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

[wco81]

i dont have all the details on this transaction yet, but Walker already had 26% ownership. And after this, Buss fam retains 15% ownership. The 10B number is the total team valuation at the sale price, but Walker can be buy *at most* 59% right now, so we are really talking aboot 5.9B at most changing hands.

Well it may not be all Walker's money.

He has Abu Dhabi backing and those ME sovereign wealth funds want to get their hands on all the American and European sports teams.

[Handlez]

Why not keep it in the family forever?

To escape the jail that is fame?

Its far better to be incredibly wealthy and anonymous.

You really think the Buss family is bombarded in public due to fame? Lol.

[Johnny Bball]

Why not keep it in the family forever?

To escape the jail that is fame?

Its far better to be incredibly wealthy and anonymous.

You really think the Buss family is bombarded in public due to fame? Lol.

I dunnno, I assumed Jeanie would be, Mark Cuban would have been, owners of that ilk. Its just the only real answer I had.

[Mr B]

Mark Walter is going to try to make an immediate splash imo. I'm sure he's going to target Giannis, but LA doesn't have the assets to trade for him unfortunately.

Luka for AD who says no?

[Lacanm1]

Lakers are getting competent ownership, not good for the other 29 franchises

you are including Celtics in that list? they have opened their wallets for the team, spent money like crazy, and won the championship; what else do you want from them?

He didn’t say other teams have incompetent owners lol, he just said a better Lakers ownership isn’t good for them.

Yeah Wyc has been a fantastic owner over his tenure, and hopefully Chisholm continues it by not messing with the structure. But the Lakers spending money on beefing up their basketball operations and becoming the dodgers of the nba will be pretty scary for the other 29 franchises trying to attract free agents

[Castle Black]

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[FrobeBryant]

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Mark Walter and the Guggenheim group do not play around and I am here for it

[Chuck Everett]

New boss is clearing out the flotsam. Take your money and invest in something else.

[Mamba81p]

Pretty obvious who was against the sale.

[LascelleL]

The brothers suck. Go jeanie

[JHFVF07]

Well, I liked our scouting staff. They found some serviceable players with late firsts/seconds.

[infinite11285]

Pretty obvious who was against the sale.

It’ll be real quiet around the Thanksgiving table this year for the Buss family.

Christmas is ruined too.

[wco81]

Are those her brothers or her nephews?

In that picture they seem much younger than Jeannie.

Also, why fire the scouting staff? They've done a good job over the years. I don't know how long they've been with the team but they have a pretty good draft history.

Maybe they think they can run it like the Dodgers, with more money than any other team in a sport without a salary cap.

Bzzt, NBA has something called the Second Apron.

[TheGeneral99]

"Breaking News: The Lakers have traded Luka to Philadelphia for Paul George, McCain and a 1st."

New Owner Mark Walter states "We need defensive minded players like George who have the work-ethic like Shaq."

[tamaraw08]

Mark Walter is also the majority owner of the Dodgers who are brilliantly run and not afraid to spend.

MLB has no salary cap... NBA does... Ask the Suns how big spending goes...

But managing a team is so much more than signing players though.
Dodgers was the ONLY baseball team that use 2 Airplanes for road trips, let that sink in.
It's no longer a coincidence that they found guys like Edman, Teo etc because of advanced scouting.
What is stopping Walter from making a godfather offer to Sam Presti? or even Masai or Presti's top assistant at least?
I see them also going after OKC's top scouts or Miami's most competent trainers etc.

[tamaraw08]

Well, I liked our scouting staff. They found some serviceable players with late firsts/seconds.

I really thought these Buss brothers were the ones who found Caruso, Reaves, Hart, Clarkson etc. But probably it's the other scouts.
or... they maybe they are just losing their marbles after picking JHS and Max Lewis 2 summers ago.

[Braggins]

Man it really was a great fortune for the Lakers owners to be gifted Luka six months ago if they were wanting to sell the team.

[wco81]

Mark Walter is also the majority owner of the Dodgers who are brilliantly run and not afraid to spend.

MLB has no salary cap... NBA does... Ask the Suns how big spending goes...

But managing a team is so much more than signing players though.
Dodgers was the ONLY baseball team that use 2 Airplanes for road trips, let that sink in.
It's no longer a coincidence that they found guys like Edman, Teo etc because of advanced scouting.
What is stopping Walter from making a godfather offer to Sam Presti? or even Masai or Presti's top assistant at least?
I see them also going after OKC's top scouts or Miami's most competent trainers etc.

So they spend even more than the $505 million in direct payroll costs they had last year.

No doubt they spend on the farm system, scouting, including international scouting, etc.

I think a large part of it is that MLB has the smallest national TV contract, so teams don't get the kind of TV money that each NFL and NBA teams receive.

In contrast, baseball teams negotiate their own local TV deals and that is one of the key drivers of imbalance in the sport, which is why the Dodgers can outspend other teams probably by many times, when you consider all these other costs than the official payroll numbers.


Lakers are in a large market, no doubt have a lucrative local TV deal. But fundamentally, the salary cap constrains them from outperforming other teams.

For instance, lets say they have the greatest scouting and they find great role players or even say a max-level player, not necessarily MVP level like Luka but maybe All Star level, which is what Reaves has become.

So the Lakers have benefitted from AR's level of play but now he's going to become very expensive to sign. In the MLB, it wouldn't matter, they could sign him to whatever it takes. In the NBA, sure they could give him a max contract but it may not be the best roster construction, to have a player who's been targeted on defense, take up so much of the cap.

[FrobeBryant]

Are those her brothers or her nephews?

In that picture they seem much younger than Jeannie.

Also, why fire the scouting staff? They've done a good job over the years. I don't know how long they've been with the team but they have a pretty good draft history.

Maybe they think they can run it like the Dodgers, with more money than any other team in a sport without a salary cap.

Bzzt, NBA has something called the Second Apron.

Second apron only applies to player contracts. There’s no salary cap for front office expenses.

[FrobeBryant]

Well, I liked our scouting staff. They found some serviceable players with late firsts/seconds.

I really thought these Buss brothers were the ones who found Caruso, Reaves, Hart, Clarkson etc. But probably it's the other scouts.
or... they maybe they are just losing their marbles after picking JHS and Max Lewis 2 summers ago.

Reaves was undrafted. He chose to go to the Lakers.