FRIDAY PRESS REVIEW - June 27 2025
Here are some of the most interesting articles of the last weeks selected by The Consultancy Group:
MARK WALTER BUYS LOS ANGELES LAKERS FOR $10 BILLION, ENDING BUSS FAMILY’S 46 YEARS REIGN.
SPORT - In a record-breaking deal, Mark Walter and his group TWG Global have purchased the Los Angeles Lakers for around $10 billion. This marks the most expensive franchise sale in American sports history. Though the Buss family steps back after 46 years of ownership, Jeanie Buss will remain governor of the team for several more years. More HERE
LVMH INVESTS $1.5 BILLION IN FORMULA 1 TO FUSE LUXURY BRANDING WITH INNOVATION AND PERFORMANCE.
SPONSORING - Since 2025, LVMH has entered a major 10 years partnership with Formula 1, investing $1.5 billion to boost the visibility of its brands like Louis Vuitton, TAG Heuer, and Moët Hennessy. This collaboration merges the worlds of high-end luxury and cutting-edge motorsport, creating exclusive experiences that emphasize elegance, innovation, and performance. More HERE
LIBERTY MEDIA ACQUIRES 84% OF MOTOGP TO EXPAND GLOBAL REACH AND AUDIENCE GROWTH BY 2025.
MÉDIA - Liberty Media, already owner of Formula 1, is expanding its sports media portfolio by acquiring 84% of Dorna Sports, the commercial rights holder of MotoGP. Approved by the European Commission, the deal will close by July 2025. The goal is to grow MotoGP’s global influence and fan base, while maintaining leadership under Carmelo Ezpeleta. More HERE