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Lakers legend Magic Johnson on sale of the team: 'When the Celtics sold for $6B, I knew the Lakers were worth $10B!'

Yahoo SportsWednesday, June 18, 2025 at 11:24:26 PM
PositiveSportsSports Business
Lakers icon Magic Johnson didn’t hold back his enthusiasm when discussing the team’s recent $10 billion sale, joking that once the rival Celtics went for $6 billion, the Lakers’ price tag was a no-brainer. The deal marks one of the biggest in sports history, and Magic’s playful confidence highlights just how much cultural and financial weight the Lakers carry.
Editor’s Note: This isn’t just about a team changing hands—it’s a snapshot of how elite sports franchises have become colossal financial assets. Magic’s quip underscores the Lakers’ prestige, but it also signals how skyrocketing valuations are reshaping ownership in pro sports. For fans, it’s a reminder that their favorite teams are as much about legacy as they are about big-money deals.
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