Show Notes
NBA teams don’t come up for sale often—two-thirds of the league’s control owners have been in place for at least a decade—which is one big reason why it was such a surprise that August featured two quick flips.
First, Mark Walter agreed to sell the Los Angeles Lakers to Josh Kushner and Bob Iger only about ten months after his purchase of the franchise had closed, and then, barely a week later, Minnesota Timberwolves limited partner Marc Stad reached an agreement to buy out Marc Lore, 14 months after the retail billionaire had officially taken over.Both deals still await approval by the NBA’s board of governors, but assuming they close without incident, as expected, it will mean a tidy return for the sellers. Lore, who first agreed to buy the Timberwolves and the WNBA’s Minnesota Lynx in 2021 in a multi-stage transaction with an enterprise value of $1.5 billion, got $4.5 billion for the two clubs—a 25% annual return even when measured from the initial agreement.
Walter, who is under federal investigation over loans made between his other businesses, matched that return by raising the price of the Lakers from $10 billion to $12.5 billion in less than a year.That is just life in the NBA, where valuations are as high-flying as a breakaway dunk.
Read the full story on Forbes: https://www.forbes.com/sites/justinteitelbaum/2026/10/16/the-most-valuable-nba-teams-2026/ Learn more about your ad choices. Visit megaphone.fm/adchoices
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