Nobody saw this coming.
When the Buss family sold their majority stake in the Lakers 14 months ago — ending 46 years of being a family-run business — it didn’t come out of nowhere. There had been speculation for years that as the deep pockets needed to run a competitive major American sports franchise grew, the Buss family had no choice but to consider this option, and Dodger owner Mark Walter already owned 27% of the team (and had first right of refusal on any sale).
Now, just 14 months later, Walter is flipping the Lakers and selling them to Joshua Kushner and Bob Iger at a valuation of $12.5 billion. The suddenness of the sale caught the…
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