Private Equity Group Aims for Revamp in Sports Ownership

A new private equity group is proposing a fresh framework for sports ownership. It plans to invest billions to establish its presence in this lucrative field.

Ownership of the Los Angeles Lakers is experiencing another shift. This marks the second change in under a year.

For almost 50 years, the Lakers’ ownership was stable. This changed as professional sports became more economically complex, leading to multiple ownership transitions within a single year.