Ted Leonsis on rising team valuations

Ownership Changes & Investment - The Lakers were valued at $10 billion, despite not owning their building, network, WNBA team, or hockey team [1] - Private equity and sovereign wealth funds are entering the sports business, providing liquidity for partners [1] - NBA owners meeting highlighted significant ownership changes, including potential changes for the Celtics and Lakers [2] - Private equity's involvement brings an expectation of operating like a real business, with a focus on eventual exit strategies [2]