The Los Angeles Lakers will have a new minority owner.
According to billionaire Philip Anschutz he has reached an agreement to sell his 27% minority stake in the Lakers to Los Angeles Dodgers owners Mark Walter and Todd Boehly. Scott Soshnick of Sportico. The sale was not approved by the NBA Board of Governors.
The price of the deal is also unknown. However, Forbes he estimated the Lakers will be worth $ 4.6 billion this year.
Anschutz, the founding founder of the AEG Staples Center, had the second-largest stake in the team behind 66% of the Buss family. Although he sells his stake, Tim Harris, president of commercial operations, told Sportico he doesn’t see the team breaking its lease at the Staples Center, which doesn’t expire until 2041.
The Lakers will soon be the only NBA team to call home the Staples Center as the Clippers are on track to move to their new arena in Inglewood in 2024.
The Lakers are in some extensive change this season after a losing streak for the Phoenix Suns in the first round. It is unclear whether these changes played a role in Anschutz’s decision to sell his stake in the team.