Skip to content
CurrentWire

The stories shaping the United States, Canada, and the world.

TechnologyUnited States

The Lakers have become a poker chip for some of the most powerful men in America

One of the most famous teams in the world is about to change hands for the second time in less than a year for more than $12bn. Will anyone push back? One of the most brutal lessons we must learn as fans is that the team we shed blood, sweat and tears for is seen by those who own it as just one of many assets. That gap has never felt as wide as it does this week. On Wednesday, ESPN reported that the Los Angeles Lakers are set to change hands, for the second time in 10 months, for $12.5bn, a sum…

The Guardian

Published Aug 13, 2026 at 11:12 AM ET

Summary based on reporting from The Guardian.

The Lakers have become a poker chip for some of the most powerful men in America
Read the full report at The Guardian(opens in a new tab)

CurrentWire is a news discovery platform. This page summarizes and links to original reporting; full articles, imagery and copyright remain with the publishers listed above.