Lakers’ $12.5 billion sale shows why private equity loves sports — and won’t leave

AI Summary

The Los Angeles Lakers were sold for $12.5 billion in a deal that highlights the growing interest of private equity in sports franchises. The transaction underscores the increasing valuation of sports teams and the strategic considerations private equity firms face regarding timing their exit.

As sports valuations explode, private equity confronts the big question: When to cash out.