions

This would explain Walter’s embarrassing performance at the White House with the Dodgers

“Remember last month when Walter embarrassingly groveled at Trump’s feet during the Dodgers visit to the White House, even giving the president a championship ring? It feels like the Lakers sale to a group co-led by Kushner is an outgrowth of that pandering.”

Youll feel it trickle down any moment now, I promise.

While regular people sleepwalk their way into oblivion or are consumed by dumb culture war bullshit as the billionaires intended.

Let’s bring back tar and feathering.

Wild hearing NBA talking heads spinning how great and powerful private equity and the AI bubble has become to allow these sky high team evaluations

Pardons are going for 1 million and dropped investigations go for about 100k with Trump.

So that’s not a drop in the bucket of the sale price.

Both purchases (Walter originally and now Iger/Kushner) made using Middle Eastern money btw, Walter just didn’t have the Trump connections like Josh Kushner, hence the shakedown.

And then there was this announcement two days ago - Treasury ends ownership reporting rules for U.S. companies - The Washington Post

I’m so curious to see if this happens.

• Kushner wants an NBA team
• Walter has a famous NBA team
• Whitehouse has DOJ investigate Walter for loans
• Now Walter needs cash to pay down those loans
• Kushner offers cash to Walter for NBA team
• Walter sells NBA team to Kushner

On it’s own, I might’ve thought it a coincidence. But with how many shady and illegal things this admin has done, it’s sus as fuck.

Lakers on an open market with a bidding war probably could have gone for 15B. Walters probably didn’t have the time to go that route. Both 10B and 12.5B were private and direct.

Franchises have to be worth it. Lakers have a global brand. Charlotte Bobcats probably werent worth much and never increased with their lack of success.

Market price is what someone is willing to pay for it. The lakers are one of one in basketball. Just like the Yankees in baseball some teams with the history, global reach, and location are incomparable to the rest.

that could happen, but folks were probably thinking similar things in the summer of 1929.

There’s already a hypothesis out there that these prices are so high it reduces the pool of potential owners to the point of excluding a lot of folks who’d actually do a good job. Hell, you could argue Walter buying the lakers was him overleveraging himself/not allowing any rainy day wiggleroom

We are not in the 80s anymore, brother

Billion

Idk it might be somewhere in this post if we read it

Man I would have bought the Lakers if I knew I could flip it for $2billion in 14 months.

Yeah but that’s almost every franchise sale. These things almost never are 100% owned by one individual and they’re always determining a valuation based off whatever share gets sold for what

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Bill Simmons scrambling on the pod as we speak to pump the C’s valuation.

Why do we keep bringing up Adam Silver in these conversations? He doesn’t control it. The owners do. An owner decides when and who he wants to sell his franchise to, then the rest of the owners vote on whether they approve of the sale or not. His entire job is specifically to act on the will of the owners. He has nearly zero power over these sales

The enshitification of the NBA begins. 75 years or so was a good run

It is a bit late for the warning. A third of the teams already have private equity firms in ownership groups. And the majority of team governors are private equity managers or CEOs

Sports franchises are absolutely “businesses.”

I forgot we’re supposed to give a guy averages ¹⁰⁄₁₁ a max contract

They’ve been resetting their salary table for a year and a half so they aren’t a repeater team going into the new CBA.

Probably after they get their own arena. Can’t imagine they’ll do it before that.

Lakers don’t own their arena. 

The Lakers don’t own their arena, it’s owned by AEG.

AEG does have a minority stake in the Lakers, but buying shares in the Lakers doesn’t get you any share of Crypto

https://en.wikipedia.org/wiki/Crypto.com_Arena