What makes a basketball team worth $10bn?

We look at the record-breaking sale of the Los Angeles Lakers which has just been approved by the board of the NBA - or National Basketball Association.

The Buss family had owned the team since 1979.

The new majority owner of the franchise is TWG Global CEO Mark Walter.

Mr Walter also has a controlling stake in the Los Angeles Dodgers, the professional US baseball team that won the World Series last year, as well as investments in Chelsea FC.

Produced and presented by Guy Kilty Edited by Helen Thomas

(Image: Los Angeles Lakers star player LeBron James drives to the basket during the game against the Utah Jazz during the game on 23 November 2025. Credit: Adam Pantozzi/NBAE via Getty Images)