Revealing the Lakers team selling for 10 billion US dollars: Jenny continues to be in charge of the Lakers for several years, and the new boss may spend money to win the championship wildly

On June 19, the NBA league reached a super big deal. The Lakers sold most of the team's equity for US$10 billion. Many famous reporters revealed that the Bass family still retained at least 15% of the equity. Jenny Bass will continue to be in charge of the Lakers for several years and receive full support from the new boss.

According to famous reporter shams, Mark Walter, CEO and chairman of the Bass family TWG Global, reached an agreement to sell most of the team's equity, with a transaction valuation of about US$10 billion, setting a record for the highest transaction price for professional sports teams in the world; Lakers' beautiful boss Jenny Buss will continue to take charge of the Lakers and receive full support from the new boss.

Revealed the secret behind the Lakers' selling of the team for 10 billion US dollars -

Walter has become a minority shareholder of the Lakers since he purchased 26% of Phil Anschutz's shares in 2021. At the same time, Walter also obtained the right to refute most of the team's shares.

Shams added that the Bass family will still retain a minority stake of just over 15%, and Jenny Bass will continue to serve as the Lakers' board representative and will continue to run the team for at least a few years.

Ramona Shelburne reported that as part of the deal, the agreement has made it clear that Jenny Buss will continue to control the team's affairs for the foreseeable future, and new boss Mark Walter has expressed full support for the plan.

Lakers team reporter Rodrigo Azurmendi said: Jenny will continue to serve as the team manager because the Bass family retains 15% of the shares, just reaching the minimum threshold stipulated by the league. Therefore, the situation of this transaction is not the same as that of Cuban. This seems to be written into a formal agreement rather than a verbal commitment. Walter also agreed to this clause.

Ramona Shelburne also confirmed that the deal will be different from the way Cuban sells the Mavericks, which is a guaranteed arrangement, and since Walter acquired a minority stake in the Lakers in 2021 and obtained a priority refusal, all this has been a pre-set part, and they have established a solid relationship over the past decade.

Lakers team reporter Dan Woike reported that since Jerry Bass passed away in 2013, the ownership of the Lakers has been transferred to the Bass Family Trust, with Jenny Bass serving as the team's management representative. Due to the arrangement of the trust structure, most of the six children of Bass of the elderly agreed to reach the sale. Anthony F. Irwin revealed that Jenny stayed in office for several years in part to get the employees she hired to execute their contracts, but no one was willing to spend $1 billion to buy something for someone to run, and it was a terrible operation.

Walter became the new owner of the Lakers. A news report with close ties with the Lakers said: I am really excited that the Lakers will be able to let go and put into operation in the way the giants should.

In 1979, Jerry Bass bought the Lakers from Jack Kent Cook for $67.5 million. The Bass family has been in charge of the Lakers for 46 years, the longest-standing one among the existing NBA teams. Now the Bass family sells most of the Lakers' equity at a valuation of $10 billion, but Jenny Bass will continue to be in charge of the Lakers for several years.

The new Lakers boss is not short of money. What other operations will the Lakers complete this summer? Let's wait and see.