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.
Lawyers for Jeanie Buss and her siblings did not respond to requests for comment.
Fox said one family he works with has a fourth-generation billion-dollar company whose secret to success is that no one in the family is allowed to work for the company.
“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 consortium led by Josh Harris paid $6 billion to acquire the Washington Commanders in May 2023.
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.
Commentary on Dodgers, Shohei Ohtani, and Mark Walter's loans
Mark Walter is under investigation by the federal government over loans connected to insurance companies he owns and controls.
Reports estimate the potentially improper loans at between $16 billion and $20 billion.
The Dodgers were the first MLB team to bring in over $1 billion in revenue.
The Guardian Examines Private Equity and Hedge Fund Investment in the LA Lakers
Mark Walter and Todd Boehly announced their acquisition of a majority stake in the Lakers at a $10 billion valuation in June 2025.
Bob Iger and Josh Kushner are in negotiations to purchase the Los Angeles Lakers for $12.5 billion.
Josh Kushner is the founder and managing partner of venture capital firm Thrive Capital.
“iconic franchises and cultural institutions rooted in tradition, identity, and shared experience.”
Los Angeles Lakers sold for $12.5 billion
Lakers sold at $12.5 billion valuation
Bob Iger said Jeanie Buss would remain in her post for now.
The NBA's board of governors approved the sale of the Buss family's controlling stake in the Lakers at a $10 billion valuation to Mark Walter on Oct. 30, 2025.
NBA Europe is a 16-team league set to launch in October 2027.
Kushner's Lakers purchase prompts speculation about possible Trump role
An unnamed White House spokesperson told Front Office Sports the sale "has nothing to do with President Trump or his administration."
Mark Walter bought the Lakers 14 months ago at a then-record $10 billion valuation.
One of the insurers, Delaware Life, reclassified about $16 billion in investments as affiliated, up from $1 billion.