Here's your Forbes Daily Briefing for Saturday, October 25th. Today on Forbes, the most valuable NBA

teams 2025. Private Equity billionaire Mark Walters agreement in June to buy the Los Angeles

Lakers at a $10 billion valuation, currently awaiting approval by the NBA, is set to establish a record

sale price for a control stake in any sports team. Yet for all the attention the deal has

attracted, the Lakers are not even the most valuable team in their league. For the fourth year in a row,

that honor belongs to the Golden State Warriors, who Forbes estimates

could fetch $11 billion if owners Joe Lacob and Peter Goober were willing to part with them.

No other NBA team was within $300 million of the Warriors' estimated $880 million in revenue

last season, with the club far outpacing the rest of the league with

its income from sponsorships and premium seating, and ranking in the top three in virtually

every category tracked by Forbes.

In fact, Golden State more than doubled the $417 million league average for total revenue,

and compared with the other North American sports leagues,

the Warriors surpassed every franchise except the NFL's Dallas Cowboys, who topped $1.2 billion

in 2024 revenue. Despite that financial muscle, not all NBA insiders agree that the Warriors

should sit above the Lakers in the ranking of the league's most

valuable teams, or, for that matter, above the New York Knicks, which land at number three on

Forbes's 2025 list at $9.75 billion. Then again, not everyone believes the Lakers are actually

worth the $10 billion that Mark Walter, who is also the controlling owner of

MLB's Los Angeles Dodgers, was willing to pay. Some bankers, for instance, suggest the

club's true value might be better captured with a blended valuation, perhaps between $8 and $9 billion,

that reflects both this year's purchase and Walter's initial 2021 deal for a minority stake in the

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