The Los Angeles Lakers fetch $12.5 billion, breaking the previous record set less than a year earlier by Mark Walter.
Why it mattersThe record price reflects the massive value of owning an NBA franchise, one of sport's most iconic and profitable teams.
Free. Be genuinely informed in 5 minutes a day. No signup, no noise.
Get the free app, read the whole feed
InSnip turns the day's news into short, source-backed snippets with a plain why it matters line. The signal, not the scroll.