The transaction valuation is 10 billion! Jerry Bass bought the Lakers in 1979 for less than 67.5 million
3:00am, 20 June 2025Basketball
June 19 According to famous reporter Shams, sources revealed that the Bass family is about to reach an agreement with Mark Walter, CEO and chairman of TWG Global, to sell most of the Lakers' equity, with a transaction valuation of about $10 billion, which will be the highest transaction price record for professional sports teams in the world!
The Lakers have been owned by the Buss family since 1979, when Jerry Bass bought the Lakers from Jack Kent Cook for $67.5 million, including the Los Angeles Kings (NHL) and the Los Angeles Forum Arena and a 13,000-acre ranch.
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