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The shocking transaction was suddenly completed! It is worth $10 billion! The Lakers were officially transferred!
12:24am, 20 June 2025【Basketball】
A very surprising thing happened in the NBA today: the Los Angeles Lakers made a big deal, and they did not sell a player, but instead sold themselves.
According to ESPN, the Lakers have officially completed the transfer, and the Bass family has sold most of the shares, leaving only about 15% of the Lakers shares. The Bass family sold these equity shares for $10 billion, which was a sky-high price. In this way, the Lakers' big boss is no longer the Bass family, but the Wall Street giant Mark Walter.
In the summer of 1979, Jerry Bass spent $67.5 million to lay the NBA Lakers, NHL Kings, Forum Arena and 13,000 acres of farms from California media tycoon Kent Jack Cook. For this reason, he sold or mortgaged his real estate business to cash out.
After operating the Lakers for 46 years, the Bass family has allowed the team to win 11 NBA championships, with extraordinary results. But Bass also saw the crisis. Before he died in 2013, he had already turned the Lakers' equity into a family trust fund, and six children needed to vote together, and most people agreed to sell the Lakers.
Walter is a successful businessman who acquired MLB's Los Angeles Dodgers in 2011 through the help of "Magician" Johnson and won the team in 2020. It was also through the relationship between "Magician" Johnson that Walter and Jenny Buss became more and more familiar with each other, and eventually led to today's deal and became the big boss of the Lakers.
It can only be said that an era is over. Although Jenny Buss is still the manager of the Lakers, she is just a small shareholder. Maybe one day she suddenly loses control.
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