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.

lib123

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Jordan
Cuban
the Boston guys
now the Buss family

I get it, esp the ones like MJ and the Buss descendants that in both cases probably had 75-90% of their billionaire valuation tied to the team they owned. Even Cuban prob had like 2/3rd of his valuation tied to the Mavs. Might as well cash out now and bow out.

Exactly those guys aren’t like Ballmer. It’s interesting tho how these new owners are relying on ownership groups with 15+ people buying teams now. I wonder who’s providing the financing?

:jbhmm:
 

KFBF

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Roid Jones

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