Shams talks about Jenny Buss selling Lakers: $10 billion is the reason This is an unprecedented astronomical figure

June 19, on June 19, ESPN famous reporter Shams revealed that NBA Lakers owner Jenny Buss sold most of the Lakers shares to wealthy Mark Walter for $10 billion, but she will still be responsible for managing the club. In this regard, Shams talked about the reason why Jenny Bass sold the team on the show.

According to previous famous reporter Shams, 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. Jenny Buss will continue to serve as the team's manager after the team's sales. Shams reported that sources revealed that Mark Walter is about to reach an agreement to acquire most of the Lakers' equity from the Bass family, with a transaction value of about $10 billion, which will be the highest transaction price record for professional sports teams in the world.

It is understood that the Bass family acquired ownership of the Los Angeles Lakers in 1979, and the cost was $67.5 million. After 46 years of running the team, the Lakers were sold for $10 billion, and the Bass family made 150 times.

Shams revealed on the show: "The Lakers boss Bass family is reaching an agreement to sell the iconic team and sell the 17-time championship team Lakers to New York Dodgers boss Mark Walter, with a valuation of $10 billion. This is the largest deal in global sports history. For the team acquired by the late Jerry Bass in 1979, 10 billion is a historic figure."

At that time, he bought the Lakers for $67.5 million. Today, 46 years later, the Lakers are selling for $10 billion. The Bass family looks to want to hold the team forever, but now they are selling the team, and I was told that even after the Lakers are sold, Jenny Bass will remain as chairman and the Bass family will maintain a 15% stake.

"The team will be held by Dodgers owner Mark Walter, who is also interested in other professional sports teams, including the Los Angeles Sparks of the WNBA and an F1 team."

Speaking of the reasons why the Bass family sold the Lakers, Shams said: "There are 10 billion reasons! Jenny Bass and the Bass family looked to be holding the Lakers permanently. Both executives of the team are members of the Bass family, that is Brother Bass Brother, Joey Bass and Jesse Bass, they are considered to be rising stars in the NBA management circle, even as bosses. $10 billion is of course an astronomical figure, and of course a higher goal style will be set up. Think about it, this is the largest team deal in the history of world sports, which includes football teams, or overseas football clubs, including NBA teams, MLB teams, any sports team, that's the reason! ”