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The Buss family is entering an agreement to sell majority ownership of the Los Angeles Lakers to Mark Walter, the CEO and chairman of diversified holding company TWG Global, sources tell
@ShamsCharania
Jeanie Buss will continue to serve in her role as Governor after the sale.
Source: [url]https://www.espn.com/nba/story/_/id/45539931/buss-family-agrees-sell-lakers-mark-walter-sources-say[/url]
The Buss family has been owner of the Lakers since 1979. 46 years...
Didn't expect that but it's probably a good thing for the Lakers as the new owners have more money to spend, not that Walter didn't already own 20% of the team prior to this, so nothing really changes in the short term.
Sold for $10 billion. Damn.
[QUOTE=bison;15015440]Sold for $10 billion. Damn.[/QUOTE]
[IMG]https://media1.tenor.com/m/3Osoz2-u6y8AAAAC/dr-evil-austin-powers.gif[/IMG]
[QUOTE=bison;15015440]Sold for $10 billion. Damn.[/QUOTE]
[img] https://theawesomedaily.com/wp-content/uploads/2015/03/giphy.gif[/img]
Kelts sold for 6.
Largest team sale ever
also owns the Dodgers and Chelsea FC.
[QUOTE=Meticode;15015444][IMG]https://media1.tenor.com/m/3Osoz2-u6y8AAAAC/dr-evil-austin-powers.gif[/IMG][/QUOTE]
lol, great minds…..
[QUOTE=Chick Stern;15015448]lol, great minds…..[/QUOTE]
When I glanced at your post quick my first though was, "WTF I know I didn't double post?...wait...nevermind."
so thats why luka was acquired, quick valuation pump before selling. nice move. wonder how the buss family will compensate adam silver and co.
garbage franchise
want no part of it.
What's the price tag, 7 or 8 billion?
[QUOTE=Real Men Wear Green;15015511]What's the price tag, 7 or 8 billion?[/QUOTE]
Read the thread?
10 billion. Was the guess I thought but figured that was hyperbolic. A lot of teams are going to be sold worth this kind of money going around.
[QUOTE=Meticode;15015513]Read the thread?[/QUOTE] Nope.
I wonder if Mark Walter's gonna be interested in winning or in placating Lebron's ego.
Total valuation wlould closer to 12B if they are required to keep 15% so Jeanie can stay on as the Guv
Not a bad return on investment though, from 68 mil overall purchase price to 10B for sale price and still keeping 15%
Total valuation wlould closer to 12B if they are required to keep 15% so Jeanie can stay on as the Guv
Not a bad return on investment though, from 68 mil overall purchase price to 10B for sale price and still keeping 15%
[QUOTE=Real Men Wear Green Thongs;15015516]Nope.[/QUOTE]
Almost double what was paid for the Kelts, and not even for the entire ownership.
[img] https://i.giphy.com/media/PdBCDEr3t3xi8/giphy.gif[/img]
No one is saying why Jeannie decided to sell now.
[QUOTE=Big_Dogg;15015568]Total valuation wlould closer to 12B if they are required to keep 15% so Jeanie can stay on as the Guv
Not a bad return on investment though, from 68 mil overall purchase price to 10B for sale price and still keeping 15%[/QUOTE]
The valuation is $10 billion. He’s not actually paying $10 billion. Let’s say he’s currently a 20% owner and buys out another 70% to become majority owner. He’s paying $7 billion, but that implies a valuation of $10 billion.
Jeanie Buss will continue to serve in her role as Governor after the sale.
(doesn't want to pass up black ***** fvckn her)
[QUOTE=Jasper;15016307]Jeanie Buss will continue to serve in her role as Governor after the sale.
(doesn't want to pass up black ***** fvckn her)[/QUOTE]
[IMG]https://media1.tenor.com/m/sGtbsmqdozUAAAAd/lebron-james-jeanie-buss.gif[/IMG]
[IMG]https://media.tenor.com/5ZK5s0HoSOQAAAAM/international-women-day-lebron.gif[/IMG]
[QUOTE=Jasper;15016307]Jeanie Buss will continue to serve in her role as Governor after the sale.
(doesn't want to pass up black ***** fvckn her)[/QUOTE]
And she will have as much clout as Mark Cuban has with the Mavericks now.
Remember Cuban said he had no idea Luka was gonna be traded.
[QUOTE=Jasper;15016307]Jeanie Buss will continue to serve in her role as Governor after the sale.
(doesn't want to pass up black ***** fvckn her)[/QUOTE]
And she will have as much clout as Mark Cuban has with the Mavericks now.
Remember Cuban said he had no idea Luka was gonna be traded.
[QUOTE=Lakers Legend#32;15016356]And she will have as much clout as Mark Cuban has with the Mavericks now.
Remember Cuban said he had no idea Luka was gonna be traded.[/QUOTE]
Cuban is a piece of shit known liar..
Jeanie should just sell the lot and move on
[QUOTE=Lakers Legend#32;15015609]No one is saying why Jeannie decided to sell now.[/QUOTE]
Lakers franchise is the only thing the Buss family have really, and it's expensive to run that team. Jerry's kids are old and probably want to enjoy some of that wealth before their time's up. Celtics also just corrected the market with their sale so it was a good time to go for it.
This is great news for Laker fans as we finally have a majority owner that can afford to spend money on luxury tax etc. Lakers let Caruso go for nothing because they were cheap and had to choose between him or THT (they made the wrong choice of course because of LeGM as THT was under KLUTCH). The new 2nd apron rule makes it less of an advantage now but if the Lakers manage to put another championship team together they won't just tear it apart over luxury tax.