🏀 L. A. Lakers being sold. $10Billion

[underpants]

Buss family agrees to sell Lakers to Mark Walter at $10B valuation

It will mark the largest sale of a U.S. professional sports team all-time.

Jeanie Buss will continue to serve in her role as Lakers governor, sources said.

Walter, the CEO and chairman of diversified holding company TWG Global, has interests in multiple professional sports organizations, including the Los Angeles Dodgers, Los Angeles Sparks, the Billie Jean Cup, Cadillac Formula 1 team and the Professional Women's Hockey League.

The Lakers have been owned by the Buss family since 1979, when Jerry Buss purchased the franchise from Jack Kent Cooke in a $67.5 million transaction that also included the Los Angeles Kings and the Los Angeles Forum. Since 1980, the Lakers have won 11 championships, the most by any NBA team during that span.

https://www.espn.com/nba/story/_/id/45539931/buss-family-agrees-sell-lakers-mark-walter-sources-say

[surfered]

1. It wasn't me. Just saying.

[beaglelover]

3. Will the Buss' have to pay capital gains tax?

[beaglelover]

5. Exactly my point. The rich get richer.

[Initech]

7. Wrong LA team got sold.

Can we sell the Angels?

[WarGamer]

11. Orange County would argue that OC... is NOT LA lol...

[Initech]

13. Yes true.

But we're still waiting on the ousting of our criminal scumbag MAGA owner. That will be a day to celebrate!

[WarGamer]

15. I'm sure Angels fans are envious of Dodgers ownership who collect All Stars like Pokemon cards.

[Initech]

16. I have to say I did enjoy watching Freddy Freeman tear the Yankees a new one in Game 2.

I've seen that clip about 10,000 times and it never gets old!

[purple_haze]

9. While countless Americans starve in the streets

Pathetic.

[Initech]

14. Yeah they helped transform LA in the 70s and 80s when they built the Lakers dream team.

There was an entire series made about it called Winning Time and it's definitely worth watching if you get the chance.

[AStern]

12. A few decades ago this sale would be for a few hundred million - now it's in the billions