Sales prices for sports teams are soaring to record. Here’s why, and what that means for fans | CNN Business

CNN  — 

The Los Angeles Lakers may not have as many NBA titles as the Boston Celtics, but the Lakers topped their archrival with a record-setting $10 billion franchise price tag this week — just three months after the Celtics held the honor for the highest sale price for a professional sports team at $6 billion.

But this record might not last very long. The NFL’s New York Giants are in the process of shopping a 10% ownership stake, which could put the team’s overall value above $10 billion, according to Marc Ganis, a Chicago-based

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

This $180 Chromebook Offers Flexibility and Performance for On-the-Go Entrepreneurs

Disclosure: Our goal is to feature products and services that we think you'll find interesting and useful. If you purchase them, Entrepreneur may...

Eli Lilly’s Obesity Pill Appears to Work as Well as Injected GLP-1s

Eli Lilly’s daily anti-obesity pill orforglipron appears to be as good at spurring weight loss and lowering blood sugar in diabetes patients as popular...

Tackle Decision Fatigue With This CEO-Worthy AI Tool

Disclosure: Our goal is to feature products and services that we think you'll find interesting and useful. If you purchase them, Entrepreneur may...