Lakers sold for $12.5 billion following LeBron James' departure

The Los Angeles Lakers have sold for a record $12.5 billion, less than two years after being purchased for $10 billion. The sale marks a significant increase in the franchise's value since LeBron James joined the team in 2018, when the Lakers were valued at approximately $3.3 billion. LeBron's tenure saw the Lakers win an NBA Championship in 2020 and contributed to a major rise in valuation. Luka Doncic is now viewed as the team's cornerstone star. Mark Walter’s sale to new ownership generated a substantial profit and reflects the ongoing changes within the organization.

• 6:39 AMYahoo Sports — How much were LA Lakers worth when LeBron James joined in 2018 amid $12.5 billion shock sale