Lakers News: Team’s Estimated Value Increased After Clippers Sale
As long as everything goes according to plan, the Los Angeles Clippers will be under new ownership after the Donald Sterling scandal forced the sale of the NBA franchise to former Microsoft CEO Steve Ballmer.
The Clippers will be sold for the record-breaking price of $2 billion setting a precedent for all future sales of sports franchises in the United States.
With the Clippers selling for $2 billion, many have debated how much some of the top tiers franchises in the NBA would sell for. Recently, Forbes did their annual estimated values of all 30 of the NBA franchises with the New York Knicks at the top of the list at $1.4 billion.
It’s no surprise that the Knicks would be valued over a billion with the Los Angeles Lakers just behind New York at $1.35 billion, but the Clippers were valued at $575 million and sold for considerably more.
As a result of the Clippers selling for much more than anticipated, the value of the Lakers franchise might have gone through the roof. Here’s a chart of the projected values after the sale of the Clippers, according to BusinessInsiders.com:
With the Buss family letting it be known that they’ve got no intention to sell the team, the Lakers might not be on the market anytime soon.
It would be interesting to see what kind of bids the Lakers franchise would receive if the team was up for sale. The Lakers would likely get numerous bids that could surpass $5 billion. The franchise is arguably the most popular of the 30 in the league and has a fan base that spans worldwide.
There’s a good chance that we may never know the true value of the storied franchise with Jeanie Buss and company intent on keeping it in the family.
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