In Reply to: bottom line... posted by truk on June 20, 2025 at 20:01:36
> if Mark Walter/Guggenheim Partners are parking $10B in the Lakers, it's going to be a good investment. Even at 3% appreciated value per annum, that's $300 million more than the appreciation on your house.
Maybe, but recently, for the first time, many are questioning the value of NBA teams.
What the NBA has become for many of these new owners is an opportunity for billionaires to become pop culture icons. Bill Simmons has a big riff on this also. While you may no longer be buying a good investment, you are paying to be well-known and potentially well-admired in a city.