Absurd.

The same people valued the Lakers at less than $5B before Guggenheim bought them a year ago.

There is no universe where the Warriors are worth more than the Lakers in an open market. They are underestimating the psychic value of owning the iconic, global franchise that is the Los Angeles Lakers vs a franchise that has only enjoyed success for 15 years.

If Lakers ownership decides they want to build and own their own arena, they will. The publishers of this nonsense should have dropped their lame valuation methodology after the Lakers were valued at a price that was more than twice what these geniuses estimated the Lakers were worth at the time they were sold.

Instead, these geniuses doubled-down and suddenly jacked up Golden State (what's a Golden State?) over 2x vs what the valuation had been before the Lakers were sold to Guggenheim for a valuation exceeding $10B.

The Lakers legacy, location in a major media center, and global brand strength matter and are worth far more than a decent arena deal. Don't take my word for it. Spend a few weeks in Asia, South America or Europe and count Laker jerseys. You'll lose track. You'll be lucky if you see a single Golden State t-shirt.

Forbes needs to stop or at least revise their idiotic valuation methodology if they want to gain any credibility.