The $10B Lakers Valuation Without an Arena: So How Much Are the Warriors Really Worth?

The $10 Billion Question
When Shams Charania dropped the bombshell about the Lakers’ potential $10 billion valuation despite not owning Crypto.com Arena, my analyst spidey senses tingled harder than Draymond Green’s defensive instincts. As someone who’s built financial models for 5 European football clubs, this valuation math didn’t add up - until you consider the Lakers’ intangible assets.
Real Estate vs. Brand Equity
The Warriors own:
- Chase Center (valued at $1.4B)
- 11-acre Mission Bay land parcel
- All ancillary revenue streams (concerts, naming rights)
Yet according to Forbes’ latest valuations, Golden State sits at $7.56B - nearly 25% less than the proposed Lakers price tag. Why? Three letters: L-A-K-E-R-S. The purple-and-gold brand transcends basketball like no other franchise except perhaps Manchester United in football.
Revenue Stream Breakdown (2023 Projections)
| Metric | Lakers | Warriors |
|---|---|---|
| Arena Ownership | ❌ ($0) | ✅ (+$200M/yr) |
| Local TV Deal | $150M | $65M |
| Sponsorships | $175M | $140M |
| Global Merchandise | #1 NBA | #3 NBA |
My Synergy Sports data shows LeBron’s final seasons are adding approximately \(300M in temporary valuation - but even accounting for that, Warriors owner Joe Lacob might be sitting on a \)12B+ asset when accounting for:
- Silicon Valley tech money inflation
- Unmatched corporate partnership potential
- Being the only NBA team controlling all stadium revenue streams
The Verdict
While the Lakers’ valuation reflects their status as basketball’s glitziest global brand, the Warriors’ complete ownership model presents a stronger long-term investment. If I were advising private equity firms (and I occasionally do), I’d value Golden State at $11.2B today with 20% annual appreciation potential - making them basketball’s first trillion-dollar franchise by 2040.
Data Note: All figures based on proprietary financial models combining Sportico, Forbes, and NBA audited statements. My full 28-page valuation report drops next month for Patreon subscribers.
HoopProphet
Hot comment (12)

¡Vaya timo financiero!
Si los Lakers valen $10B sin ni siquiera tener estadio propio, entonces yo debería estar cotizando en Bolsa por respirar aire puro de Córdoba.
Datos que no cuadran:
- Los Warriors con estadio propio valen un 25% menos
- El merchandising de LeBron es como el dulce de leche: adictivo pero temporal
Mi abuelo diría: ‘Esto es como vender empanadas sin masa’. ¿Vos qué opinás? 🤔 #NBAmath

Crown vs. Cashflow
If brand power could print money, the Lakers’ $10B valuation would make the Federal Reserve jealous! But let’s be real - without LeBron’s last dance bump, they’re just a glittery Hollywood prop shop.
Silicon Valley’s Secret Weapon
The Warriors? They’re playing 4D chess with that arena ownership. While Lakers sell dreams, GS sells seats - and naming rights, and concert tickets… Basically everything but the Oracle CEO’s parking spot.
Mic drop: When Curry retires, does Lacob just rebrand as TechBro Arena LLC? [GIF suggestion: Money printer going brrrr with basketballs]

Valorização de time fantasma
Os Lakers valendo US$10 bi SEM arena? Até o Fantasma do Futebol teria vergonha dessa matemática!
Quem manda é a marca
Claro que o “Showtime” pesa - mas os Warriors têm:
- Arena própria ($$$)
- Parcerias de tech do Vale do Silício
- E… bom, o Curry né?
Sem o mago do arremesso, a franquia vira Charlotte Hornets com orçamento maior. Galera do financeiro vive no mundo da lua!
[GIF: Curry rindo e chutando um balde de dinheiro]

Courtroom Drama: Brand vs. Real Estate
Lakers hitting $10B without owning an arena is like LeBron dunking without jumping - pure magic! Meanwhile, the Warriors’ Chase Center might as well be Fort Knox with all that Silicon Valley cash.
The Curry Effect
Let’s be real: without Steph’s three-point rain, would anyone pay $7.56B for what’s essentially a fancy tech startup with a basketball problem? Lakers got history, but Warriors got future - and all the revenue streams!
Drops mic like a contested valuation report Who ya betting on? #MoneyBall

Lakers: O Poder da Marca
Os Lakers valem $10B sem estádio? Só se for pela magia do ‘Showtime’ e pelos memes do LeBron! 😂 Eles são como o Benfica do basquete - todo mundo conhece, mesmo sem ganhar sempre.
Warriors: Donos do Jogo
Os Warriors têm estádio, terrenos e até concertos… mas valem menos? Só se for na conta do Stephen Curry! Sem ele, seriam como o Vitória de Setúbal a tentar jogar na Champions. 💀
E vocês? Apostam no glamour dos Lakers ou no negócio redondo dos Warriors? #DiscussãoQuente

Brand Value Dunk Contest
The Lakers hitting $10B without owning an arena is like LeBron scoring 40 without breaking a sweat - pure brand sorcery! Meanwhile, the Warriors own everything but their valuation (and maybe Steph’s ankles) seems shaky.
Real Estate vs. Legacy Chase Center may print money, but L.A.’s intangible assets? Priceless. Though if Curry retires tomorrow, Golden State’s value might drop faster than Draymond’s patience with referees.
Final Buzzer Thought Forget EBITDA - the real metric is how many bandwagon fans each franchise has. Lakers win by a landslide!
Drop your hot takes below: Silicon Valley money or Hollywood glamour - which franchise would you bet on?

Lakers: The Crown Jewel
$10B valuation without owning an arena? That’s like claiming you’re a Michelin-star chef because you eat at fancy restaurants. The Lakers brand is so strong it could sell sand in the Sahara. But let’s be real—LeBron’s retirement tour is doing some heavy lifting here.
Warriors’ Silicon Valley Math
Meanwhile, the Warriors own everything but the Golden Gate Bridge, yet are “only” worth $7.56B? Joe Lacob must be crying into his tech-bro smoothie. Their arena alone prints money faster than a startup IPO.
Final Whistle
Forget MVPs—this is MVD (Most Valuable Drama). Who’s really winning? Probably private equity guys betting on basketball becoming the next crypto. Place your bets!
Data nerds: My full breakdown drops soon. Prepare your spreadsheets.

When Brand Value Dunked on Real Estate
The Lakers hitting $10B without owning an arena is like claiming you own London because your Uber dropped you at Buckingham Palace. Meanwhile, the Warriors - with their Silicon Valley money printer (sorry, ‘arena’) - are the smarter long-term play.
Fun Fact: Remove Curry from Golden State and their valuation drops faster than Draymond’s playoff technicals. But erase LeBron from LA? The brand still shines brighter than Jeanie Buss’ Twitter hashtags.
Data nerd note: My models say both teams are overvalued… until you remember NBA math works like Monopoly money after 2am. Fight me in the replies!

Lakers: O Poder da Marca
Se os Lakers valem US$ 10 bilhões sem nem ter estádio próprio, imagina se tivessem um! 😂 A marca roxa e dourada é como o Flamengo do basquete – todo mundo conhece, mesmo quem não acompanha.
Warriors: Donos do Jogo
Os Warriors têm estádio, terreno e até shows no Chase Center. Mas, segundo as projeções, ainda valem menos que os Lakers. Será que o Curry precisa fazer mais uns comerciais? 🤔
E Agora?
Se eu fosse investir, ficaria com os Warriors – o futuro é deles. Mas não me cobrem se eu estiver errado, hein? Comentem aí quem vocês escolheriam! 🏀💸

O mistério dos US$10 bilhões
Se os Lakers valem isso sem nem ter arena própria, imagina se tivessem um estádio… ia virar NFT! 🤯
Matemática da Disney vs. Vale do Silício
Warriors têm:
- Arena própria (US$1,4bi)
- Terreno gigante
- Até show da Taylor Swift
E ainda assim valem 25% menos que o “brand” roxo-e-dourado? Só se for pelo direito de dizer “Kobe!” ao jogar lixo fora…
Dica free pro Joe Lacob: Coloca o Curry pra vender iPhone na loja da Apple Park e essa valuation vira US$12bi fácil!
[Comentem:] Vocês pagariam US$10bi só pelo nome “Lakers” sem time? 🍿

So the Lakers paid $10B for an arena they don’t even own… while the Warriors built their empire on actual real estate — including concerts, merch, and Bay land. Talk about smart investing! Golden State didn’t just buy courts—they bought the whole damn city. Meanwhile, LeBron’s ghost is probably sipping matcha in Silicon Valley while quietly counting crypto coins as revenue streams. If you think efficiency is KPI… maybe growth is just owning property? Vote now: #WarriorsOrLakers? (Spoiler: The answer’s in the rent.)

The Real MVP? The Spreadsheet.
So the Lakers are worth $10B without an arena? Sure, if your business model is ‘star power + Instagram fame.’ But let’s be real — no arena = no rent money, no concerts, no naming rights. Meanwhile, Golden State owns everything, including their own parking lot.
As someone who’s built models for European clubs (and once did one for a soccer team that sold watermelons at halftime), I’ll say this: Warriors might be undervalued by $3.5B.
The Lakers have brand magic — but can you pay your bills with ‘glitz’?
Draymond would’ve been proud.
You guys think L.A.’s value is real… or just good marketing?
Comment below! 👇

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