Latest / Locked On Lakers - Daily Podcast On The Los Angeles Lakers
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 skinny
The skinny isn't ready yet — notes appear once the transcript is processed.