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Lakers sale values team at record $12.5 billion
The Los Angeles Lakers deal adds to a broader run of rising sports team sale prices, with valuations hitting new highs.
New York Times Business reports that this week’s sale for the Los Angeles Lakers valued the team at a record $12.5 billion.
The outlet said the transaction is the latest example of skyrocketing sports team prices, following a pattern of new valuation highs across recent deals.
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NYT BusinessSports Team Sale Prices Keep Hitting New Highs