lakers jeanie buss family sale.

The Buss family’s decision to sell a controlling stake in the Los Angeles Lakers at a franchise valuation of $10 billion marks the end of nearly a half-century when one of the most valuable properties in the entire sports world was run by an eccentric father and his sometimes squabbling children. With high-living playboy Jerry Buss and current team governor Jeanie Buss in charge, the glamorous Lakers essentially have been the professional sports equivalent of a quirky family business for two generations. The Lakers and the Buss clan have been inextricable since 1979, but Mark Walter’s stunning purchase effectively ends this improbable era.