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.

[FAH1223]

did the buss family sell their 66% share for $10B or is the $10B the entire valuation based on the sale price of that 66%?

Entire valuation.

Buss family will keep a 15% minority stake for awhile.

 

[pete clemenza]

 

[StatUS]

The Lakers with mega money behind them?

Fuuuuuck

 

[Jmare007]

The Lakers with mega money behind them?

Fuuuuuck

The first 2-3 years while the new owner is OK with paying the tax

Once reality hits though and they realize all the damage the aprons do and have fire sell/rebuild


Bron gonna play till he's 44

 

[MenacingMonk]

End of an era.

 

[Trojan 24]

The first 2-3 years while the new owner is OK with paying the tax

Once reality hits though and they realize all the damage the aprons do and have fire sell/rebuild


Bron gonna play till he's 44

Lakers have been spending on the roster, it's not gonna change much in that regard. Moreso the whole FO/Organization can finally be modernized... Coaching Staffs, Training Staffs, Analytic Teams, Scouting...

Lakers been woefully short there for years

 

[TheEgyptianConniption]

It's pretty much like the Rooney family in the NFL. Yeah, they are rich, but by NFL owner standards, they are on the lower end and most of their wealth is tied to the team. If they were to ever sell, that would quickly change.

I always hear that and find it strange. Dont the Lakers and Steelers make an insane amount of money? What are they doing with the profits? They should be insanely rich and have all kinds of other business ventures.

 

[The_Sheff]

Old owners are poor compared to new owners. Their kids are going to sell to cash in.

 

[No Ma’am]

 

[Spidey Man]

Boston went for 6, Lakers went for 10.

Sell the team Dolan. The ROI would be insane

 

[Trojan 24]

I always hear that and find it strange. Dont the Lakers and Steelers make an insane amount of money? What are they doing with the profits? They should be insanely rich and have all kinds of other business ventures.

A lot of Buss hands are probably reaching into those profits. I wont pretend to know what they were clearing per year, but let's say it was like 50-100 Mil. Splitting that 5+ ways doesn't go "that far" when you're comparing yourself to Hollywood elites, now they splitting billions

 

[Admiral Ackbar]

Now we need Bron even less. We can buy a chip!

 

[UpAndComing]

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

 

[Van Glorious]

DOLAN....Your up next.

 

[Rekkapryde]

Damn

Wish Balmer bought us instead