Lakers Sold for $10 Billion by Buss Family to Mark Walter

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00:00I never thought I'd see the day that she sold the Lakers.

00:05And I got to be honest with you.

00:06I think she's, well, she's 63.

00:09I think, I said yesterday, if she would have waited 10 years,

00:12I think they would have been worth $20 billion.

00:16But then again, she sold them for $10 billion and, I mean,

00:21and still owns 15% of the team.

00:23She's set for life.

00:25She already was, but now she really is.

00:27Now it's like really locked in her, her future family,

00:33everyone that she knows that's in her family.

00:35And, and then some going generations with that kind of money.

00:39Well, she exactly, Scott, she has the best of both worlds as well.

00:42So she cashes in.

00:43She was already obviously set for life, but now she has, you know,

00:49serious money.

00:50She's a big philanthropist, right?

00:52So I guess there's like no one really next in line that she wanted to leave

00:56the team to, so to speak.

00:58She does do a lot like behind the scenes in the community.

01:02She donates.

01:03She's really into women's rights and women's empowerment and all that stuff.

01:07In fact, she, she created that while wrestling league,

01:11which is like woman, the woman of wrestling,

01:14it's on like syndicated cable on Sunday nights and one in the morning type of

01:18deal, but she supports it, right?

01:20Like, so she has a lot of things going.

01:23I've always been a fan of hers and $10 billion, a lot of money, Scott.

01:27I mean, the family paid 67 million for it.

01:30Now they cash out a 10 billion.

01:33But what,

01:33what I'm fascinated by was the fact that it's essentially the Los Angeles

01:37Dodgers that now own the LA Lakers.

01:40And I've told people for years,

01:42the Dodgers are the kingpins of that city.

01:44Like the Lakers don't have enough money to buy the Dodgers.

01:47The Dodgers have enough money to buy the Lakers, right?

01:50And we just saw this play out right now, but, um, you know,

01:54Mark Walter on a sports just sort of, you know, monopoly right now, Scott,

02:00Chelsea, uh, Dodgers, LA Lakers,

02:04Cadillac, a formula one, the new team,

02:06formula one team coming in the new Cadillac F one team,

02:10WNBA teams, uh, PWHL teams.

02:14He basically owns a little piece of everything.

02:17That's kind of the world we're in right now.

02:19And if you're the Lakers as well, if you're a Laker fan,

02:23I should say, and I see Laker fans are very happy about this, Scott,

02:28because they see the, the aggression, right?

02:31Like some owners want to build their sports portfolio.

02:33Look at a guy in Boston, John Henry.

02:35He wants to build a sports portfolio.

02:37He doesn't really care about winning, right?

02:40It's not about winning.

02:41It's about me owning and making money off these teams, right?

02:44Like the glazers and stuff like these owners that they want to own EPL teams,

02:48NFL teams and baseball teams.

02:50They don't really care if they win.

02:52They're just, they've already won by owning all the teams.

02:54This dude wants to win.

02:56Like, you know,

02:57and as you see what the Los Angeles Dodgers,

02:59how aggressive they are now there's a salary cap with the Lakers.

03:01One thing I will say, I think if you're Rob Palenka,

03:04you have to be a little bit concerned moving forward, you know,

03:08like post-LeBron era, because he's a big, like, bus.

03:12Like how much impact is bus going to have on the team?

03:14She is on the board of governors, but fascinating to me, Scott,

03:17that the LA Dodgers are the ones that end up purchasing the team.

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