Fmr. NBA Executive: Lakers a ‘Special Asset’ in Sports

Bobby Sharma, Founder and Managing Partner at Bluestone Equity Partners, discussed the recent $12.5 billion valuation of the Los Angeles Lakers, highlighting the extraordinary price and the broader trend of sports becoming institutionalized investment assets. Sharma emphasized that the Lakers represent a unique global intellectual property asset, far beyond a local community team, which justifies a scarcity premium. He speaks with Romaine Bostick & Isabelle Lee on "The Close." (Source: Bloomberg)