The Los Angeles Lakers have officially set a new benchmark in sports franchise sales, with the majority stake sold to Mark Walter for a stunning $10 billion. This sale surpasses all previous records, indicating just how valuable marquee sports teams have become. Walter, who also owns the Los Angeles Dodgers, will allow Jeanie Buss to maintain her position as governor of the Lakers, ensuring a continuity of leadership.

The Dallas Cowboys, valued at $10.1 billion by Forbes, highlight the potential for even higher valuations in the NFL, which is regarded as a more lucrative league than the NBA. Cowboys owner Jerry Jones, while not looking to sell, has set a precedent that underscores the financial growth of NFL franchises.