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Buss selling Lakers for 10 Billion
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GustavBahler
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6/18/2025  6:24 PM
Per NYT
AUTOADVERT
GustavBahler
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6/18/2025  6:26 PM
The Buss family has agreed in principle to sell the Los Angeles Lakers, one of the most iconic sporting brands in the world, to financier Mark Walter in a deal that values the team at a global record $10 billion, league sources told The Athletic.

The sale, which is not yet finalized, could eventually value the team at $12 billion, according to one source with knowledge of the negotiations, who spoke on the condition of anonymity because they were not authorized to discuss the sale. That would be far more than the $6.1 billion valuation for the Boston Celtics when they were sold in March.

Even at the lower number, the sale would be the largest for any sports team, and it will affect not only how competitive the Lakers can be in the NBA, but will also impact the other storied Los Angeles sports team for whom Walter is the controlling owner, the Dodgers.
ToddTT
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6/18/2025  6:39 PM
Hey let’s pool our money, boys.
Oh good lord... https://www.youtube.com/shorts/XkmGrX7O0lQ
Panos
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6/18/2025  6:56 PM
We just need 10,000 guys to chip in $1mm each!
SergioNYK
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6/19/2025  8:50 AM
I know it's $10B but why would you ever sell the Lakers when it's been in your family for decades? I think being the owner and having that legacy is priceless.
Nalod
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6/19/2025  10:42 AM
There are 6 siblings and they each got about $800mm. Buss Trust owns 66% of Lakers and will retain 18% with Jeannie still acting as Governor. Maybe she is keeping more her shares and let the others get more cash? I don't know. Also it would be hard to ascertain the cost basis and what depreciation they used to minimize taxes but lets just say it will be a lot but with this current administration rates might never be lower going forward?
Buss family major asset is the Lakers. It's reported over many years they sometimes had cash flow issues and the NBA has a line of credit to help. Many other owners made their wealth in other ways but this is the major asset as DR Buss put his chips in being the Forum, NHL Kings and Lakers. Buss family still owns a good chunk of the Arena. Kings and Forum sold long ago. This has been reported over the years and again yesterday.
Valuations are crazy and no telling if this is a top. TV revenue is changing as Local fees and Cable fees paid to teams is not the same. Anyone calling for the demise of values over the years has been flat out wrong but that does not preclude it lasts forever. Jeannie has a good work ethic and will still be part of the team. Some of the others sibs have been pining for the family to sell for some time as also been reported over the years. Recall when they were trying to oust Jeannie and cash out.
VDesai
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6/19/2025  3:28 PM
Jeannie also has no kids. She can monetize her major asset and leave a legacy in some other way now.
Philc1
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6/19/2025  10:15 PM    LAST EDITED: 6/19/2025  10:15 PM
SergioNYK wrote:I know it's $10B but why would you ever sell the Lakers when it's been in your family for decades? I think being the owner and having that legacy is priceless.

Cashing out now before the economy goes to complete dogsh t in 1-2 years.
Nalod
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6/20/2025  8:46 AM    LAST EDITED: 6/20/2025  8:47 AM
Philc1 wrote:
SergioNYK wrote:I know it's $10B but why would you ever sell the Lakers when it's been in your family for decades? I think being the owner and having that legacy is priceless.

Cashing out now before the economy goes to complete dogsh t in 1-2 years.

And the new owner is thinking 5-10 years. Its why we are here on the internet and this dude has his billions.

Yes, economics and markets ebb and flow. If you understood the Buss family trust and its ownership structure which has been mentioned in many articles the last 48 hours and perhaps ask why Jeannie is staying on and did she keep her shares in Lakers?
The other sibs have been wanting their money for some time.
With local TV revenue for all markets now way down given cables demise over the years Lakers lost a revenue stream that was a major advanage for them over the years. This is true for Knicks but Dolan has other financial interest and his wealth was not created by Knicks. This makes Lakers more susceptible. With a new sugar daddy the franchise has solid backing to see it thru a weak economy.
30 teams all with different cost basis, backing, and purpose. Dallas owners want a casino and combine a new arena makes sense for them. Cuban Still retains some ownership and will profit from this. A guy like that might want to consolidate his wealth and restructure given his age and also know that perhaps while the team is still a good investment its enhanced when married to a casino and he has no background for it. These are his words. If he also feels he can invest with greater velocity in other areas it frees up capital to do so. He has stated he wants to make investments in health care and perhaps thinks he can disrupt the current way it's being done? Or is there a move to the White House as an independent or Democrat? Celebrities seem to capture the attention of folks these days over substance.
mattshaw78
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6/20/2025  1:19 PM
SergioNYK wrote:I know it's $10B but why would you ever sell the Lakers when it's been in your family for decades? I think being the owner and having that legacy is priceless.

Lebron wanted her out lol

BlueSeats "I like anyone who can make Lebron cry. Melo seems to do it a lot."
Nalod
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6/20/2025  2:00 PM
mattshaw78 wrote:
SergioNYK wrote:I know it's $10B but why would you ever sell the Lakers when it's been in your family for decades? I think being the owner and having that legacy is priceless.

Lebron wanted her out lol

She is to continue as governor and retain 18%........
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Buss selling Lakers for 10 Billion
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