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Bob Iger and Josh Kushner look to have big plans for the Lakers as an investment opportunity, but what does that mean for the fans?
In August, Bob Iger and Josh Kushner agreed to purchase the Los Angeles Lakers for a record-breaking $12.5 billion — a number they reportedly anticipate “to nearly triple” over the next decade, according to Jessica Toonkel and Mark Maurer of The Wall Street Journal.
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“That is one of several aggressive financial projections included in an investor presentation being circulated by Thrive Capital,” Toonkel and Maurer wrote. “… In the presentation, the buyers laid out plans to expand the storied National Basketball Association franchise, including through international growth and new opportunities in local media rights.
“Those moves would help boost the Lakers’ valuation to at least $30 billion in a decade, the buyer group said, assuming that TV and streaming rights double in value. More favorable assumptions for the same period would place the long-term valuation at $62 billion.”
Iger and Kushner believe they will simply be propelling an already prosperous franchise. According to Iger and Kushner’s investment group, Thrive Capital, the Lakers are tracking to produce $681 million in revenue this year — led by ticketing and media rights — with projections to hit $1.6 billion by 2037.
“Profits are expected to zoom up as well, with adjusted earnings before interest, taxes, depreciation and amortization set to more than triple from an estimated $129 million to more than $589 million over that span, according to the presentation,” Toonkel and Maurer wrote.
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The key point with all of this news is what actually means for the fans and the on-court product. Fans do not care about billionaires bolstering their pocket books. If the Lakers are going to generate more revenue and explode in value as a franchise, ownership better invest a significant chunk (or all of it, really) back into the team or the fan experience.
Good owners spend, whether that’s enhancing TV production and in-arena pageantry, paying staffers a proper wage or ensuring finances aren’t an impediment…
Source link : https://sports.yahoo.com/articles/bob-iger-josh-kushner-expect-161500206.html
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Publish date : 2026-09-21 16:15:00
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