The Seattle Seahawks just sold for $9.612 billion — the biggest price ever paid for an NFL team and the second-biggest for any sports franchise on Earth, landing within sight of the $10 billion Lakers deal that tops the all-time list. Two of the three largest team sales in history have now happened within about a year of each other, which tells you everything about where this market is going.
Here’s the full ranked list: every record-setting control sale, the minority-stake deals implying even crazier numbers, and why the next record is already inevitable.
The chart below covers the all-time ranked list, the stake market, and the economics driving it. Take a look, then we’ll break it all down.
Sports Business
The most expensive sports team sales ever
$10B
the Lakers: all-time record
$9.61B
Seahawks: #2, days old
2 of 3
top sales, within ~a year
$12.5B
a stake deal’s implied value
The all-time list: biggest control sales
| Rank |
Team (league) |
Price |
Year / buyer |
| 1 |
Los Angeles Lakers (NBA) |
$10B |
2025 — Mark Walter, from the Buss family |
| 2 |
Seattle Seahawks (NFL) |
$9.612B |
2026 — the Khosla family, from the Paul Allen estate (NFL record) |
| 3 |
Boston Celtics (NBA) |
Est. $6.1B |
2025 — Bill Chisholm’s group (with Mittal money aboard) |
| 4 |
Washington Commanders (NFL) |
$6.05B |
2023 — Josh Harris’s group, from Dan Snyder |
| 5 |
Denver Broncos (NFL) |
$4.65B |
2022 — the Walton-Penner group, from the Bowlen trust |
| 6 |
Portland Trail Blazers (NBA) |
$4.1B |
2025-26 — Tom Dundon’s group, also from the Allen estate |
| 7 |
Phoenix Suns (NBA) |
Est. $4B |
2023 — Mat Ishbia, from Robert Sarver |
| 8 |
Dallas Mavericks (NBA) |
Est. $3.5B |
2023 — the Adelson/Dumont families take majority from Mark Cuban |
| 9 |
Chelsea FC (Premier League) |
Est. $3.2B (+$2B+ pledged) |
2022 — Boehly/Clearlake, in the forced Abramovich sale |
| 10 |
Charlotte Hornets (NBA) |
Est. $3B |
2023 — Plotkin/Schnall, from Michael Jordan |
| 11 |
New York Mets (MLB) |
$2.42B |
2020 — Steve Cohen (still baseball’s record) |
| 12 |
Brooklyn Nets (NBA) |
Est. $2.35B |
2019 — Joe Tsai completes his buyout (arena bought separately) |
| 13 |
Carolina Panthers (NFL) |
$2.275B |
2018 — David Tepper, from Jerry Richardson |
| 14 |
Houston Rockets (NBA) |
$2.2B |
2017 — Tilman Fertitta, from Leslie Alexander |
| 15 |
Los Angeles Dodgers (MLB) |
$2.15B |
2012 — Guggenheim/Mark Walter, out of the McCourt bankruptcy |
| 16 |
Los Angeles Clippers (NBA) |
$2B |
2014 — Steve Ballmer, in the forced Sterling sale |
| 17 |
Baltimore Orioles (MLB) |
$1.725B |
2024 — David Rubenstein’s group, from the Angelos family |
| 18 |
Utah Jazz (NBA) |
Est. $1.66B |
2020 — Ryan Smith, from the Miller family |
| 19 |
Minnesota Timberwolves (NBA) |
Est. $1.5B |
2021-24 — the Lore/Rodriguez staged buyout (settled after arbitration) |
| 20 |
Buffalo Bills (NFL) |
$1.4B |
2014 — the Pegulas, from the Ralph Wilson estate |
| 21 |
Manchester United (Premier League) |
Est. $1.4B |
2005 — the Glazers’ leveraged buyout (the one fans still protest) |
| 22 |
Miami Marlins (MLB) |
$1.2B |
2017 — the Sherman/Jeter group, from Jeffrey Loria |
| 23 |
AC Milan (Serie A) |
Est. $1.2B |
2022 — RedBird Capital, from Elliott Management |
| 24 |
Kansas City Royals (MLB) |
$1B |
2019 — John Sherman, from David Glass |
| 25 |
Ottawa Senators (NHL) |
Est. $950M |
2023 — Michael Andlauer, from the Melnyk estate (an NHL record) |
| 26 |
Pittsburgh Penguins (NHL) |
Est. $900M |
2021 — Fenway Sports Group, from Lemieux/Burkle |
| 27 |
Chicago Cubs (MLB) |
$845M |
2009 — the Ricketts family, from the Tribune bankruptcy |
Control sales only (majority/whole-team transactions), ranked by reported price across the NFL, NBA, MLB, NHL, and European soccer; Est. figures are widely reported but not officially disclosed. Older landmark deals (Dodgers 2012, Clippers 2014, the Glazers’ 2005 United buyout) are included for the era-defining records they set at the time. The Seahawks and Trail Blazers deals await final league approval — both from the same estate, per Paul Allen’s charitable will.
The stake market: where the REAL numbers hide
| Miami Dolphins (minority stake) |
A recent stake sale implied a $12.5 BILLION valuation — higher than any control sale ever completed |
| Las Vegas Raiders (25%) |
Egon Durban’s March 2026 purchase set a $9.9B valuation — before the Seahawks even sold |
| Why stakes price higher |
Minority deals carry no control premium pressure and tiny supply — they’re where tomorrow’s control prices get rehearsed |
Read the stake market as a forecast: by its math, the first $12B+ control sale is already priced in — it just needs a seller.
Why the records keep falling
| Scarcity |
~150 major North American franchises, a handful for sale per decade, and a billionaire class growing faster than the supply |
| Guaranteed media money |
Decade-long national TV/streaming deals turn franchises into bond-like assets with trophies attached |
| The estate pipeline |
Aging ownership means the next decade’s sales calendar is essentially demographic — each estate sale resets the comps for everyone |
| Institutional money |
Leagues opening the door to private equity keeps the bidder pool deep exactly as prices leave individual fortunes behind |
The Panthers’ $2.275B was the NFL record in 2018. It has been roughly quadrupled in eight years.
Prices via league announcements and contemporary reporting; undisclosed figures marked Est. This list updates with every record — and if the stake market is right, the next update is coming.
A Record Market That Ate Its Own Records
The remarkable thing about the top of the list is its age — or lack of it. The Lakers’ $10 billion sale and the Seahawks’ $9.612 billion agreement happened within roughly a year of each other; the Celtics’ $6.1 billion deal, now third, is barely older; and the Commanders’ $6.05 billion, which stunned the sports world as recently as 2023, has already been pushed to fourth. Scroll down and the acceleration becomes comic: David Tepper’s $2.275 billion for the Panthers was the NFL’s all-time record in 2018 and now wouldn’t crack the top ten’s upper half; Steve Cohen’s $2.42 billion Mets purchase, still baseball’s record, gets lapped annually by basketball franchises in smaller markets. The Seahawks deal also crystallizes the market’s strangest reliable pattern: teams keep selling far above their published valuations — Seattle “was worth” about $7 billion on paper and fetched $9.6 billion at auction, just as the Commanders and Celtics beat their paper numbers — because valuations measure cash flows while auctions measure how much the world’s richest people want one of about 150 available trophies. The stake market says where this goes next: a Dolphins minority deal recently implied a $12.5 billion valuation, above any control sale ever completed, which means the first $12 billion control transaction isn’t a prediction — it’s an appraisal waiting for a seller.
Final Word
The most expensive sports team sales ever: the Lakers’ $10 billion on top, the Seahawks’ record-shattering $9.612 billion agreement right behind it, then the Celtics, Commanders, Broncos, and a list whose every entry was somebody’s unthinkable record within the past decade — driven by scarcity, guaranteed media billions, an estate-sale pipeline that guarantees supply, and a stake market (Dolphins at an implied $12.5B, Raiders at $9.9B) already pricing the next record before it happens. The list updates with every deal, and the smart money says the gold row won’t stay gold long.
The full 32-team NFL money picture is in NFL franchise values: what every team sold for, the priciest rosters ever assembled are in the most expensive World Cup squads, and the collectible end of sports money is in the most valuable football cards ever sold.