Nick Wight & Colin Cowherd REACT to Los Angeles Lakers $10 billion sale | Colin Cowherd NBA

Nick Wight & Colin Cowherd REACT to Los Angeles Lakers $10 billion sale | Colin Cowherd NBA

all right we get Nick right for an hour and it’s a it’s a newsbreaking day the Lakers just sold for a10 billion evaluation which I’ I’ve believed for a long time Nick all these sports franchises are undervalued whenever they say you know the Cowboys are worth $7 billion my take is if somebody in Saudi Arabia had a good month with oil they buy them for 13 billion because you don’t know if Google is going to be around in 20 years or Microsoft you know the Dallas Cowboys are going to be around in 20 years in fact I remember reading a story years and years ago they went back to like 1980 and they took the 30 leading companies on the Dow Jones and 25 years later only one was still like a really it was like Chevron or something and so my point is the Mark Walters group is the Dodger owner it’s a really good group and it does make me think okay the mom and pop Lakers are over because that’s been the big knock in LA is that I mean people forget Dan Gilbert could buy the bus family four times they’ve been one of the poorest NBA ownership groups correct and one of the poorest from a net worth perspective and I would argue that they haven’t they have been one of the more poorly organizations in the league and I know that’s weird because they have the second most championships and they just got Luca and LeBron went there but I think that they have squandered a lot of opportunities i think that since Dr bus passed they have there are very few things you can say the Lakers do top notchotch in the league and while they have been you know willing to spend I think they’ve you know the last decade they’ve spent like the seventh most money they should be sp they the seventh most for Los Angeles Lakers is not maximizing the market and the brand i understand it’s not baseball so there is a cap like and in the new NBA with the aprons just spending recklessly can really hamstring you but this is a massive net positive for the Los Angeles Lakers for their fans in my opinion you should not have they they’re in a weird spot where similar to the Cowboys where ownership’s primary source of income is the team and that’s one of the reasons I think the Cowboys don’t necessarily spend the way they should and that’s how I have felt about the Lakers so listen I don’t know much about Mark Walters i know that he bought 26% of the team from I think an shoots or whomever with the guarantee part of that was if the buses sell I get the first opportunity and now he’s in now I I agree with you historically sports franchises have been undervalued i wonder if we are now getting to where 10 billion’s 10 billion dollars kind of like that’s a lot of money well think about this the the Celtics sold for6 billion the GDP of Boston the gross domestic product is 600 million annually it’s a trillion in Los Angeles the Los Angeles economy would be the 20th biggest economy in the world meaning it would be bigger than about 185 countries so and and and they own the the Lakers own their arena so that’s an important So like you just if the arena’s worth 2 billion given where it is in the real estate and whatever so now it’s not six versus 10 it’s 6 versus 8 and you take the fact that LA’s a bigger market and you know as much as this will pain our buddy Bill Simmons the Lakers are the biggest brand in basketball listen the Celtics were in the finals two years ago it didn’t get a good rating it didn’t get a number i mean when the Lakers are in the final regardless of who the star is it generally gets a much bigger rating well yes it’s also true the Lakers have never been in the finals without one of the biggest stars in the league it’s not like oh that Lakers time they made the finals with that scrappy underachieving team no it’s LeBron or Kobe or Shaq or Magic or Kareem or Wilt but still your point stands yeah no they are they the This is a fun one cuz you did your Mount What was it mount Crush mount Just More just More because they’re just more than everyone else um if we were to do God this is this is corny and make funable content it also I’m sure will crush on Tik Tok or something if we were to do the Mount Rushmore franchises in American sports four four to me there are three nobrainers and then people would argue about the four fourth but the three no-brainers are the New York Yankees the Dallas Cowboys and the Los Angeles Lakers those to me and Do you think I’m missing anything there i I think those are the three brands that are truly every corner of the world they’re you know somebody’s walking around wearing a t-shirt even if they’ve never heard of the team yeah i think I will say this um I think the LA Dodgers because of the Walters group perfect spring summer fall weather otani now is you know Tuesday Wednesday Thursday Dodger games are now an event there are fans from the Pacific Rim every home game road attendance for the Dodgers is number one in the league they played the Yankees i think it was last year it felt like 25% of the crowd was Dodger fans they travel incredibly well i think the Dodgers over the last eight since they’ve been purchased um from the Mark Walters group i think they have become and I and I mean this i think they’re a step ahead of the Yankees they don’t have all the pennants they don’t have all the titles but this ownership group is much more it’s got deeper pockets it’s more aggressive i mean the way they are pushing contracts down the road they are revolutionary but they’re not a bigger brand than the New York Yankees i think they’re getting close i think Otani changes it i really do well if the idea is like Otani brings in and a whole similar to I understand once Japanese brings in the Pacific yeah like what Yao Ming did for the Houston Rockets where all of a sudden it’s like you have this whole new market but if so the because I really the maybe eventually the Dodgers get there if it’s Yankees Cowboys Lakers is the three the teams across sports competing for that fourth spot dodgers definitely are in the contention the Celtics are the Warriors no probably not cuz that’s good the Warriors are like the Chiefs in that it’s the supernova of the moment in Mahomes or Steph Curry but they don’t have a history to where they’re this big brand so do you think you think the Dodgers now have surpassed the Cubs as the second biggest brand yes in baseball okay yes because again remember Chicago wanted the Olympics why couldn’t they get them because they were not considered a global city they were considered uh maybe our there like Chicago has won best North American city seven years in a row from Kai Nas architecture it’s a it’s an unbelievable city but it’s not viewed as an international city DC San Francisco LA New York Boston similarly is not necessarily seen it’s seen as kind of provincial provincial parochial so I think they’ve surp and the Cubs the Ricketts family which by the They live about 5 minutes from where I’m sitting right now they are um it seats 36,000 their revenues just don’t they’re not close they’re just not close anymore so um and I think the Cubs are historic and they matter domestically but I don’t think they pull a big That might be right i and it also might be a lot of the benefit of the Cubs um went away or benefits the wrong word but brand recognition for lack of a better term of the Cubs had to do with if you’re a millennial when you were growing up with like basic cable for some reason you got the Cubs games because of WGN so you could like watch your team and the Cubs and so they they had that and now people can watch whatever teams they want i just saw the who who who do you sorry for this slight detour but after the Cowboys what do you think the biggest brand in football is like I I hesitate the in the moment it’s obviously the Chiefs but you wonder like if Mahomes retired like then the Chiefs it’s an interesting story nobody cares if you bought the Chiefs today well you would have to consider Andy Reid and Patrick Mahomes part of the buy yes so this idea well the brand well what is the brand right now Jerry Jones is 80 they’re dysfunctional their roster’s bad there’s value to it but Kansas City’s got the best quarterback in the league for the next 10 years so I mean the the when LeBron James went from the Miami Heat back to Dan Gilbert in Cleveland i talked to somebody in that equity space he said that was a $400 million day for Dan Gilbert the Cavs without LeBron even with Evan Mobley and Donovan Mitchell LeBron changed the it was a paradigm shift economically for Cleveland literally Ken Griffy saved baseball in Seattle lebron James changed the economy taylor Swift Stewart I give you an example made $2.1 billion sold 10 million tickets that is double the next biggest tour ever so it’s only big because of one reason the artist so if you count I mean let’s be honest if you bought a soccer franchise 10 years ago and Ronaldo had an eight-year contract it would make it worth half a billion dollars more so I think the Chiefs with Mahomes that adds to me that adds half a somewhere between 500 billion and a billion dollars they go from six billion to seven because of Mahomes well so that’s the other piece of this the other piece of this is if the if the most valuable team in the NBA is now worth $10 billion what is the most valuable team in the NFL worth is it 15 billion like you honestly like what is if this is the new cuz you can’t tell like as much as as big of a brand as the Lakers are and I understand the NBA’s new TV deal i get all that there is nothing that is the machine that is the NFL so if the lake if we now have Lakers 10 billion Celtics 6 billion you know as the metrics then the if forget the Cowboys I’m trying to think of a good you know a good if the San Francisco 49ers were for sale are they a $10 billion franchise is that worth I think they are so I’ve always argued i’m looking this up right now sorry to interrupt this great video but please remember to like and subscribe thank you now back to the video i’ll give you I’ll give you one that is undervalued stan Kroni owns Sofi Stadium well yeah so owning the stadium is a big thing so if you bought the Rams you get I get SoFi Stadium which can house a hundred concerts a year and the Chargers and the Rams so you have to consider that when you buy the Rams so I would say in the number two market in the country I get Shawn McVey I get a well-run operation I get SoFi i I’m sorry but that’s over10 billion i mean it’s got to be it just has to be if they now that the Lakers are worth 10 the biggest NFL brands have to be worth more you know what I just It just has to be and to your point and then we can I like move on to other things I’m sure just because this makes me laugh so much that so and I looked this up the other day this is why I have it um when David Glass bought the Royals hold on the which was it wasn’t a lifetime ago cuz he sold him for a billion dollars six years ago or whatever um to John Sherman so David Glass by the way this is to your point that franchises at one point were undervalued and I understand it’s the Royals i understand it’s small market i get it it’s still one of 30 major league baseball teams right um and it’s a team that has some history had won a World Series he bought the Royals not in 1954 he bought the Royals in 2000 and you know like how did David Glass get the money for buying the Royals and it’s well he was the CEO of Walmart which obviously is a high paying job but usually like CEO is not highpaying enough to buy professional sports team except for the fact that in the year 2000 the Kansas City Royals were sold for $96 million isn’t that crazy like can you believe it like can you believe it 2000 that it’s quarter century ago a professional baseball team like what’s it worth i don’t know certainly not a hundred million that’s crazy and like the it’s it is the Royals were sold for slightly more than Juan Sodto will make in a year it’s just banana and then he sold it for a billion uh six years ago and now they’re probably worth two just because the like you’re saying the price of these franchises it’s also why for the cheap baseball owners I’ve always been frustrated because they’re like well you know you know we don’t have to make money but we can’t be losing money i’m like man the money you are making is on the eventual cash out in that you are going to 10x this with inevitability and the value of the sports team is the fact that there are every super rich guy in the world can buy a yacht every super rich guy in the world can buy the sick house and the fanciest cars all of it the the exclusivity of you want to you know sit courtside at the NBA games as the team owner you want to be in the luxury box as the team owner you know at a football game well there’s only 30 spots or there’s only 32 spots that’s what people are paying for yeah it I I I’ve always thought this stuff um is undervalued and and that’s not a shot when I talked about the Celtics going for six billion um I think if I have Jason Tatum and Jaylen Brown and the best young GM arguably outside of Oklahoma City and Brad Stevens that has to be considered all of it’s considered um and it’s I mean a company’s as valuable usually as their technology and their people and so when you have you know when you have stars in their prime that adds value to it i mean right but it is but it is crazy and then we can move on how quick when Balmer bought the Clippers yes 10 years ago people freaked out it was two billion and I remember going on the air saying “Exactly right it doesn’t matter that he overpaid he paid cash so it’s a true two billion.” Secondly he’s never selling it so it will be worth 10 billion in the future he’ll make five times the money and as long as it works on an operating level on a on a positive cash flows a dollar a year it’s a steal at $2 billion in the LA market and now you play in the same now now they built their own arena now but and also you have to remember about Balmer i read a story once about uh Steve Balmer’s net worth he makes I I I I swear to God he makes a billion dollars a year on his Microsoft dividends oh I buy that his dividends so it’s like guys if the the idea that these guys like Mark Walters doesn’t know what he’s doing like they know what they’re doing well the and again it’s just the the NBA franchise values going like this this quickly where 10 years ago 2 billion for a team in the number two market that at the time had stars you know it’s not like the Clippers were that was the Lob City era um and then a couple years ago the Hornets sell for three billion and it like and now the and the Prestige franchises here’s the other interesting angle to this man lebron has always said “I want to buy a team i’m going to buy a team i’m going to buy a team.” Man it the expansion fee is going to be $6 billion like no m I know LeBron has done incredibly well and all that but like he doesn’t have billions with a plural also how much I mean the truth is when Mark Cuban bought the Mavericks he only owned 51% so none of these guys own all of it right yeah i mean it’s it’s Elon Musk when he bought X or Twitter he had he had Saudi money he had also he didn’t buy all of it he’s not going to spend all his c4 billion he didn’t have $44 billion of cash everything the smartest people in the world get good rates everybody i mean you know when I hear people b pay off their home that’s what normal people do rich people don’t pay off anything they don’t pay off anything right what do they do share the secrets people aren’t supposed to pay off their home what are you supposed to do well I mean it’s just when you can make 9% in the market and and your rates and 5% okay sure so the rich are borrowing money for everything and they don’t you know they’re not giving you all their cash they want to be as liquid as they can to buy other stuff [Music]

Colin Cowherd is joined by Nick Wright to react to the sale of the Los Angeles Lakers, what this means for LeBron James and Luka Doncic, and more NBA news.

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