MLS’ Newest Billionaire Owner Thinks Investors Can Do Better Than Buying A Sports Team
The post MLS’ Newest Billionaire Owner Thinks Investors Can Do Better Than Buying A Sports Team appeared on BitcoinEthereumNews.com. When the Buss family sold a majority stake in the NBA’s Los Angeles Lakers last year to private equity billionaire Mark Walter at a $10 billion valuation, it appeared to be a spectacular windfall for a franchise the late Jerry Buss bought in 1979 for $67.5 million. But in the context of a half-century of a booming economy, that performance isn’t so remarkable, billionaire wealth advisor Peter Mallouk points out. The compound annualized return of the Lakers investment comes out to 11.5%, compared with 12.4% for the S&P 500 Index from 1979 to 2025 (including dividends)—meaning the same $67.5 million could have instead grown to $16 billion, even if it wouldn’t have come with the thrill of courtside seats to the Showtime Lakers and 11 NBA championship celebrations. “If you were evaluating it purely as investment,” says Mallouk, the 56-year-old CEO of Overland