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.

[pete clemenza]

I thought private individuals had to own sports teams, investment funds can own them as well?

Apparently this dude “only” put up 100ms for Dodgers whereas his fund (other people’s money) put up the rest of his percentage

Saudi money is behind them

 

[2Quik4UHoes]

If you believe Windhorst, Saudis now own part of the Lakers through their investment in TWG Global

Unless I missed something Abu Dhabi doesn’t guarantee its the Saudis, it could be the Emiratis.

 

[HollywoodP]

Unless I missed something Abu Dhabi doesn’t guarantee its the Saudis, it could be the Emiratis.

these nikkas don't know what Abu Dhabi even is

 

[EzekelRAGE]

these nikkas don't know what Abu Dhabi even is

I thought all that shyt was the same
I only know abu dhabi from UFC shyt

 

[jericho]

Heard they were gonna move em back to Minneapolis

 

[MikelArteta]

my wife and I finished ours last month

Crib in goatganda passed down to generations

 

[IsThatBrothaMouzone?]

Sold 48% for 4.8 billion. They now own "only" 18% of the team.

Damn good move for Jeannie.

Get some serious cash flow and probably still got season tickets, but don't really have to be "involved" in the day-to-day shyt.

 

[Rekkapryde]

Damn good move for Jeannie.

Get some serious cash flow and probably still got season tickets, but don't really have to be "involved" in the day-to-day shyt.

She apparently is still the governmor/team president with the sale too. It was part of the stipulations in the sale.

 

[Sterling Archer]

She apparently is still the governmor/team president with the sale too. It was part of the stipulations in the sale.

*one of

 

[Big Boss]

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.

 

[Big Boss]

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

Word to Mark Cuban

 

[SadimirPutin]

She apparently is still the governmor/team president with the sale too. It was part of the stipulations in the sale.

Walter need to get his guys in there and kick the people advising her out.....no more of that Phil Jackson and Rambis couple bullshyt

Real serious professionals

As more details come out you can see the Lakers were cheaping out so badly on the behind the scenes operations.

 

[Rekkapryde]

Walter need to get his guys in there and kick the people advising her out.....no more of that Phil Jackson and Rambis couple bullshyt

Real serious professionals

As more details come out you can see the Lakers were cheaping out so badly on the behind the scenes operations.

They were routine luxury tax payers tho


But she made sure she's still running things until she's done. The sale was more for ensuring that Jeanie's siblings have something to give their children and their children. That Highlander language Dr Buss had in his will and trust was wild.

 

[jadillac]

these nikkas don't know what Abu Dhabi even is

Breh, We watched Garfield growing up

 

[southpawstyle]

Breh, We watched Garfield growing up

LOLLLL