End of an era: The Buss family says goodbye to the Lakers for good
The history of the NBA is experiencing a moment of absolute transformation. The Buss family has made official the sale of the 17.8% stake they still held in the Los Angeles Lakers, thus closing a legendary chapter in the ownership of the iconic Los Angeles franchise.
This latest transaction completes the total transfer of rights from the Buss Family Trust to the investment group led by Josh Kushner and Bob Iger. It is worth remembering that, recently, this consortium finalized the majority acquisition of the organization for a historic figure close to 12.5 billion dollars.
An indelible legacy in Los Angeles
Through an official statement, the Buss family expressed their mixed feelings about parting with a project they defined as a fundamental part of their lives. Despite their departure from the ownership group, they reiterated their emotional commitment to the city and the team’s passionate fanbase.
We love the Lakers, the Lakers fans, and we will continue to support Los Angeles.
Official statement from the Buss family
The Buss family’s connection to the Lakers began in 1979, when Jerry Buss took the reins of the team. Under his management, the franchise achieved sporting glory, transforming into a global brand and winning multiple championships that marked golden eras in professional basketball.
The future under the command of Kushner and Iger
The transition to the new owners, Josh Kushner—founder of Thrive Capital—and renowned executive Bob Iger, promises to maintain the competitiveness that characterizes the institution. The new owners have expressed their deep respect for the legacy left by Jerry and Jeanie Buss, committing to preserve the Lakers’ prestige in the NBA elite.
- The sale operation is valued at 12.5 billion dollars.
- It represents one of the largest transactions in the history of world sports.
- The Buss family ends their ownership cycle that began more than four decades ago.
- The team maintains its competitive focus with star figures like Luka Doncic leading the current roster.
With this move, an unprecedented stage begins for the Lakers, where the new custodians will seek to honor the team’s history while driving their vision toward the future of professional sports.
