The Daily

When Private Equity Comes for Your Favorite Team

August 21, 2026·34 min·5-min readnarrativenews
Podzilla Summary (5 min)
TLDR
The sale of the Los Angeles Lakers for $12.5 billion signals a seismic shift in professional sports, where institutional investors — not passionate individuals — now drive team ownership, raising concerns about the future of fan loyalty, competitive integrity, and whether sports valuation

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Guest

P

Pablo Torre

narrative on The Daily

Mentions

Books, people, and resources mentioned in this episode.

People

Pablo TorreMark WalterJosh KushnerBob Iger

Companies

Guggenheim PartnersThrive CapitalApollo Global ManagementDisney

Topics

Business NewsEconomicsInequalityInvestigative JournalismLong Form JournalismSports BettingUs Politics

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