The new ownership group of the Los Angeles Lakers is reportedly offering minority stakes in the franchise with a starting price of $250 million, according to a report from HoopsHype on Friday.
The offering marks a significant valuation milestone for one of the NBA's most storied franchises. Minority stake sales at this price point would value the entire organization well above previous league benchmarks.
Details regarding the specific ownership structure, the identity of the new controlling owner, and the total percentage of equity available were not disclosed in the initial report. The Lakers, who play at Crypto.com Arena in downtown Los Angeles, have won 17 NBA championships, tied for the most in league history.
