The end of an era.
The Buss Family Trust is selling its 17.8% stake of the Lakers, according to media reports Monday, giving its final shares of the team to new majority owners Joshua Kushner and Bob Iger, who bought the controlling ownership stake from Mark Walter last week for a record valuation of $12.5 billion. The sale ends a 47-year reign for the Buss family, which turned the Lakers into one of the most recognizable teams in the world.
“We have decided as a family to sell the remaining Buss Family Trust shares to the Bob Iger group as part of the ongoing transaction,” the Buss family said in a statement to ESPN, which first reported the…
Read the full article at SPORTS.YAHOO.COM
