Jeanie Buss, Household Agree To Promote Majority Stake Of Lakers, Largest Sale Ever

Jeanie Buss and her household have agreed to unload their majority stake of the Lakers, promoting the workforce to L.A. Dodgers proprietor Mark Walter — the most important sale of a sports activities franchise in historical past!!

Shams Charania broke the information Wednesday afternoon, revealing the Busses — who personal 66% of the group — reached a deal to promote the workforce to the 65-year-old businessman on an roughly $10 BILLION valuation.

Jerry Buss, Jeanie’s dad, bought the workforce for a paltry $67.5 million in Might 1979. Underneath his tenure, the Lake Present grew to become one of the crucial common, profitable, and culturally related American sports activities franchises … exploding in worth.

It is unclear how a lot possession, if any, the Buss household will retain … however Walter, who already owns a slice, would be the majority proprietor.

Jeanie will stay the Governor of the workforce.

Walter is the CEO of Guggenheim Companions … and in addition has possession within the Dodgers, the upcoming Cadillac F1 workforce, the Los Angeles Sparks, the Skilled Girls’s Hockey League and the Chelsea soccer membership.

The workforce has but to formally announce the transaction … however the transfer will put the Lakers on the prime of the record of workforce gross sales — fittingly passing historic rival Boston Celtics group, which bought for $6.1 billion.