Lakers Buss family agrees to sell Lakers

[BigJay]

Kind of surprising

Buss family agrees to sell Lakers, sources say

The Buss family has entered an agreement to sell majority ownership of the Lakers to Mark Walter, sources told ESPN.

www.espn.com

 

[Archie]

whoa

 

[jjgold]

They got out when the price was high

 

[gauchojake]

Maybe the new group will put the financial resources towards a competent scouting department and training staff. Kinda sad end of an era type thing but I get it.

 

[BobbyFK]

10 billion with a b dollars! Wow

 

[Archie]

we need to get the great American, Elon musk to buy it!

 

[MinnesotaFats]

Beginning to see cracks in the Roman Circus here.

Not a lot of cash flow left in pro sports.

Valuations are blue sky.

All debt financed with contracts now being deferred.

No public money for stadiums w Biden inflation impact

The days of the individual/ family owner are numbered, going to be Wall Street soon. People will invest in their team and lose everything.

 

[Wagerallsports]

https://twitter.com/i/web/status/1935455659492843566

 

[Wagerallsports]

https://twitter.com/i/web/status/1935447429756727349

 

[BigJay]

https://twitter.com/i/web/status/1935447429756727349

Nobody had more fun owning a franchise than Dr Jerry Buss

 

[Archie]

the lady still gets to run the Lakers for awhile?

 

[pipe]

The Buss family is entering into an agreement to sell majority ownership of the Los Angeles Lakers to Mark Walter. Franchise legend Magic Johnson, who is part of Walter's investment group that purchased the Dodgers in 2012, endorsed the move in a series of social media posts, noting Lakers fans should be "ecstatic."

"Mark Walter is the best choice and will be the best caretaker of the Laker brand," Johnson posted on X. "The proof is in the pudding on what he's been able to accomplish with the LA Dodgers. Mark has been nothing short of a winner notching 2 World Series and 11 NL West divisional titles in the last 12 years!"

 

[BMR Genie]

Mark Walter - The Dodgers owner is the new Lakers owner.

 

[jjgold]

Beginning to see cracks in the Roman Circus here.

Not a lot of cash flow left in pro sports.

Valuations are blue sky.

All debt financed with contracts now being deferred.

No public money for stadiums w Biden inflation impact

The days of the individual/ family owner are numbered, going to be Wall Street soon. People will invest in their team and lose everything.

The salaries are so out of hand hopefully they come down in the future

 

[Tanko]

Seems a little over-priced according to Forbes.
In 2024 value was at $7.1B (8th on list).

"Forbes" list of most valuable sports teams of 2024​

1. Dallas Cowboys - $10.1 billion
2. Golden State Warriors - $8.8 billion
3. Los Angeles Rams - $7.6 billion
4. New York Yankees - $7.55 billion
5. New York Knicks - $7.5 billion
6. New England Patriots - $7.4 billion
7. New York Giants - $7.3 billion
8. Los Angeles Lakers - $7.1 billion
9. New York Jets - $6.9 billion
10. San Francisco 49ers - $6.8 billion
11. Las Vegas Raiders - $6.7 billion
12. Philadelphia Eagles - $6.6 billion
13. Real Madrid - $6.6 billion
14. Manchester United - $6.55 billion
15. Chicago Bears - $6.4 billion
16. Washington Commanders - $6.3 billion
17. Miami Dolphins - $6.2 billion
18. Houston Texans - $6.1 billion
19. Boston Celtics - $6 billion
20. FC Barcelona - $5.6 billion

 

[jjgold]

The Lakers are not winning anything until they release James