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adkindo Retired Number
Joined: 16 Jun 2005 Posts: 40345 Location: Dirty South
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Posted: Wed Feb 15, 2017 8:19 am Post subject: Lakers Market Value - $3 Billion!!! |
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Forbes - Lakers the 2nd Most Valuable NBA Franchise
Quote: | The Lakers are worth $3 billion, up 11%. Last season was the worst in franchise history on the court, but the team still made a mint as fans flocked to the Staples Center to see the Kobe Bryant retirement tour. The team sold out Staples per usual with courtside seats costing $2,750 per game. Bryant’s final game featured $1.2 million worth of Kobe merchandise sold at the Staples Center, setting a one-day sales record for an arena. The Lakers banked $119 million in profit, second most behind the Knicks. |
Quote: | Only three teams lost money last season — the Cavaliers, Los Angeles Clippers and Oklahoma City Thunder — and all three were in the red as a result of excessive payrolls that triggered nearly $90 million in luxury tax payments cumulatively. |
Last edited by adkindo on Wed Feb 15, 2017 8:22 am; edited 1 time in total |
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dcarter4kobe Franchise Player
Joined: 30 Jul 2005 Posts: 17656
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Posted: Wed Feb 15, 2017 8:21 am Post subject: |
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Those numbers are just estimates but that 119M profit stood out to me. And that was before the increased revenue from the new TV deal and without extra income from the playoffs. This is a reason why I say the Lakers should be willing to pay whatever it takes to get the best basketball minds here. _________________ "He's a Zen master, so he can speak to you, and he doesn't need a microphone; you can hear him in your head, 'Ron, don't shoot, don't shoot.' Whatever, pow, three. I love the Zen, though." |
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Mike@LG Moderator
Joined: 10 Apr 2001 Posts: 65135 Location: Orange County, CA
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Posted: Wed Feb 15, 2017 8:42 am Post subject: |
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Sad to see a championship team lose money. _________________ Resident Car Nut.
https://lakersdraft.substack.com/
I am not an economic advisor nor do I advise economic strategies or plans. |
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adkindo Retired Number
Joined: 16 Jun 2005 Posts: 40345 Location: Dirty South
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Posted: Wed Feb 15, 2017 8:53 am Post subject: |
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Mike@LG wrote: | Sad to see a championship team lose money. |
General Manager Lebron...... |
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Mike@LG Moderator
Joined: 10 Apr 2001 Posts: 65135 Location: Orange County, CA
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Posted: Wed Feb 15, 2017 9:06 am Post subject: |
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adkindo wrote: | Mike@LG wrote: | Sad to see a championship team lose money. |
General Manager Lebron...... |
That's not his fault.
A Laker championship with that stardom would profit greatly. $119 million in a losing season isn't all done by team cap. _________________ Resident Car Nut.
https://lakersdraft.substack.com/
I am not an economic advisor nor do I advise economic strategies or plans. |
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activeverb Retired Number
Joined: 17 Jun 2006 Posts: 37470
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Posted: Wed Feb 15, 2017 9:07 am Post subject: |
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adkindo wrote: | Mike@LG wrote: | Sad to see a championship team lose money. |
General Manager Lebron...... |
This is one of the conflicts between owners and players.
The owners get a lot of their return from the rise in franchise values, which the players don't share in.
Dan Gilbert has talked about how owning an NBA franchise makes him money in ways that don't show on the books of the franchise, so the economics of billionaires are really complex. I can see why the players don't buy the poverty claims -- but that's an amusing fight of millionaires against millionaires. |
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adkindo Retired Number
Joined: 16 Jun 2005 Posts: 40345 Location: Dirty South
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Posted: Wed Feb 15, 2017 10:37 am Post subject: |
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Mike@LG wrote: | adkindo wrote: | Mike@LG wrote: | Sad to see a championship team lose money. |
General Manager Lebron...... |
That's not his fault.
A Laker championship with that stardom would profit greatly. $119 million in a losing season isn't all done by team cap. |
no, obviously LA and NY teams will have more revenue than a mid-western team, but I think their tax bill alone was around $40 Million....then the amount over the cap added onto that in combination with a couple players on that roster being overpaid because they are represented by Lebrons people combines for a big chunk of the operating loss. |
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pmacla Star Player
Joined: 31 Aug 2012 Posts: 7849 Location: Los Angeles, CA
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Posted: Wed Feb 15, 2017 10:51 am Post subject: |
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how about Clippers losing money if they lose Paul or Griffin or both and start losing games and even more money how soon before they move to Seattle ? |
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venturalakersfan Retired Number
Joined: 14 Apr 2001 Posts: 144432 Location: The Gold Coast
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Posted: Wed Feb 15, 2017 11:27 am Post subject: |
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dcarter4kobe wrote: | Those numbers are just estimates but that 119M profit stood out to me. And that was before the increased revenue from the new TV deal and without extra income from the playoffs. This is a reason why I say the Lakers should be willing to pay whatever it takes to get the best basketball minds here. |
Easy to say when it isn't your money. The Lakers are the Buss kids sole source of income _________________ RIP mom. 11-21-1933 to 6-14-2023. |
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Inverse Star Player
Joined: 27 Jun 2014 Posts: 2061
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Posted: Wed Feb 15, 2017 11:32 am Post subject: |
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venturalakersfan wrote: | Easy to say when it isn't your money. The Lakers are the Buss kids sole source of income |
Highly doubt that _________________ He's my GOAT |
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venturalakersfan Retired Number
Joined: 14 Apr 2001 Posts: 144432 Location: The Gold Coast
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Posted: Wed Feb 15, 2017 11:36 am Post subject: |
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I guess I missed those other corporations that the Buss kids own. _________________ RIP mom. 11-21-1933 to 6-14-2023. |
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adkindo Retired Number
Joined: 16 Jun 2005 Posts: 40345 Location: Dirty South
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Posted: Wed Feb 15, 2017 11:52 am Post subject: |
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venturalakersfan wrote: | I guess I missed those other corporations that the Buss kids own. |
not really related, but do they still own the Forum? |
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driver Star Player
Joined: 21 Dec 2010 Posts: 6854
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Posted: Wed Feb 15, 2017 12:04 pm Post subject: |
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adkindo wrote: | venturalakersfan wrote: | I guess I missed those other corporations that the Buss kids own. |
not really related, but do they still own the Forum? |
No actually. I would not be surprised if there was some small real estate things here or there under the Buss Estate but for the most part, Dr Buss sold off his other assets and went all in on the Lakers.
This is why the Lakers mean so much as family owned team. It really is their livelihood. |
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lakersken80 Retired Number
Joined: 12 Aug 2009 Posts: 38751
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Posted: Wed Feb 15, 2017 12:10 pm Post subject: |
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adkindo wrote: | venturalakersfan wrote: | I guess I missed those other corporations that the Buss kids own. |
not really related, but do they still own the Forum? |
No its owned by MSG.....you know James Dolan.... |
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adkindo Retired Number
Joined: 16 Jun 2005 Posts: 40345 Location: Dirty South
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Posted: Wed Feb 15, 2017 12:12 pm Post subject: |
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lakersken80 wrote: | adkindo wrote: | venturalakersfan wrote: | I guess I missed those other corporations that the Buss kids own. |
not really related, but do they still own the Forum? |
No its owned by MSG.....you know James Dolan.... |
thats right, I recall that now...bought it in last few years |
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adkindo Retired Number
Joined: 16 Jun 2005 Posts: 40345 Location: Dirty South
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Posted: Wed Feb 15, 2017 12:15 pm Post subject: |
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driver wrote: | adkindo wrote: | venturalakersfan wrote: | I guess I missed those other corporations that the Buss kids own. |
not really related, but do they still own the Forum? |
No actually. I would not be surprised if there was some small real estate things here or there under the Buss Estate but for the most part, Dr Buss sold off his other assets and went all in on the Lakers.
This is why the Lakers mean so much as family owned team. It really is their livelihood. |
I am sure they have other smaller sources of income...licensing rights, or small commissions from books still trickling in, rental properties......may seem like real money to us, but i would guess its peanuts in the grand scheme of things. |
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lakersken80 Retired Number
Joined: 12 Aug 2009 Posts: 38751
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Posted: Wed Feb 15, 2017 12:16 pm Post subject: |
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venturalakersfan wrote: | I guess I missed those other corporations that the Buss kids own. |
The Buss family aren't that rich, but if you read about Jerry Buss history, its amazing how he went from graduating with a chemistry degree at USC to going into real estate as a side project and then owning a franchise like the Lakers. |
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adkindo Retired Number
Joined: 16 Jun 2005 Posts: 40345 Location: Dirty South
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Posted: Wed Feb 15, 2017 12:26 pm Post subject: |
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lakersken80 wrote: | venturalakersfan wrote: | I guess I missed those other corporations that the Buss kids own. |
The Buss family aren't that rich, but if you read about Jerry Buss history, its amazing how he went from graduating with a chemistry degree at USC to going into real estate as a side project and then owning a franchise like the Lakers. |
In that SI article from 1998 I was reading today....in 1998 the Lakers, Sparks and the Forum combined was only worth $300 Million....and 18 years later the Lakers alone are worth $3 Billion....that is an amazing capital asset appreciation. |
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32 Retired Number
Joined: 04 Nov 2009 Posts: 73040
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Posted: Wed Feb 15, 2017 12:29 pm Post subject: |
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$3 billion is a conservative estimate. If it went on the market today it could probably fetch 4-5 billion. _________________ Nobody in the NBA can touch the Laker brand, which, like the uniform color, is pure gold. |
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LakerSD Franchise Player
Joined: 10 Nov 2016 Posts: 23731
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Posted: Wed Feb 15, 2017 12:41 pm Post subject: |
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32 wrote: | $3 billion is a conservative estimate. If it went on the market today it could probably fetch 4-5 billion. |
Yeah if the clippers sold for $2b the lakers will go for 4+ |
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SuperboyReformed Star Player
Joined: 07 Oct 2012 Posts: 4083
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Posted: Wed Feb 15, 2017 12:47 pm Post subject: |
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adkindo wrote: | Mike@LG wrote: | Sad to see a championship team lose money. |
General Manager Lebron...... |
its because im right about him not being as good as people say. |
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DocK36 Franchise Player
Joined: 19 Apr 2001 Posts: 19454
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Posted: Wed Feb 15, 2017 12:50 pm Post subject: |
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That's a crazy number especially considering the Lakers do not own their arena. With the Ddgers there is a lot of value with the land in LA and Florida. _________________ Ringo "You retired too?"
Doc "Not me, I'm in my prime." |
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BigGameHames Star Player
Joined: 24 May 2015 Posts: 7982
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Posted: Wed Feb 15, 2017 12:51 pm Post subject: |
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SuperboyReformed wrote: | adkindo wrote: | Mike@LG wrote: | Sad to see a championship team lose money. |
General Manager Lebron...... |
its because im right about him not being as good as people say. |
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venturalakersfan Retired Number
Joined: 14 Apr 2001 Posts: 144432 Location: The Gold Coast
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Posted: Wed Feb 15, 2017 12:55 pm Post subject: |
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lakersken80 wrote: | venturalakersfan wrote: | I guess I missed those other corporations that the Buss kids own. |
The Buss family aren't that rich, but if you read about Jerry Buss history, its amazing how he went from graduating with a chemistry degree at USC to going into real estate as a side project and then owning a franchise like the Lakers. |
Yes, all with the help initially from Donald Sterling. _________________ RIP mom. 11-21-1933 to 6-14-2023. |
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Mike@LG Moderator
Joined: 10 Apr 2001 Posts: 65135 Location: Orange County, CA
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Posted: Wed Feb 15, 2017 1:01 pm Post subject: |
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adkindo wrote: | Mike@LG wrote: | adkindo wrote: | Mike@LG wrote: | Sad to see a championship team lose money. |
General Manager Lebron...... |
That's not his fault.
A Laker championship with that stardom would profit greatly. $119 million in a losing season isn't all done by team cap. |
no, obviously LA and NY teams will have more revenue than a mid-western team, but I think their tax bill alone was around $40 Million....then the amount over the cap added onto that in combination with a couple players on that roster being overpaid because they are represented by Lebrons people combines for a big chunk of the operating loss. |
The point is, it's a championship team. You'd think there would be a growing fanbase with increased revenue to actually make money.
So no, it's not LeBron's fault. _________________ Resident Car Nut.
https://lakersdraft.substack.com/
I am not an economic advisor nor do I advise economic strategies or plans. |
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