Lakers Family Sells Stake to Dodgers Owner Amid Controversy
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Jeanie Buss, the Lakers’ governor since Jerry Buss’ death in 2013, led the family’s decision to sell a controlling stake in the Lakers to Walter, the Los Angeles Dodgers’ owner, last year at a valuation of $10 billion.
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Associated PressJeanie Buss, the Lakers’ governor since Jerry Buss’ death in 2013, led the family’s decision to sell a controlling stake in the Lakers to Dodgers owner Mark Walter last year at a valuation of $10 billion.
Washington TimesJeanie Buss, the Lakers’ governor since Jerry Buss’ death in 2013, led the family’s decision to sell a controlling stake in the Lakers to Dodgers owner Mark Walter last year at a valuation of $10 billion.
BreitbartJeanie Buss reportedly opposes the sale of the Lakers to Bob Iger and Josh Kushner, adding that her siblings cannot sell their stake without her approval.
The Guardian USThe Buss family – who have been either a primary or minority owner of the Lakers since 1979 – made their move Monday afternoon, though it wasn’t clear at the time that Jeanie Buss was against the deal.
USA TodayThe report comes only days after Walter sold the Los Angeles Lakers to a group led by Josh Kushner and Bob Iger, a sale made after less than a year controlling the historic NBA franchise.
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Not all of the six Buss siblings — Jeanie, Jim, Johnny, Janie, Joey and Jesse — were in favor of the deal despite retaining their family trust’s minority ownership stake, and Joey and Jesse were fired from their front-office jobs with the team last November.
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Washington TimesNot all of the six Buss siblings - Jeanie, Jim, Johnny, Janie, Joey and Jesse - were in favor of the deal despite retaining their family trust’s minority ownership stake, and Joey and Jesse were fired from their front-office jobs with the team last November.
NBC NewsNot all of the six Buss siblings — Jeanie, Jim, Johnny, Janie, Joey and Jesse — were in favor of the deal despite having retained their family trust’s minority ownership stake, and Joey and Jesse were fired from their front-office jobs with the team in November.
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The sale agreement still must be approved by the NBA’s board of governors, and the process could take months.
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Associated PressThe sale agreement still must be approved by the NBA’s board of governors, and the process could take months. AP NBA: https://apnews.com/NBA
The Guardian USThe NBA board of governors, which must approve this sale, does not meet until 15 September in New York.
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Walter still owns the Los Angeles Dodgers, the Los Angeles Sparks and, for now, French soccer club RC Strasbourg Alsace. Strasbourg Chelsea partner club is also run by the BlueCo group made up of Walter, Todd Boehly, Swiss billionaire Hansjörg Wyss and Clearlake Capital. Walter also is involved in the Cadillac Formula 1 team through his TWG Global holding company.
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NBC NewsWalter’s sports portfolio expands beyond the NBA. He also owns a stake in the English Premier League’s Chelsea FC, Major League Baseball’s Dodgers and the WNBA’s Los Angeles Sparks.
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Critically for Chelsea, the FT report indicates that not only Walter but also his partner Boehly are exploring selling their sales to Clearlake, which would likely see Clearlake take over almost all decision-making at the club.
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NBC NewsEarlier Monday, the Financial Times reported that Walter and one of his Dodgers co-owners, Todd Boehly, were in talks to sell their Chelsea stakes. The Financial Times cited sources “briefed on the matter.” NBC News has not verified the report.
5 details only one outlet reported
Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
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01 Associated Press She had been allowed to keep the role at least through 2030 under the deal with Walter, and Iger said last week that the new group planned to honor that arrangement — but governors are required to control at least 15% of team ownership.
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02 Washington Times She had been allowed to keep the role at least through 2030 under the deal with Walter, and Iger said last week that the new group planned to honor that arrangement - but governors are required to control at least 15% of team ownership.
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03 USA Today Mark Walter, the billionaire CEO of Guggenheim Partners, is in talks to sell his stakes in Chelsea FC to the club's current majority owner Clearlake Capital, the Financial Times reported Monday, Aug. 17.
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04 The Guardian US The NBA has disputed an ESPN report on the league’s investigation into possible salary cap circumvention by the Los Angeles Clippers.
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05 NBC News Buss’ lawyer, Adam Streisand, accused Joey and Jesse Buss in a letter of leaking “false, defamatory and pernicious ‘information’” to the writer of the ESPN report, Shams Charania.
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Sources (6)
- guardian
- nbc
- breitbart
- washtimes
- ap
- usatoday