Walkers big boss Herb Simon with 5The $25.5 billion stake in the 15% Pacers was purchased by Steven Rales, the team's small owner. That means the Pacers are valued at a whopping $3.5 billion in this deal, which is comparable to that of the Cuban Mavericks.
However, according to the 2023 Forbes NBA team valuation list, the Mavericks are valued at $4.5 billion, while the Pacers are valued at $2.9 billion. These numbers show that NBA teams are valued at an accurate level**.
Steven Rales, who bought a stake in the Pacers, is a billionaire with a net worth of about $8.4 billion, ranked 254th on the 2022 Forbes list of the world's richest people, and co-founded Danaher, the world's largest instrument company, with his brother. After the completion of this transaction, the majority shareholder of the Pacers will remain Herb Simon.
At the same time, there has been a series of deals within the NBA league for team owners** shares or entire teams. In 2023, the big owners of 5 teams have **shared, or even ** the entire team. In addition to the Pacers and Mavericks, the Suns, Bucks and Hornets made similar trades. It is worth mentioning that the valuation of the Suns has increased from $400 million in 2004 to $4 billion.
At the same time, the Bucks' valuation has increased from 5$500 million increased to $3.5 billion. The changes in the amount and value involved in these transactions have attracted attention and heated discussions. In January, the Matt Ishbia brothers officially acquired the Phoenix Suns, which reached a valuation of $4 billion.
In 2004, Robert Savor bought the Suns for $400 million, and he personally contributed $200 million, and after this time, his stake became $1.4 billion. Subsequently, Bucks owner Mark Lasry gave his Bucks shares** to Jimmy Haslam at a valuation of $3.5 billion. Lasri holds 25% of the shares worth 8$7.5 billion. These numbers also reflect the growing valuations of NBA teams.
It is worth mentioning that the daughter of the Bucks owner has nothing to do with this transaction, she is the daughter of Adens. Overall, changes in NBA team valuations and frequent owner trades have had a great impact and concern on the outside world. Not only do these deals involve huge sums of money, but they also reflect changes and developments within the NBA league. In the 2013-14 NBA season, the Bucks had the worst record in franchise history with a terrible 15-67 record.
Five years later, in 2018, the Bucks' new arena was put into use, and three years later, in 2021, the Bucks actually won the championship. Behind this honor is a successful investment operation. Lasri made a very successful deal by selling the team at a low price and then cashing out at a high price as the team's valuations soared.
In July 2023, Michael Jordan ended his 13-year career as the Hornets' big boss by selling the Charlotte Hornets to a consortium led by Gabe Protkin and Rick Schnar at a valuation of $3 billion. Looking back at 2010, Jordan ended with 2$7.5 billion to buy a majority stake in the Hornets.
13 years have passed, and Jordan's 2The $7.5 billion investment turned into $3 billion, making it the biggest winner of the deal. Just a few days ago, in November 2023, Mark Cuban took a majority stake in the Mavericks, valuing the team at $3.5 billion. Looking back at 2000, the Kuban ended with 2$800 million to buy the Mavericks.
23 years have passed, and the Kuban 2The $800 million investment turned into $3.5 billion, which is a significant investment. The decision of the Cuban team came as a surprise, as he has long been considered one of the most fanatical owners in the NBA. So why are Jordan and Cuban selling their teams?In the most recent year, the Mavericks' valuation has increased by 36%, while the Hornets have skyrocketed by a full 76%.
They seem skeptical of the continued surge in NBA valuations. Since 2021, the NBA has been seeking a $75 billion TV broadcast contract, but has yet to sign it. Over the years, the NBA has become more and more commercialized, and while the league is ostensibly thriving, it is also gradually losing the essence of competitive sports.
If there are no new stars in the NBA after the retirement of stars such as James, Curry, and Durant in the future, then the situation in the league may change dramatically......