Concerned about the Lakers sale?
It's so weird to me that the Lakers — the most valuable franchise in the NBA — were just flipped in one year. Has made me think about a recent trend in sports, where franchises are being owned by families less and private equity companies more as the valuations get more and more expensive. I wonder if we could see a timeline where a private equity firm completely takes a baseball bat to an NBA franchise and strips away any chance of competitiveness for the sake of "profitability." I think one of the main appeals for the Lakers historically has been consistency, and the ownership has been a big reason why people feel comfortable working there — players, staff and otherwise.
I guess the only way to know is to wait and see, but I'm definitely concerned.

