Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › 'Jerry Maguire’ Inspiration on Lakers, Sports Valuations
Business & Finance

'Jerry Maguire’ Inspiration on Lakers, Sports Valuations

Bloomberg Markets Friday 21 August 2026, 21:15 UTC 1 min read
Key Points

Leigh Steinberg, legendary sports agent and founder of the Leigh Steinberg Foundation, spoke about the unprecedented valuations in the sports industry, highlighting the ongoing Los Angeles Lakers sale currently valued at $12.5 billion. He emphasized the dramatic increase in franchise values over the decades, noting that when he started in 1976, NFL expansion teams were purchased for $16.5 million, compared to recent sales reaching into the billions. He speaks with Romaine Bostick on "The Close."

Leigh Steinberg, legendary sports agent and founder of the Leigh Steinberg Foundation, spoke about the unprecedented valuations in the sports industry, highlighting the ongoing Los Angeles Lakers sale currently valued at $12.5 billion. He emphasized the dramatic increase in franchise values over the decades, noting that when he started in 1976, NFL expansion teams were purchased for $16.5 million, compared to recent sales reaching into the billions. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)
Jerry Maguire (PERSON) Lakers, Sports Valuations (ORG) Leigh Steinberg (PERSON) the Leigh Steinberg Foundation (ORG) Los Angeles (LOCATION) NFL (ORG) Romaine Bostick (PERSON)
Originally published by Bloomberg Markets Read original →

Related Stories

Moderna, Merck Cancer Vax Gives Hope

Scientists are on the cusp of fulfilling a decades-long quest: to use vaccines to teach the immune system to spot and destroy cancer cells. News that an mRNA cancer vaccine developed by Merck & Co. and Moderna Inc. kept melanoma from returning in a large, late-stage trial marks a critical next chapter for a technology beleaguered by post-pandemic political backlash and years of false starts before then. Bloomberg Opinion Columnist Lisa Jarvis writes "Moderna and Merck's Cancer Vaccine Is a...

Bloomberg Markets 21m ago

Anthropic IPO filing will show AI backlash as a risk factor, sources say

Anthropic is poised to hit the public market at a time when an increasing number of Americans are worried about artificial intelligence and are loudly opposing new data centers. That backlash is expected to be a key risk factor in Anthropic's IPO prospectus, according to people familiar with matter. The Claude creator has been holding preliminary "test-the-water" meetings with bankers and investors in San Francisco, said the people, who asked not to be named because the sessions are...

CNBC 24m ago

TikTok, ByteDance agree to US$400 million settlement with US over children’s privacy suit

BreakingTikTok, ByteDance agree to US$400 million settlement with US over children’s privacy suit TikTok will pay US$300 million immediately and an additional US$100 million after entering an order vacating a prior consent decree TikTok and its Chinese parent ByteDance have agreed to pay US$400 million to settle a US Justice Department lawsuit accusing the video-sharing app of violating children’s online privacy laws, resolving a major federal case as the platform’s American operations...

South China Morning Post 34m ago

Liquid Death CEO on Viral AI Data Center Ad, IPO Odds

Mike Cessario, Founder and CEO of Liquid Death, joined the program to discuss the growing public sentiment against the rapid expansion of data centers. Despite widespread interest in AI investments, the mood around data center growth has been notably negative. He speaks with Romaine Bostick on "The Close."

Bloomberg Technology 38m ago