The bus family is signing an agreement to sell in Los Angeles Lakers ESPN reported on Wednesday that it is valued at $10 billion, marking the end of the era of one of the most influential families in the NBA.
Mark Walter, CEO and Chairman of holding company TWG Global, will be majority ownership under the Agreement (ESPN) NBA Insider Shams Charania said in a post about X. Walter is already a minority owner of the Lakers, the main owner and chairman of the MLB Los Angeles Dodgers, and the WNBA’s Los Angeles Sparks.
The Lakers did not immediately respond to requests for comment.
The late Jerry Buss bought the Lakers in 1979 and turned it into one of the most popular and valuable franchises of all professional sports, winning five titles in the 1980s’ time of the current idol’s “Showtime”.
His daughter Jeanie Buss took over as chief owner after Jerry Buss died in 2013, making her one of the most powerful women in the movement. The Hyundai Lakers continue to attract big stars and have achieved different successes, including the recent win of the 2020 NBA championship with LeBron James. This year, the group waved a blockbuster deal by Dallas Mavericks star Luka Dončić.
Jane’s bus will continue to serve as governor after the sale, Shalanney reported.
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