In this 27-minute session, Kurt Schulthies (Founder, Novus Financial) uses the recent $10B Los Angeles Lakers valuation as a starting point to explore how NBA franchises are valued — and what a potential Vancouver expansion team could look like.

The video focuses less on predicting Vancouver’s exact value and more on demonstrating financial model structure: inputs, workings, dashboards, and sensitivities that bring clarity to assumptions and highlight key valuation levers. Along the way, Kurt discusses:

• Why scarcity and media rights drive NBA valuations

• The difference between paying an expansion fee vs. buying an existing franchise

• Revenue and cost drivers — ticketing, sponsorship, media rights, player salaries

• Why investors emphasize operating cash flow and exit multiples

• What a 20-year projection reveals about risk, return, and strategic considerations

This case study offers a practical look at how structured modeling helps investors and ownership groups understand value in unique asset classes like professional sports franchises.

👉 Watch the full video above, and follow Novus Financial for more real-world modeling case studies and templates.