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عاااااااااااااااااااااااااااااااااااااااااااااااااااجل — رسميًا:
بهذه الطريقة المميزة، فكرة مبتكرة ومجنونة!!!! 😨💛
نادي الإتحاد يعلن التعاقد مع اللاعب الكولومبي ريوس!
😱😱😱😱😱😱😱💛💛💛💛💛💛💛
The Buss family Lakers investment breakdown:
🔸 Purchase price (1979): $67.5 million
🔸 Sale valuation (2026): $12.5 billion
🔸 Return on investment: 18,500%+
🔸 Years of ownership: 46
🔸 NBA Championships during era: 11
One of the greatest sports investments in HISTORY.
🚨 Breaking: The Buss family have decided to sell their remaining 17.8% ownership stake in the Lakers to new majority owners Josh Kushner and Bob Iger, per @ShamsCharania
Buss family and the Lakers are officially done after 47 years ❌
The Buss family just sold its last piece of the Los Angeles Lakers. Not the majority, that went to Mark Walter a year ago. This is the final 17.8 percent, sold to Josh Kushner and Bob Iger, and it removes the family from the franchise completely. Jeanie Buss loses the governorship along with it. After 46 years, the Busses no longer own any part of the Lakers, and the thing that finally ended it was the same structure Jerry Buss built to make sure it never would.
Jerry Buss bought the Lakers in 1979 for $67.5 million and spent the rest of his life making sure his children would never lose them. When he died in 2013, he didn't hand the team to one heir. He put his controlling stake in a trust and split it evenly among all six of his kids, an equal 11 percent each, so nobody would be favored and nobody would be cut out. He prepaid the estate taxes. He wrote in buyout provisions and safeguards designed specifically to keep the team from being sold under financial pressure. He built the trust around a tontine, an old structure where a sibling's share passes to the surviving siblings when they die, because in his final years he had become obsessed with the family holding the Lakers together, permanently, as one unit.
The whole architecture had one purpose. Make selling unnecessary, and make it hard. Any sale required four of the six children to agree, a supermajority meant to ensure no single disgruntled kid could ever break up what he'd built.
That supermajority is exactly what sold the team.
Here's what Jerry Buss didn't account for. He engineered the finances perfectly and forgot the people. The equal shares he thought would prevent resentment instead locked six siblings with different lives and a long history of feuding into a business none of them could individually leave. Jim and Johnny tried to force Jeanie out in a 2017 coup. Jeanie fired Jim. The family that was supposed to run the kingdom together spent a decade in lawsuits and cold wars, held together by a father who was no longer there. People close to the Lakers said Jerry himself was the only glue, and when he died, the glue died with him.
Then came the number no trust provision can survive. When Jerry Buss bought the Lakers they cost $67.5 million. When his family finished selling, they were valued at $12.5 billion. At that price, holding on stops being a family decision and becomes almost impossible to justify. You can build safeguards against creditors, against a bad year, against financial pressure. You cannot build a safeguard against your own asset becoming so valuable that keeping it feels irrational. Sentiment survives a lot of things. It does not survive a billion-dollar check per sibling, handed to a group that was already barely speaking.
The family's own statement said it plainly. They love the Lakers, they wrote, but it was time to move on and "exit gracefully while we still can." That last phrase is the tell. This wasn't taken from them. They chose to get out at the top, together, because the alternative was watching the feud grind on while the number kept climbing.
And the cruelest detail is what it does to Jeanie. When Walter bought the majority last year, the deal let her stay on as governor for five years, the last real piece of Buss control. But NBA rules require a governor to own at least 15 percent of the team. Selling the family's final 17.8 percent drops her to zero, which means she doesn't just lose the shares. She loses the chair. The daughter who chose the Lakers over her own family in 2017, who fought her brothers in court to keep control, is now completely out of the franchise her father built his life around.
Jerry Buss wanted his children to hold the Lakers for generations. They held them for twelve years after his death. The plan he spent his final years perfecting, the trust designed to make selling nearly impossible, is the exact instrument that took the family from majority owners to nothing in barely a year. He protected the Lakers against everything except what actually happens to families, and to money.
🚨 The Los Angeles Lakers are being sold for a record-breaking price of $12 BILLION to American businessmen Josh Kushner and Bob Iger, per @ramonashelburne
The franchise has now been sold twice in less than 18 months 😳