Record Sale

The Lakers are money-makers.

A majority stake of the NBA’s Los Angeles Lakers is being sold to Mark Walter at a $10B valuation, the highest ever for a U.S. sports franchise. Jeanie Buss, whose father Jerry purchased the Lakers and LA’s hockey team for a combined $67.5M in 1979, will continue running the team for a while.

Walter’s a big sports fan; he also has ownership stakes in the LA Dodgers (MLB), LA Sparks (WNBA), Chelsea F.C. (Premier League Soccer), Cadillac’s Formula 1 team, and others.

Game 7 of the NBA finals is happening Sunday, after the Indiana Pacers staved off elimination by the Oklahoma City Thunder last night. Meanwhile, after beating the Edmonton Oilers Wednesday night, the Florida Panthers won their second consecutive Stanley Cup trophy (which they promptly dented).

Verse to consider when you find yourself consumed by sports or high-dollar deals… “Set your minds on things above, not on earthly things. For you died, and your life is hidden with Christ in God. When Christ, who is your life, appears, then you also will appear with him in glory.” 
Colossians 3:2-4 (CSB) (read full passage)