Wednesday December 6, 2023

Dodgers Owners Buy Biggest Minority Stake in Lakers

  • Los Angeles Dodgers’ owners Todd Boehly and Mark Walter are buying a 27% stake in the Los Angeles Lakers from Phillip Anschutz.
  • The deal values the Lakers at around $5 billion.
Jerome Miron-USA TODAY Sports/Design: Alex Brooks
Linkedin
Copy Link
Link Copied
Link Copied

In a move that joins two empires, Phillip Anschutz is selling his 27% stake in the Los Angeles Lakers to Los Angeles Dodgers owners Todd Boehly and Mark Walter.

The deal values the Lakers at around $5 billion, meaning that the sale was for around $1.35 billion. The Dodgers were valued at $3.57 billion in May.

With Boehly and Warner now holding the top minority stake in the Lakers, there are suddenly deep links between two historic sports franchises.

  • There is speculation that the Lakers and Dodgers could one day bundle their media rights together. L.A. has over 5.7 million homes — the second-largest media market in the U.S. 
  • Walter and Boehly are part-owners of the WNBA’s Los Angeles Sparks. Former Lakers great and executive Magic Johnson is part-owner of the Dodgers and Sparks.

Anschutz Entertainment Group owns the NHL’s Los Angeles Kings, MLS’ Los Angeles Galaxy, and the Staples Center, where the Lakers, Kings, Sparks, and Los Angeles Clippers play. Anschutz explored selling AEG 10 years ago but ultimately decided to hold. 

The new deal could set up Boehly and Walter for a majority stake in the Lakers one day. The pair gained right of first refusal, meaning that they would have the first opportunity to fully buy the team, should owner Jeannie Buss decide to sell.

Linkedin
Copy Link
Link Copied
Link Copied

What to Read

Ohtani's Future Deal Takes Center Stage As Winter Meetings Kick Off

The two-way phenom is expected to sign the largest-ever player contract in U.S. team sports.
The College Football Playoff is considering rotating TV networks for the national championship game.

CFP Considers Super Bowl-Like Rotation For National Championship Game

Multiple networks could share rights to the championship game, sources told FOS.
podcast thumbnail mobile
Front Office Sports Today

Premier League Sets New Bar with Media Deals

0:00
0:00

Featured Today

Lane Kiffin

Ole Miss, Lane Kiffin Lawyers Argue for Dismissal of Player Lawsuit

FOS obtained audio of Lane Kiffin's interaction with the player behind lawsuit.
LSU Lady Tigers head coach Kim Mulkey reacts against the Iowa Hawkeyes during the NCAA Womens Basketball Final Four National Championship at American Airlines Center.
November 6, 2023

Who Is The Highest-Paid Women’s College Basketball Coach?

LSU rewarded Kim Mulkey after winning a national title after her second year leading the program.
The Pac-12’s Collapse Will Have Ripple Effects on College Basketball.
November 6, 2023

The Pac-12’s Collapse Will Have Ripple Effects on College Basketball

The existing Pac-12 host a college basketball season for the last time.
Favre Presley
November 3, 2023

Brett Favre Controversy Casts Shadow Over Mississippi Gubernatorial Race

Candidate Brandon Presley has made the scandal one of his talking points.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Wasserman
Multiple - USA Careers
Live Nation
Multiple - USA Careers
Saco Bay PT
Multiple - USA Careers
A view of a 1914 Baeb Ruth rookie card in a protective casing from the Sportscard Guaranty Company.

Babe Ruth Rookie Card Sets Player Record at $7.2M

It’s the most expensive piece of Babe Ruth memorabilia ever sold.
November 14, 2023

German Soccer Pushing $1.1B Rights Deal To Private Equity Investors

Governing body mounting third attempt for outside investment
PFL Bellator
November 20, 2023

PFL Completes Acquisition of Bellator, Readies to Challenge UFC

“Today, the MMA market changed,” PFL Founder Donn Davis said.
Sponsored

NHL’s Chris Foster on Amplifying Content Distribution With Automation

Learn how the NHL is using WSC Sports to increase fan engagement.
CAA logo on side on building
November 13, 2023

CAA Forms Sports-Focused Investment Bank In Continued Expansion Push

Powerhouse agency looks to further expand dealmaking capabilities
Mercedes-AMG Petronas driver George Russell drives on the track during the Formula One Las Vegas Grand Prix Launch Party at Las Vegas Strip.
November 10, 2023

Ticket, Hotel Prices Plummet As Las Vegas GP Nears

Lack of competitive drama for F1 event fuels market crash
November 9, 2023

McMahon Selling $713M In TKO Stock, CEO Emanuel Could Be A Buyer

Bombshell announcement to bring big changes to company's ownership structure
San Diego Padres shortstop Xander Bogaerts wears the ALS Lou Gehrig Day and Motorola patches during a game against the Chicago Cubs at Petco Park.
November 8, 2023

Major U.S. Sports Leagues Pull In Record $6.7B in Ad Revenue

Major U.S. sports leagues and teams saw big increases in ad revenues.