Trump-linked Kushner and ex-Disney boss to buy £9bn LA Lakers from Chelsea co-owner Sport Business Josh Kushner, the Donald Trump-linked figure at the centre of the Fifa sell-off row, is to buy NBA’s LA Lakers from Chelsea co-owner Mark Walter in a £9bn deal. Walter purchased the Lakers for £7.4bn in October last year but is set to see a bumper return on his investment when Kushner – brother to [...]
Chelsea co-owner Boehly part of $10bn NBA deal for LA Lakers Sport Business Todd Boehly is part of the $10bn deal to buy the LA Lakers alongside Chelsea co-owner Mark Walter. Walter had agreed to purchase a majority stake in the NBA side earlier this year in a deal that would value the franchise at $10bn. But Front Office Sports reports that Chelsea consortium frontman Boehly is part [...]
NBA franchises jump in value as two top $10bn Sport Business NBA franchises have increased in value by 20 per cent to an average $5.51bn, according to the Sportico 2025 NBA Valuation Report. The data shows the continued growth in the North American league, a league where the lowest-valued team – the Memphis Grizzlies – are worth a colossal $4bn. But the Golden State Warriors have [...]
Global sports market forecast to be worth $600bn by 2030 July 1, 2025 Growth of the global sports market is forecast to accelerate, making it worth $600bn (£438bn) by 2030, according to a report published today by consultancy Kearney. The market has grown an average of five per cent annually since 2020 but that rate is expected to increase to eight per cent, the report says. “Sport is [...]
LeBron James opts into £38m contract as Lakers set for $10bn deal June 30, 2025 LeBron James is set to play in the Lakers’ new ownership era after opting into a £38m contract option. It will mean the 40-year-old, who turns 41 in December, will compete for the Los Angeles side for a 23rd season. The American is just 50 appearances short of Robert Parish’s NBA record, having played 1,562 [...]
NBA’s LA Lakers to sell majority stake to Chelsea co-owner in £7.5bn deal June 19, 2025 The Buss family are selling a majority stake in the LA Lakers in a deal that could value the NBA franchise at £7.45bn. Owned by the same family since 1979, the LA Lakers are one of sports most iconic teams in world sport with the likes of LeBron James, Magic Johnson, Kobe Bryant, Kareem Abdul-Jabbar, [...]
Cadillac Formula 1 team to follow Chelsea blueprint, say owners February 25, 2025 The Cadillac Formula 1 team will “apply the same transformative growth mindset” seen at sister outfit Chelsea FC as they gear up for their historic entry to the grid next year. Cadillac F1 are majority owned by TWG Global, the investment vehicle of Chelsea part-owner Mark Walter, a long-time business partner of the club’s chairman [...]