LA Lakers $12.5B Acquisition Engine

Bob Iger & Josh Kushner Acquisition Valuation & Capital Structure Model
Scenarios:
Implied Equity Required
$8.75B
70.0% of Capital Stack
Implied Debt Leverage
$3.75B
30.0% of Capital Stack
EV / Revenue Multiple
22.73x
vs $550M Est. Revenue
vs Phoenix Suns Comp
+212.5%
Suns sold at $4.0B (2023)
Capital Structure Waterfall & Ownership Stack
D3 Interactive Stack Breakdown
Historical Sports Sales Comps (EV vs Revenue Multiple)
Scatter Plot Analysis
Transaction Analysis & Debt Coverage Summary
Under the baseline deal model, the Los Angeles Lakers transaction evaluates to an Enterprise Value of $12.50B with an EV/Revenue multiple of 22.73x based on $550M annual revenues. Implied equity is $8.75B (70%) and debt leverage is $3.75B (30%), resulting in +212.5% premium over the Phoenix Suns' $4.00B benchmark.
Financial Metric Current Model State Suns Benchmark ($4B) Mavericks Comp ($3.5B)
Enterprise Valuation $12.50B $4.00B $3.50B
Implied Equity Required $8.75B $2.80B (70%) $2.45B (70%)
Debt Service Obligation (Annual) $243.8M $78.0M $68.3M
Iger GP Equity Contribution $4.38B N/A N/A
Kushner GP Equity Contribution $4.38B N/A N/A
Year 5 Projected Revenue (at Growth Rate) $808.1M N/A N/A
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