Lakers' $10B Sale: A New Era Begins 🏀

Author

Ryan Serkes
June 19, 2025

The
Daily Trade

Hey Daily Traders,

The Los Angeles Lakers are entering a new era as the Buss family agrees to sell their controlling stake to Mark Walter, CEO of TWG Global, valuing the franchise at a record $10 billion. This monumental sale not only underscores the Lakers' global brand appeal but also marks a significant shift in the NBA's ownership landscape, with Walter expected to leverage his sports industry expertise to further elevate the team.

In Pennsylvania, researchers are pushing for new markets for switchgrass, a versatile crop with environmental benefits, yet hindered by a lack of established buyers. Meanwhile, Oklahoma is ambitiously positioning itself as a critical minerals processing hub, aiming to reduce U.S. reliance on Chinese supplies and support the burgeoning demand in battery and renewable energy sectors.


Here's what's happening today:

  • 🏀 Lakers' ownership changes hands in $10B deal
  • 🌾 Switchgrass research aims to boost its market
  • 🔋 Oklahoma aims to lead in minerals processing
  • 🎁 +10 more business & investing news stories you might like
  • 📊 +4 technical analysis results

Question

Do you think Mark Walter's acquisition of the Lakers will positively impact the team's future performance and global brand, or should the Buss family have retained control?

Reply to this email with your answer

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Sports

The Buss family has agreed to sell the controlling stake of the Los Angeles Lakers to Mark Walter, CEO of TWG Global, with the franchise valued at $10 billion. Jeanie Buss will remain as governor, continuing her family's long-standing association with the team, which began when her father acquired the Lakers in 1979. This deal marks the highest valuation for a professional sports franchise, highlighting the immense value and global brand appeal of the Lakers.

Walter, who already owns stakes in several sports franchises including the Los Angeles Dodgers and Chelsea FC, is expected to bring his expertise to further elevate the Lakers. While specific details of the stake acquired by Walter have not been disclosed, this move signifies a major shift in the ownership landscape of one of the NBA's most storied teams.

Key Takeaway
  • The sale of the Lakers to Mark Walter at a $10 billion valuation underscores the lucrative potential of investing in sports franchises.
  • It presents an opportunity for investors to explore the sports sector as a growing and valuable asset class.
Agriculture

Researchers and farmers in Pennsylvania are exploring new markets for switchgrass, a versatile crop with applications such as soil erosion prevention and animal bedding. Despite its benefits, switchgrass is not widely grown due to the lack of established markets and buyers. Initiatives led by Northeast Sustainable Agriculture Research and Education (SARE) aim to change this by developing faster-growing strains and providing grants to farmers.

Switchgrass offers numerous advantages, including its ability to grow on rocky, untillable soil and its low fertilizer requirements. However, the crop takes years to mature, and finding buyers remains a challenge. Efforts continue to establish viable markets and explore new uses for switchgrass, which could position it as a sustainable alternative to traditional crops.

Key Takeaway
  • Switchgrass represents a potential investment opportunity in sustainable agriculture.
  • As research and market development continue, investors could benefit from supporting initiatives that aim to expand the use and profitability of this resilient crop.
Energy

Oklahoma is positioning itself as a hub for critical minerals processing in the United States, with facilities focused on refining nickel and lithium, among other minerals. Despite challenges such as a lack of major mineral deposits and a weak education system, the state offers strategic advantages like a skilled workforce, financial incentives, and a central location with access to transportation networks.

Investors are drawn to Oklahoma's streamlined regulatory process and the state's commitment to supporting new industries. The development of these facilities is crucial for reducing U.S. dependence on Chinese mineral supplies, particularly for sectors like battery production and renewable energy. As the demand for critical minerals grows, Oklahoma's efforts could significantly impact the U.S. economy and energy transition.

Key Takeaway
  • Oklahoma's push into critical minerals processing offers a strategic investment opportunity in the energy transition sector.
  • By reducing reliance on foreign supplies, the state is poised to become a key player in the U.S. minerals market, attracting both domestic and international investors.
Partner

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More Business & Investing news


  • 🏠 Greystone extends credit line for housing projects (Link)
  • 🛢️ Next Bridge updates on SEC filings (Link)
  • 🎓 Crowdfunding rises for college tuition (Link)
  • 🏥 New owner for stalled nursing home project (Link)
  • 🏢 Anywhere prices $500M in senior notes (Link)
  • 🏘️ PNC launches $208M affordable housing fund (Link)
  • 📶 Gogo achieves milestone with 5G call (Link)
  • 💊 Caris Life Sciences IPO priced at $21/share (Link)
  • 🏦 Hoyne Bancorp files for IPO (Link)
  • 📦 Savannah logistics facilities completed (Link)

Today's Technical Analysis



Overvalued
INSM
Insmed, Inc.
Volume: 2.27M shares | Price: $99.46

Technical Indicator Score: 88% Sell
Out of the 8 technical indicators used to analyze this stock, 7 indicated sell signals, 1 indicated a neutral signal.
RSI
Sell
MFI
Sell
WillR
Sell
AO
Sell
CCI
Sell
BBANDS
Hold
ULTOSC
Sell
STOCH
Sell

Overvalued
MP
MP Materials Corp.
Volume: 18.8M shares | Price: $37.22

Technical Indicator Score: 88% Sell
Out of the 8 technical indicators used to analyze this stock, 7 indicated sell signals, 1 indicated a neutral signal.
RSI
Sell
MFI
Sell
WillR
Sell
AO
Sell
CCI
Sell
BBANDS
Sell
ULTOSC
Hold
STOCH
Sell

Overvalued
USO
United States Oil Fund, LP
Volume: 36.72M shares | Price: $82.27

Technical Indicator Score: 88% Sell
Out of the 8 technical indicators used to analyze this stock, 7 indicated sell signals, 1 indicated a neutral signal.
RSI
Sell
MFI
Hold
WillR
Sell
AO
Sell
CCI
Sell
BBANDS
Sell
ULTOSC
Sell
STOCH
Sell

Overvalued
PARR
Par Pacific Holdings, Inc. Common Stock
Volume: 2.2M shares | Price: $27.39

Technical Indicator Score: 88% Sell
Out of the 8 technical indicators used to analyze this stock, 7 indicated sell signals, 1 indicated a neutral signal.
RSI
Sell
MFI
Sell
WillR
Sell
AO
Hold
CCI
Sell
BBANDS
Sell
ULTOSC
Sell
STOCH
Sell

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Technical Indicator Information

Relative Strength Index (RSI) | Period: 14 days | Overvalued threshold: 70 | Undervalued threshold: 30

Money Flow Index (MFI) | Period: 14 days | Overvalued threshold: 80 | Undervalued threshold: 20

Williams Percent Range (WillR) | Period: 14 days | Overvalued threshold: -20 | Undervalued threshold: -80

Aroon Oscillator (AO) | Period: 14 days | Overvalued threshold: 75 | Undervalued threshold: -75

Moving Average Convergence/Divergence (MACD) | Period: 26/12/9 days | Overvalued threshold: MACD crosses below MACD Signal | Undervalued threshold: MACD crosses above MACD Signal

Stochastic Oscillator (STOCH) | Period: 14/3/3 days | Overvalued threshold: %K crosses below %D above 80 | Undervalued threshold: %K crosses above %D below 20

Commodity Channel Index (CCI) | Period: 20 days | Overvalued threshold: 100 | Undervalued threshold: -100

Bollinger Bands (BBANDS) | Period: 20 days | Overvalued threshold: price >= upper band | Undervalued threshold: price <= lower band

Parabolic Stop and Reverse (SAR) | Period: variable 50 - 100 days | Overvalued threshold: SAR crosses above price | Undervalued threshold: SAR crosses below price

Triple Exponential Average (TRIX) | Period: 15 days | Overvalued threshold: TRIX crosses below 0 | Undervalued threshold: TRIX crosses above 0

Ultimate Oscillator (ULTOSC) | Period: 28/14/7 days | Overvalued threshold: 70 | Undervalued threshold: 30

Directional Movement Index (DMI) | Period: 14 days | Overvalued threshold: PlusDI crosses below MinusDI | Undervalued threshold: PlusDI crosses above MinusDI

Average Directional Index (ADX) | Period: variable 14 days | Requirement: >= 25

Analysis is only performed on securities with market caps in excess of $100 million and with daily trade volume in excess of $50 million.

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