The Buss family have sold Majority ownership (48%) of the Lakers for $4.8 Billion, Franchise valued at $10 Billion. Family still owns 18% stake.

[CBSwagga]

Yea, he tried to void the deal. The 1.5B price was agreed upon in 2021. With the new tv deal and Ant making noise, it's probably worth double that at least now

https://www.nbcsports.com/nba/news/timberwolves-sale-from-glen-taylor-to-marc-lore-alex-rodriguez-agreed-to-moving-forward.

If it was up to him, he would not be selling the team. So bringing up the Timberwolves selling for 1.5B based on old data in 2021 isnt really telling all the facts for a team selling in 2025. If it was based on 2021 stuff, that piece of the lakers the Buss family sold wouldnt be selling for 10B either.

The convo i jumped in on was about the NBA losing value and showing the profit owners were making says otherwise. Don't know how 1.5B in 21 is counted as not telling all the facts

 

[CBSwagga]

My bad bruh....quoted your post by mistake. Didn't he try to renege on the sale due to the new valuation showing he was "losing out" on a shyt ton of dough tho?

See someone already answered this

 

[IIVI]

Man, I grew up watching this franchise with them leading it. I remember watching this team in-person at The Forum as a kid. Such a vibe.

 

[Trojan 24]

The Lakers aren't in an apron as yet, correct me if I am wrong...and if it's the 1st apron a new owner will over pay..
So a new owner with 2 faces of the NBA that just paid 10 billion isn't fukkin around for future results

No, but they're over the cap. So they get to use one mid level exception that will put them over the 1st apron where they will then be hard capped and are not allowed to spend

 

[THE 101]

I wonder who get's bushed from new owner syndrome first; Bron, Pelinka or JJ?

 

[Joe Sixpack]

Reverse thought process my guy..
New owner and new money means win now..
Accept all taxes, etc
Over pay for everything around Luka and LeBron..

You mean be an idiot like Matt Ishbia and make horrible trades that ruin the team on the court that puts the Lakers in the 2nd apron repeater tax where they will be totally fukked, got it

 

[UpAndComing]

New owner syndrome, they'll probably trade LeBron or some shyt

Now you're giving Lakers fans hope

 

[Rekkapryde]

their ownership gets split up to the rest of the living siblings instead of going to their children.

Sidenote: this is exactly how families lose valuable real estate.

Back home in downtown Charleston SC so many black owned homes have been bought up by cacs for cheap by the living children of people who passed away. Offer them 150k for a place they know once fixed up is worth almost a million but the goofy children think 30k for all 5 of them is a Comeup; only to piss it away on a car or some dumb shyt.

/Rant

 

[Yinny]

Ok

 

[SadimirPutin]

So they sold most it, but Jeanie is still gon’ run things?

Symbolically sure lol

She will be a figurehead and a public face but no way people that are paying that kind of money are going to let the former owner dictate shyt

I am not paying billions just to not have MY people run things

 

[SadimirPutin]

Sidenote: this is exactly how families lose valuable real estate.

Back home in downtown Charleston SC so many black owned homes have been bought up by cacs for cheap by the living children of people who passed away. Offer them 150k for a an place they know once fixed up is worth almost a million but the goofy children think 30k for all 5 of them is a Comeup; only to piss it away on a car or some dumb shyt.

/Rant

Man it would behoove many minority families to speak to a family trust lawyer on how an asset is to be handled post mortem

 

[Killer Instinct]

New owner syndrome, they'll probably trade LeBron

We were already blessed with Luka. To send another prayer of this magnitude up is just being greedy.

 

[beenz]

So they sold most it, but Jeanie is still gon’ run things?

Like that ever works. Ask Marc Cuban

 

[Phantum]

All of sudden Jeannie got sexier overnight, I can't explain why.

 

[Trojan 24]

I wonder who get's bushed from new owner syndrome first; Bron, Pelinka or JJ?

All 3