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.

[Raquinotj]

 

[In The Zone '98]

Mark aint paying no tax

Tough times ahead

 

[Fortunate Lee]

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

 

[Raquinotj]

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

She’s an employee as well. Usually those people train someone else in the transition. Celtics did the same thing.

 

[I AM WARHOL]

End of an era

 

[jerniebert]

I wonder why they would want to sell aside from the huge payday for selling.

 

[chargers31]

Selling for a few billion

 

[Rev]

Mark aint paying no tax

Tough times ahead

Why not? Dodgers have the top payroll in baseball.

 

[Joe Sixpack]

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

She's gone son its over

 

[Raquinotj]

I wonder why they would want to sell aside from the huge payday for selling.

They saw the $6.1 Billion the Celtics sold for and said “yeap time to cash out and do something else.” A lot of times when the old man goes and the fortune has to be split up(Jerry Buss had 7 children) some people don’t want their inheritance tied up to a business they’re not 100% involved with.

 

[Anerdyblackguy]

Lakers fans should be happy. This guy spends a shyt ton of money as the Dodgers owner.

 

[Black Ball]

So the Dodgers owners, own the Lakers now?

 

[bl2k8]

Damn end of an era

 

[Killer Instinct]

RIP Jerry Buss.
You deserved better.

 

[Joe Sixpack]

Damn she ain't give Magic a heads up??