A lucrative cable deal loads of championship success and a global name brand has propelled the Lakers into the 31st most valuable sports franchise, according to Forbes.com.
Two years ago, Forbes had listed the Lakers worth $643 million. This year, the Lakers are valued at $1 billion.
“The Lakers are in a transition phase with the February death of team patriarch Jerry Buss,” Forbes wrote. “He bought the Lakers in 1979 for $20 million and led the team to 16 NBA Finals appearances. The Lakers’ revenue surged this past season in the first year of their new television deal with Time Warner Cable, which could be worth $5 billion over 25 years.
Soccer club Real Madrid ranked No. 1 overall at $3.3 billion, followed by Manchester United ($3.16 billion), Barcelona ($2.6 billion), the New York Yankees ($2.3 billion) and the Dallas Cowboys ($2.1 billion). The Lakers even trail the Dodgers (seventh at $1.615 billion_) and the New York Knicks (23rd at $1.1 billion).
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