[News] Buss family selling the Lakers!
- Thread starter Tetsujin
- Start date
QWERTYLICIOUS
Starter
Tetsu, are you Mark Walter in disguise?
iowamcnabb
Hall of Famer
Weird
Tetsujin
The Game Thread Dude
I wish. It would certainly set my finances at ease.
QWERTYLICIOUS
Starter
It's ok to admit it here; We won't hold it against you!
Worked out great for Cuban. /s
Tetsujin
The Game Thread Dude
I’m not Mark Walter but since Mark Walter is from Iowa that doesn’t rule out @iowamcnabb
Joshyjosh31
Starter
How does he pay 10 billion and Google says his net worth is 6 billion
QWERTYLICIOUS
Starter
Perhaps because he is not entirely funding the purchase with his personal assets.
Joshyjosh31
Starter
I know moderately famous people who google says their net worth is X and they die of laughter because they are way off. Unfortunately for them the googles peg them as far wealthier than they actually are.
iowamcnabb
Hall of Famer
If I start posting Laker friendly content you’ll know why
QWERTYLICIOUS
Starter
I mean...@iowamcnabb is an Eagles fan so, technically speaking, they have already defected over to the dark side.
Therefore, @iowamcnabb being a closeted Lakers fan wouldn't really surprise me at the end of the day.
iowamcnabb
Hall of Famer
The Hoop Collective Pod said the Buss family had all their money tied up in the Lakers, not just a part of their business portfolio like many of the other owners in the league. They have been operating like a “Mom and Pop” business making most of their money off their local tv deal. At one point they made more money off that deal in one week than the Grizzlies did in an entire season. The new owner already owned over 20 percent of the Lakers so the Buss family is selling a bit over 60 percent of their ownership. Now the Lakers have some of the deeper pockets in the Nba. Sam Presti, would you like 100 mil?
I think Presti's methodology is better served in a small market with kind of a cheapskate owner because they didn't throw away future capital trying to drag any combo of Harden/KD/Russ/George across the finish and let them go ahead of schedule. Only KD walked for nothing. They got multiple firsts for all the others. Meanwhile the Lakers have generational talents fall into their laps and only one Mickey Mouse Coronaleague championship to show for it. They signed Bronny to a guaranteed deal. I think they only completely control one of their next 7 first round picks because somehow that idiot in Dallas gave them Luka for below market. It will likely take them 5-6 years to dig out of the mess they are in if LeBron retires a Laker and Luka re-signs for the max.
No disrespect to you or the Hoop Collective, but I thought that had been public knowledge for decades?
iowamcnabb
Hall of Famer
That the Buss family didn’t have a diversified business portfolio? Could be, but it wasn’t something I was aware of.
I imagine Jeannie will get Cuban's fate sooner or later.
Don't feel bad for any of them really.
Don't feel bad for any of them really.
Tetsujin
The Game Thread Dude
Jeannie seems to have gotten most of the money in the sale so I’m sure she’ll be fine. Do sorta feel for the two brothers who thought they were going to be the Marc Davises of the family though
LoungeLizard
Starter
As long as the NBA doesn’t get rid of the cap and starts to allow deferred salaries,….
Tetsujin
The Game Thread Dude
Giannis about to take a 20 year 500 million deal where the cap hit is only a million dollars a season.
There's 6 kids, is that right? And the other 3 took Jeannie's side? I don't know if they were involved in day to day affairs but it seems to be part of the rift. Some people just want their money to do their own thing. No way new ownership going to let half the family run things.
Similar threads
- Yahoo! Sports - NBA - Sacramento Kings News
- Kings News Links
