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.

SteelCitySoldier

TSC Fantasy Football Champion 2016
Joined
Sep 14, 2013
Messages
12,490
Reputation
2,772
Daps
28,490
Reppin
Los Angeles C.A.
Bron, come back to Cleveland, my guy.

@Trojan 24 will be content with Allen and Garland.

Lakers:

Garland
Luka
AR
Hachimural
Allen


Cavs:

Mitchell
Strus
Hunter
Bron
Mobley


See y'all in da finalzzzzzz
Not saying this exact lineup will happen but I would not rule out LeBron and Bronny ending up in Cleveland…but if it happens Giaanis is in L.A.
 

Lucky_Lefty

Dreams Are Colder Than Death...
Joined
Apr 30, 2012
Messages
49,387
Reputation
7,095
Daps
130,183
Reppin
Purgatory
lakers and celtics both sold but yall still think basketball is not in trouble
in a few years it will seem like silver really fleeced ESPN
Yes. The two most historic franchises who any billionaire would overspend to own shows the league is in a great state :hhh:
 

MJ Truth

Veteran
Supporter
Joined
Feb 1, 2015
Messages
39,116
Reputation
3,765
Daps
155,530
I wonder why they would want to sell aside from the huge payday for selling.
The older Buss siblings want to sell because of the way their inheritance is said up. Every time one of the siblings passes away, their ownership gets split up to the rest of the living siblings instead of going to their children. So the youngest siblings eventually would end up with the whole team. So liquidating is the way for them to be able to control where their money goes after they die.
 

Long Live The Kane

Tyrant Titan
Joined
Apr 30, 2012
Messages
17,117
Reputation
4,860
Daps
64,281
lakers and celtics both sold but yall still think basketball is not in trouble
in a few years it will seem like silver really fleeced ESPN
Yes. The two most historic franchises who any billionaire would overspend to own shows the league is in a great state :hhh:

Not to mention this just raised the price of the brick for the ownership groups bidding for the expansion teams..they’re about to bust down another $10billion ($5+ billion per expansion team) in short order
 

Lucky_Lefty

Dreams Are Colder Than Death...
Joined
Apr 30, 2012
Messages
49,387
Reputation
7,095
Daps
130,183
Reppin
Purgatory
Bruh act like they sold for $40k
Not at all. But the Wizards or the T'Wolves ain't selling for half of that. Lakers/Celtics ain't the rest of the league. T'Wolves majority stake + the WNBA team went for less than $1.7 billie. The Lake Show by itself went for 10-figures. Not the same. The problem would've been if they sold for less
 

CBSwagga

All Star
Joined
Jan 16, 2017
Messages
1,367
Reputation
243
Daps
4,365
Not at all. But the Wizards or the T'Wolves ain't selling for half of that. Lakers/Celtics ain't the rest of the league. T'Wolves majority stake + the WNBA team went for less than $1.7 billie. The Lake Show by itself went for 10-figures. Not the same. The problem would've been if they sold for less
Glenn Taylor bought the team in 94' for $94million. Sold 30 years later for $1.5 billion. I'd say the league was doing just fine
 

Trojan 24

Veteran
Joined
Apr 30, 2012
Messages
43,088
Reputation
6,173
Daps
163,467
Reppin
Just Win Baby
The older Buss siblings want to sell because of the way their inheritance is said up. Every time one of the siblings passes away, their ownership gets split up to the rest of the living siblings instead of going to their children. So the youngest siblings eventually would end up with the whole team. So liquidating is the way for them to be able to control where their money goes after they die.

Damn they was hating on the Baby Buss boys, who really might be the only ones worth a damn :wow:
 

Lucky_Lefty

Dreams Are Colder Than Death...
Joined
Apr 30, 2012
Messages
49,387
Reputation
7,095
Daps
130,183
Reppin
Purgatory
Glenn Taylor bought the team in 94' for $94million. Sold 30 years later for $1.5 billion. I'd say the league was doing just fine
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?
 
Top