Famous reporter: The Bass family has no other business except the Lakers. Although the Lakers are profitable, they are still stretched.
11:43am, 20 June 2025Basketball

June 20th According to reports yesterday, the Bass family is about to reach an agreement with TWGGlobal CEO and Chairman Mark Walter to sell most of the Lakers' equity, with a transaction value of about $10 billion.
ESPN famous reporters Tim Bontemps and Dave McMenamin wrote today: "What is really special about the Lakers is that the Bass family has no other business except the Lakers, that is, they have no important source of additional income, and the Lakers are the whole family.
"When the bosses of other NBA teams come from well-capitalized consortiums, the Lakers rely entirely on their own income to maintain their operations - although the city of Los Angeles has brought certain natural advantages, it is still difficult to avoid money in today's league environment.
"The Lakers were able to barely keep up with other NBA teams because of their broadcast contracts signed with Spectrum - a contract signed in 2012 and a total of $3 billion in 20 years, which is far higher than the broadcast revenue of other teams in the league.
"But the problem is that relying on the recessional regional sports TV network as the main source of funding is destined to be a risky long-term strategy.
"Source pointed out that although the salary cap has increased significantly year by year, the Lakers are still a profitable team in recent years. But in the NBA, every team is racking their brains to pursue every advantage, and the Lakers, who are relatively tight in funds, have gradually lagged behind in this 'arms race'."
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