Summary
- The Bus Family sells its majority stake in the Los Angeles Lakers for $10 billion, a U.S. professional sports record
- Guggenheim partner Mark Walter will gain majority ownership while bus households retain minority stake
- Jenny’s bus will continue to serve as Lakers governor, leading the team forward
Buses are selling most of its shares Los Angeles Lakers According to reports, a reported $10 billion valuation marks the most expensive price for professional sports organizations in the United States.
ESPN The report said that Guggenheim Partner and TWG Global CEO Mark Walter will acquire majority ownership of the family. The bus family will allegedly retain a minority stake for a period of time, while the share will be retained over 15% for a period of time.
Walter has stakes in many sports franchises Los Angeles Dodgers and Los Angeles SparksPremier League club Chelsea and the professional women’s hockey league. He also owns automotive racing teams through TWG Motorsports, including Cadillac Equation 1. Prior to the agreement, he already owned a stake in the Lakers by buying a 26% share of Phil Anschutz in 2021. Meanwhile, he gained the right to deny most of the shares first.
It is reported that the bus family will retain a minority stake for some time, while a small 15% stake will be retained for some time. Jenny Bus She will also maintain her position as Lakers governor for “at least a few years”, and both sides agree that she will continue to lead the team.
The Bus family’s ownership of the Lakers dates back to 1979; Jerry Buss won the team, King of Los Angeles Jack Kent Cooke’s forum costs $67.5 million. The franchise was given to his children after his death in 2013. The ownership of the family marks the longest management in any team NBAhistory.
Lakers icon Magic JohnsonWalter’s business partner x. “Mark Walter is the best choice and will be the best caretaker of the Lakers brand,” he wrote. “The evidence is about his ability to use the achievements of the Los Angeles Dodgers. Mark has won 2 World Series and 11 NL West Division titles over the past 12 years!”
“I can tell you something about Mark – he is driven by winning, excellence and doing everything right. He will put in the resources needed to win!” Johnson added. “I can understand why Jeanie sold the team to Walter because they were just similar – they were competing people, had huge hearts, loved to give back, and were all willing to be behind the scenes. It all made sense in the world.”
Dodgers manager Dave Roberts also called the deal “a very exciting day for the Lakers in Los Angeles City.” He continued: “He is very competitive and he will do his best to make a championship-win team every year and make sure the city is proud of the Lakers and the legacy they have built with the Bus family.”
