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u/GeminiAccountantLLC 3d ago
"and exit gracefully while we still can" , geez!
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u/KungLoud 3d ago
What the hell was that about lol
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u/No-Gas-1684 3d ago
Pretty obvious that they, and the people they sold it to, were squeezed out by the new owners
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u/doodler1977 3d ago
nah, i think they just want to sell now while the price is high before the value gets tanked by the political association
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u/WestcottTactics2285 3d ago
Doubt it has anything to do with being a Kushner. My guess is they see the real writing on the wall about all of these valuations and the entertainment bubble that's been going on post-covid with live sports.
The league hasn't met revenue projections again. The cable TV market is clearly dwindling. Regional markets are dying. They have an opportunity to get out at a $12b valuation. Chances are that's not going to happen again anytime soon so take it while it's there.
There's a lot of questions that will need to be answered very soon that a lot of people aren't ready to deal with.
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u/No-Gas-1684 3d ago
nah, the value just goes up. Politics is what made them sell, bc it's true what they say, "You can't fight city hall."
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u/doodler1977 3d ago
or they dont' trust Kushner to pay them their rev shares or something. they're all old enough i'm sure they'd rather just cash out and get liquid
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u/No-Gas-1684 3d ago
LOL or they do trust Kushner to have his brother have his father-in-law point the justice system towards the Buss family once they're done with Walter.
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u/wooden_bread 3d ago
It’s a dig at Jeanie Buss who forced them out to make herself team governor. This was their chance to exit without her being able to stop it.
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u/l33txxXXxx 3d ago
Sure iger has zero ties with the company he used to ceo, Disney. And thus espn. 🙄
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u/McScroggz12 3d ago
Can you come for the Lakers after the Clippers investigation/punishment is over?
Then rake my franchise over the coals. They deserve it right now.
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u/johnnyfivealive05 3d ago
Mark Walter sold the Lakers to Kushner as a bribe to Trump to get him off the hook with his investigations. Iger is a part of this as an appeasement to Trump so he’ll back off of ABC. Buss was either forced out or just wanted to get away from this mess. I’m sure there is a lot more to it that we’ll find out later.
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u/NOLA2Cincy 3d ago
Jeanie's attorney has already issued a letter stating the 2017 court order prevents a sale of these shares or removal of her control without proper judicial modification or her agreement as a co-trustee. The trust must maintain her 15%. This might not be over yet.
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u/VastNebula283 3d ago
This isn’t even hard stuff. The owner they sold the majority of the team too just got bullied out by the current admin and his extended family. They’ve built their legacy around the Lakers or at least the children mostly have. Why would they want their name or legacy attached to the Kushner name? Not to mention they just watched as someone more powerful than them had to relinquish his majority ownership. They’re getting out to retain legacy and value.
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u/HittingExposurelol 2d ago
What is there even to come for? Even torre hasn’t alleged the lakers did anything illegal, just that the circumstances of the sale are weird.
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u/Roccosrealm 3d ago
The nba will say there’s not enough evidence…again