Sources: Buss family agrees to sell Lakers to Mark Walter...

[posty 2,824]

https://www.espn.com/nba/story/_/id/45539931/buss-family-agrees-sell-lakers-mark-walter-sources-say

The Buss family has entered an agreement to sell majority ownership of the Los Angeles Lakers to Mark Walter, the CEO of diversified holding company TWG Global, sources told ESPN.

Jeanie Buss will continue to serve in her role as Lakers governor, sources said.

Walter has interests in multiple professional sports organizations, including the Los Angeles Dodgers, Los Angeles Sparks, the Billie Jean Cup, Cadillac Formula 1 team and the Professional Women's Hockey League.

The Lakers have been owned by the Buss family since 1979, when Jerry Buss purchased the franchise from Jack Kent Cooke in a $67.5 million transaction that also included the Los Angeles Kings and the Los Angeles Forum.

The Lakers passed to Buss' children when he died in 2013, and his daughter Jeanie has served as the Lakers' governor since.

Walter has been a stakeholder in the Lakers since 2021, when he also received a right of first refusal on the majority share of the team.

[Strike 6,030]

If true that sucks.

[listen2me 23 1,957]

Nothing fishy what so ever about the trade, dallas 1st pick from deep, then Lakers sell.  

Nothing at all.  Dont worry about it.  Its real.

[thegeneral 3,698]

All I have to say is bummed that HBO show “Winning Time” got canceled. It was well done and was starting to hit its peak when it got the axe.

[RaiderHaters Revenge 4,573]

10 billion for majority ownership

 

[MDC 7,968]

F the Lakers

[HellToupee 2,294]

Wow & I thought the Celts selling price was crazy 

[TBayXXXVII 2,676]

1 hour ago, HellToupee said:

Wow & I thought the Celts selling price was crazy 

California money goes further outside of the state than inside.

In LA, this house is going for $1.1M.  My brother's house has the in less than 200 sq ft smaller, has 4 br and 2.5 bath's and is assessed at $450k in NJ.  So, what they're selling for $10B, would be like $4B in other many other states.  Major cities, I'll call it $6B.  What did the Celtics sell for, and when?

[Drizzay 749]

We need a great reset of sports team names.

The Lakers and North Stars names go back to MN.

The Jazz name goes back to New Orleans

The baseball Giants name goes back to NY