Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
LA Lakers to be sold in record-breaking $10B deal
The Freeman
|June 20, 2025
The Los Angeles Lakers are being sold in a record-breaking $10 billion deal that makes the iconic franchise the highest-valued sports team in US history, ESPN reported Wednesday (Thursday Philippine time).
-
The report said the Lakers owners, the Buss family, would sell their controlling interest in the team to billionaire Mark Walter, who already owns a minority stake in the franchise.
The sale of the club smashes the previous highest figure paid for a US sports team, the $6.1 billion paid for the Boston Celtics earlier this year.
While Jeanie Buss would continue as Lakers governor, the deal ends the Buss family’s 46-year reign over the NBA giants.
This story is from the June 20, 2025 edition of The Freeman.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Freeman
The Freeman
Vehicle sales dip 4% in September
MANILA — The automotive industry’s sales declined for the third consecutive month in September due to unfavorable weather conditions.
1 mins
October 25, 2025
The Freeman
'Suspend water rate hike move'
However, MCWD spokesperson Minerva Gerodias, in a statement on Thursday, October 23, acknowledged the city’s concern but defended the increase, saying it was “long overdue.”
2 mins
October 25, 2025
The Freeman
Unnecessary for now
According to a report in this newspaper, Cebu 5th District Rep. Vincent Franco “Duke” Frasco renewed his proposal for the construction of a secondary airport in Cebu, preferably in Sogod town, saying the recent earthquake exposed the province’s vulnerability and need for an alternative gateway aside from the Mactan-Cebu International Airport (MCIA).
1 mins
October 25, 2025
The Freeman
Minglanilla resident loses P120K to burglar
More than P120,000 in cash was stolen by an unidentified burglar who reportedly robbed a house inside a subdivision in Barangay Tubod, Minglanilla, Cebu, on Thursday, October 23.
1 min
October 25, 2025
The Freeman
Protesters hit inaction on accused lawmakers
Frustrated that no one has been held accountable more than two months since the corruption probe into public works projects began, progressive groups stormed the Independent Commission for Infrastructure's office in Taguig City on Friday, demanding transparency and urgency in the investigation.
2 mins
October 25, 2025
The Freeman
The ground is shifting
In the coming weeks or a couple of months, expect cases to be filed and arrest warrants to be issued against contractors and politicians tied to the trillion-peso flood control projects scandal.
3 mins
October 25, 2025
The Freeman
Mandaue City Central School for retrofitting
NOT FOR DEMOLITION
2 mins
October 25, 2025
The Freeman
NBA coach, player arrested
Portland Trail Blazers head coach Chauncey Billups and Miami Heat guard Terry Rozier were arrested
1 mins
October 25, 2025
The Freeman
Mobile kitchen and #No Hunger Cebu!
During our July 29 brief meeting with Gov Pam, RCE Cebu also suggested that these mobile health-kitchen rollouts should also be accompanied by trainings for household/community gardens, other waste management options for livelihood and climate action to encourage constituents to raise their own household food for their own needs or for trading, to cook their own grown food with charcoal produced from paper waste, and to practice ecobricking, to avoid polluting their rivers and communities.
1 min
October 25, 2025
The Freeman
Webmasters repeat over Wildcats, Dragons stun Baby Lancers
The University of Cebu (UC) Webmasters whipped the Cebu Institute of Technology-University (CIT-U) Wildcats anew, 69-61, for their fourth consecutive victory in the Cebu Schools Athletic Foundation, Inc. (CESAFI) Season 25 basketball tournament on Thursday night, October 23, at the Cebu Coliseum.
1 mins
October 25, 2025
Listen
Translate
Change font size