BREAKING: Shams: The Buss Family Has Agreed to Sell Majority Ownership of the Los Angeles Lakers for $10 Billion

[UcanUwill]

This is actually sad. Jerry's dream was his family forever owning the Lakers, and I believe before he died he told his kids to never sell the team...

[Ssj16]

Prayed for times like this. Bussdown was a horrible, cheap owner. Fire Pelinka and then now we’re cooking.

What an ignorance , before Buss Lakers could be an old Clippers without ever becoming Lakers

Lakers gotta have dumbest fan base in any sport

Are you ok? Do you need a hug?

[xinxin]

The Buss family and Jerry deserve all the love from LA and Lakers fans for bringing home all those championships over a period of 45 years..

11 rings in 45 years or 24% of all championships during that period. That’s a fantastic rate.. that’s better than the 3pt shooting percentage of Desmond Bane in the 2025 playoffs.. ha ha

But their leadership has clearly run its course…


Letting go of Caruso, Zubac, and a few other players to avoid the luxury tax/cap space & ruining a good team ..was a sure sign that the Buss family couldn’t match the firepower of all the other billionaire owners willing to eat more of the luxury tax…


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[Ssj16]

Again Lakers Fanbase is dumber than a sack of rocks, no Loyalty no Attachment , Bandwagon’s franchise

Learn 6 Languages, then come back and talk to me in your SIXTH language and I’ll check your grammar , good luck or maybe just learn 2 for starters , Let’s check if your second can reach Elementary school level

What are you even talking about? There’s no reason to be “loyal” to the incompetent nepo baby who was entirely over her head when it came to running the Lakers.

Jeanie whilst not perfect brought you guys a chip and did a better job than her brothers.

She deserves quite a bit more respect and acknowledgement for her role, especially being a female owner in a cut throat industry dominated by Men.

It's never been harder to win/contend for a chip in today's NBA and era of Parity.

The Lakeshow glory decades of dominance is over, Shaq is not walking through that door again

There is no need to white knight Jeanie. She was mediocre as an owner at best, even if she was better than her brother.

If we're being honest, she lucked her way into a championship because Lebron wanted to come there because of the brand and his off the court business ventures and he saw they had enough assets after being garbage after Kobe's retirement not because of how the team was being ran.

People have already listed some of the questionable moves. This has nothing about her being a woman.

Look at for the most part how GS, Spurs, OKC and Boston are ran and those are prime examples of well ran organizations and most don't have the advantages of LA LA land.

[jbk1234]

The biggest argument for them being worth this much is that someone just paid it.

I get that, but people overpay for assets all the time.

The list of owners who put more money into a team then they got when they sold us very very short. There is not a history of people overpaying for an nba team.

Having said that, maybe this will be one if those rare times?

There are formulas for how to evaluate businesses where you calculate the income over a specific time frame. I don't see how you get there with an NBA team. Remember that the Lakers retained neither Caruso nor BroLo because the Buss family was feeling economic pain.

This isn't a situation where you can come in and dramatically cut costs. There's a salary floor and an expectation among the fan base that you'll be willing to spend. This isn't a merger where you can expect synergies and lower costs from the elimination of redundancies. This is a growth or meme stock purchase where it's almost impossible for the company to grow enough to justify the purchase price.

[thebigbird]

Again Lakers Fanbase is dumber than a sack of rocks, no Loyalty no Attachment , Bandwagon’s franchise

Learn 6 Languages, then come back and talk to me in your SIXTH language and I’ll check your grammar , good luck or maybe just learn 2 for starters , Let’s check if your second can reach Elementary school level

What are you even talking about? There’s no reason to be “loyal” to the incompetent nepo baby who was entirely over her head when it came to running the Lakers.

Jeanie whilst not perfect brought you guys a chip and did a better job than her brothers.

She deserves quite a bit more respect and acknowledgement for her role, especially being a female owner in a cut throat industry dominated by Men.

It's never been harder to win/contend for a chip in today's NBA and era of Parity.

The Lakeshow glory decades of dominance is over, Shaq is not walking through that door again

Jeanie had absolutely nothing to do with the Lakers winning a title. They won a title because LeBron wanted to live in LA and AD wanted to play with LeBron.

[Swift21]

The rest of the league just went, "Uh oh".

Maybe under the last CBA. This current one has leveled the playing field.

[JonFromVA]

Jeanie whilst not perfect brought you guys a chip and did a better job than her brothers.

She deserves quite a bit more respect and acknowledgement for her role, especially being a female owner in a cut throat industry dominated by Men.

It's never been harder to win/contend for a chip in today's NBA and era of Parity.

The Lakeshow glory decades of dominance is over, Shaq is not walking through that door again

I didn't mind Jeanie but the expectation now is the Lakers should be way smarter than they were during her reign.

She literally had Rambis and Co. attached after years of borderline malpractice around the league and a lot of her hires were basically close friends. I mean they were without a major analytics department for years. Now they have the guggenheim group backing them.

I honestly reckon her gender played a part in the Jeanie criticism from Lakers fans, even though she was the only off-spring of Dr Buss that any true idea of how to run a basketball team.

Anyhow I hope most Lakers fans aren't naive or gullible enough to assume the Show time days and decades of dominance are back because they have no ideas.

Adam Silver and the current and future CBA will ensure no team in the NBA can 'buy their way' to a ring and Dynasty like the Lakers did since the 1980s.

Unfortunately it seems many of the Lakers fans posting in this thread have not gotten that memo.

I wonder who they will blame next year when they crash out in the first round of the play-offs again ??

The Lakers can pay tax and spend everywhere else that isn't capped. To the Buss family every extra expenditure was money coming out of their collective pockets and had to be justified.

[The Servant]

This is actually sad. Jerry's dream was his family forever owning the Lakers, and I believe before he died he told his kids to never sell the team...

You don't get to tell your kids how to live the rest of their lives after you go, but you would think building an organization like the Lakers and having something like that under family control would be it and something they'd want to keep doing forever. I dont understand this, why not just hire good professionals to run it and keep it in the family??

[UcanUwill]

This is actually sad. Jerry's dream was his family forever owning the Lakers, and I believe before he died he told his kids to never sell the team...

You don't get to tell your kids how to live the rest of their lives after you go, but you would think building an organization like the Lakers and having something like that under family control would be it and something they'd want to keep doing forever. I dont understand this, why not just hire good professionals to run it and keep it in the family??

I do not think this equals telling your kids how to live life, man saw this franchise as his legacy, not like Buss family aren't billionaires either way. I would have carried old mans legacy knowing how much it meant to him, selling the team 10 years after he dies just feels dirty to me.

[Backcountry]

This is great for the Lakers. After all, having an owner with deep, deep pockets who is willing to overspend has brought championships to so many other NBA franchises recently...

[tamaraw08]

RealGM in shambles.

Why? Has money ever been whats held the lakers back?

Money has held them back all the time. Losing coaches like Ty Lue cause the price was too high, historically small front office with low number of support staff like nutritionists and analytics, woefully inadequate community outreach and fan experience compared to the clippers. Just a mom and pop operation competing against large corporations.

I have defended Jeanie many times but I don't know if I will ever forgive her for letting Caruso walk because she doesn't want to pay more luxury taxes.

[tamaraw08]

The new Luxury Tax and Apron Tax means the Lakers cannot go out and buy their way to a chip like they did in the past or what the Dodgers currently doing in the MLB.

But I'm not sure you also noticed the other moves that the Dodgers made aside from just acquiring superstars.,
They found guys like Chis Taylor, Max Muncy, Will Smith, Tommy Edman etc etc etc.
These guys have really blossomed and became key contributors right after the Dodgers acquired them and you have to ask yourself what do the Front office have that they saw something that 29 others teams didn't notice.

[Soca]

The new Luxury Tax and Apron Tax means the Lakers cannot go out and buy their way to a chip like they did in the past or what the Dodgers currently doing in the MLB.

But I'm not sure you also noticed the other moves that the Dodgers made aside from just acquiring superstars.,
They found guys like Chis Taylor, Max Muncy, Will Smith, Tommy Edman etc etc etc.
These guys have really blossomed and became key contributors right after the Dodgers acquired them and you have to ask yourself what do the Front office have that they saw something that 29 others teams didn't notice.

More people noticed the Freeman, Betts and Ohtani additions who really put them over the top.

[JonFromVA]

This is actually sad. Jerry's dream was his family forever owning the Lakers, and I believe before he died he told his kids to never sell the team...

You don't get to tell your kids how to live the rest of their lives after you go, but you would think building an organization like the Lakers and having something like that under family control would be it and something they'd want to keep doing forever. I dont understand this, why not just hire good professionals to run it and keep it in the family??

Because family members are share holders that live off the income the team generates.

It's hard to relate to, but imagine the difference between $100,000 per year for the next 50 years .vs. being handed $5M right now. Not only are you free to spend that money however you want, you're also free to invest it or gift it however you want.

And while there are 6 Buss children now as those children pass, divorce, or suffer money problems; everything gets more complicated. The NBA bylaws also require an ownership group to name a governor who can make decisions for the group, so Jeannie or one of her siblings has to be in position to do that which leads to all sorts of potential problems if the family doesn't all agree on who should be in charge.

No clue, but there may also be a tax angle to all of this. There may be significant benefits making the move now .vs. some time in the future when the tax situation could change and make the same move much more expensive.

[In-N-Out 247]

Why? Has money ever been whats held the lakers back?

Money has held them back all the time. Losing coaches like Ty Lue cause the price was too high, historically small front office with low number of support staff like nutritionists and analytics, woefully inadequate community outreach and fan experience compared to the clippers. Just a mom and pop operation competing against large corporations.

I have defended Jeanie many times but I don't know if I will ever forgive her for letting Caruso walk because she doesn't want to pay more luxury taxes.

They chose Talen Horton Tucker over Caruso because he was younger. Terrible decision obviously. Zubac trade was another terrible deal.

[tamaraw08]

The new Luxury Tax and Apron Tax means the Lakers cannot go out and buy their way to a chip like they did in the past or what the Dodgers currently doing in the MLB.

But I'm not sure you also noticed the other moves that the Dodgers made aside from just acquiring superstars.,
They found guys like Chis Taylor, Max Muncy, Will Smith, Tommy Edman etc etc etc.
These guys have really blossomed and became key contributors right after the Dodgers acquired them and you have to ask yourself what do the Front office have that they saw something that 29 others teams didn't notice.

More people noticed the Freeman, Betts and Ohtani additions who really put them over the top.

Also don't forget that they drafted and developed players like Seager, Bellinger, Buehler then found ways to replace them with better players.
Will Smith is still there thriving.
BTW, very few are probably not aware that Ohtani is deferring his salary to allow the Dodgers to spend even more $ for better players.
I'm sure there are more restrictions in the NBA but this group will hire the best/most expensive geeks to find loopholes just like the Knicks did so they can acquire better free agents.
Dodgers advanced scouting and player development are just tiers above their competitors and I can see them supplying Pelinka with the smartest nerds using Super Computers etc.

[akula1488]

This is actually sad. Jerry's dream was his family forever owning the Lakers, and I believe before he died he told his kids to never sell the team...

well Jerry failed to make more money in other areas. If he was as rich as Balmer, this might not have happened.

[Optms]

Prayed for times like this. Bussdown was a horrible, cheap owner. Fire Pelinka and then now we’re cooking.

What an ignorance , before Buss Lakers could be an old Clippers without ever becoming Lakers

Lakers gotta have dumbest fan base in any sport

Are you ok? Do you need a hug?

Funny how the narrative changes. All along we were told that the Lakers were only relevant because LA. Now Buss was a genius

[Swift21]

But I'm not sure you also noticed the other moves that the Dodgers made aside from just acquiring superstars.,
They found guys like Chis Taylor, Max Muncy, Will Smith, Tommy Edman etc etc etc.
These guys have really blossomed and became key contributors right after the Dodgers acquired them and you have to ask yourself what do the Front office have that they saw something that 29 others teams didn't notice.

More people noticed the Freeman, Betts and Ohtani additions who really put them over the top.

Also don't forget that they drafted and developed players like Seager, Bellinger, Buehler then found ways to replace them with better players.
Will Smith is still there thriving.
BTW, very few are probably not aware that Ohtani is deferring his salary to allow the Dodgers to spend even more $ for better players.
I'm sure there are more restrictions in the NBA but this group will hire the best/most expensive geeks to find loopholes just like the Knicks did so they can acquire better free agents.
Dodgers advanced scouting and player development are just tiers above their competitors and I can see them supplying Pelinka with the smartest nerds using Super Computers etc.

It's a night and day difference what you can do in baseball with deferrals, trades and no salary cap. It's just a bad example.