Lakers ownership sale to Dodgers group
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Buss family Lakers dispute and lessons on trusts for the wealthy
Steven Fox said the 'last man standing' type of clause is unusual in estate plans.
The 'last man standing' provision transfers a sibling's equity upon their death to their surviving siblings rather than their own children.
Sean Weissbart is a partner at Blank Rome LLP.
“I always tell clients you're going to destroy the relationship between your children. Once three of them gang up on one of them, the one that gets outvoted — and the business then gets sold — is going to harbor bad feelings the rest of their life against these three siblings,”
Josh Harris says Lakers worth $12.5 billion
A group led by Bill Chisholm bought the Boston Celtics for $6.1 billion in March 2025.
Josh Harris said he is not concerned that sports team valuations are reaching bubble levels.
The $12.5 billion paid for the Lakers is an estimated 20 times the team's 2025-26 season revenue.
The Guardian Examines Private Equity and Hedge Fund Investment in the LA Lakers
NBA rules prohibit any individual fund from owning more than 20% of a single team.
Josh Kushner is the founder and managing partner of venture capital firm Thrive Capital.
Jerry Buss bought the Los Angeles Lakers for $16 million in 1979 and was the majority owner until he died in 2013.
“iconic franchises and cultural institutions rooted in tradition, identity, and shared experience.”
Commentary on Dodgers, Shohei Ohtani, and Mark Walter's loans
The Milwaukee Brewers, near the bottom in total payroll, have the best record in baseball as of August 2026.
MLB teams are required to put the present value of deferred contract amounts into specific accounts within roughly two years of the season the money was earned.
Reports estimate the potentially improper loans at between $16 billion and $20 billion.
Los Angeles Lakers sold for $12.5 billion
Lakers sold at $12.5 billion valuation
Walter made a $2.5 billion profit in 14 months from the time he agreed to purchase the team in June 2025 to the sale.
Mark Walter's TWG Global group had owned 26% of the Lakers since 2021.
The Wall Street Journal reported that Walter has been aware of the SEC probe since at least September and had an electronic device seized as part of the search.
Kushner's Lakers purchase prompts speculation about possible Trump role
Sports business analyst Joe Pompliano raised questions about the timing of the sale on X.
Forbes estimates Mark Walter's net worth at $7.3 billion.
FIFA chief operating officer Kevin Lamour accused Infantino of having "deceived" executives and leaving them out of negotiations.