Second largest shareholder of the Lakers sells his stake / News - Basketnews.com
Credit AFP - Scanpix Billionaire and the second largest shareholder of the Los Angeles Lakers, Philip Anschutz agreed to sell his stake, according to Scott Soshnick and Eben Novy-Williams from Sportico.
So far, it is unknown who the buyer is and how much a 27% stake of the storied NBA franchise will cost. Sale of the stake is also yet to be approved by the NBA Board of Governors.
Majority owner of the Lakers remains Buss family, which owns 66% stake. In most recent valuations, the current NBA champions were valued at 5.14 billion US dollars, only behind the New York Knicks ($5.42 billion) and the Golden State Warriors ($5.21 billion).
Anschutz’s net worth is $15,8 billion, according to the Bloomberg Billionaires Index. He is a founder of sports and entertainment giant AEG, which owns and operates the Staples Center.
Lakers have been playing in Staples Center since 1999 and recently extended their partnership until 2041.
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