The Buss Family to Sell Controlling Interest In the Lakers to Dodgers Owner Mark Walter for $10B
It's an end of an era. The Lakers will no longer have controlling ownership of the franchise held by the Buss family. What started in 1979 ended on Wednesday, with reports that the Buss children have agreed to sell majority interest in the team to Dodgers owner Mark Walter at a price that values the franchise at about $10-$12 million. It's a massive number, but is the deal unexpected? People have been talking about a potential sale for a long time, and Walter, who already owned about a quarter of the team and had right of first refusal should the team ever be put up for sale, has always been the expected successor. Even if people didn't expect it for a little while longer. So what happens to Jeanie Buss? Well for now, she keeps doing her job. And reports indicate Buss might be around for a while, even, continuing as governor for the franchise. We'll see, but that's the current plan. What about Rob Pelinka? In the short term, nothing. But he's likely feeling a bit uncomfortable. In the meantime, the Dodgers can't suddenly rewrite the rules of the CBA to let them flex their money muscles. But what they can do is start investing heavily in all the places the league allows. They can build out staffs, hire the best people, and make the Lakers a prized destination. HOSTS: Andy and Brian Kamenetzky SEGMENT 1: The Lakers are being sold to Mark Walter. SEGMENT 2: What happens to Jeanie? To Rob? SEGMENT 3: What changes for the Lakers? Support Us By Supporting Our Sponsors!OLIPOPGet a free can of OLIPOP! Just buy any two cans in store and they’ll reimburse you for one. Head to drinkolipop.com/LOCKEDONNBA to claim your free can and find OLIPOP near you. CarGurusBuy or sell your next car today with CarGurus at CarGurus.comto make sure your big deal is the best deal. WayFairGive your home the refresh it needs with Wayfair. Head to Wayfair.com right now. Wayfair. Every style. Every home.Monarch MoneyTake control of your finances with Monarch Money. Use code LOCKEDONNBA at monarchmoney.com/lockedonnba for 50% off your first yearGametimeDownload the Gametime app, create an account, and use codeLOCKEDONNBAfor $20 off your first purchase. Terms apply. Download Gametime today. What time is it? Gametime.FanDuelRight now, new customers can get TWO HUNDRED DOLLARS in BONUS BETS when your first FIVE DOLLAR BET WINS! Download the app or head to FANDUEL.COM to get started. Bet with FanDuel—Official Partner of the NBA.FANDUEL DISCLAIMER: 21+ in select states. First online real money wager only. Bonus issued as nonwithdrawable free bets that expires in 14 days. Restrictions apply. See terms at sportsbook.fanduel.com. Gambling Problem? Call 1-800-GAMBLER or visit FanDuel.com/RG (CO, IA, MD, MI, NJ, PA, IL, VA, WV), 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-888-789-7777 or visit ccpg.org/chat (CT), 1-800-9-WITH-IT (IN), 1-800-522-4700 (WY, KS) or visit ksgamblinghelp.com (KS), 1-877-770-STOP (LA), 1-877-8-HOPENY or text HOPENY (467369) (NY), TN REDLINE 1-800-889-9789 (TN)
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