View previous topic :: View next topic |
Author |
Message |
venturalakersfan Retired Number


Joined: 14 Apr 2001 Posts: 145504 Location: The Gold Coast
|
Posted: Mon May 06, 2024 10:59 am Post subject: |
|
|
It was reported at the time, I don’t think that anyone has actually seen Dr. Buss’ transfer of power. If 4 vote to sell, all shares get sold. As Armin stated, it is all or none. As someone already posted, if one party passes their shares are divided among the survivors. That happened when Doc’s ex passed and her 1/7th was spread among the 6 kids. _________________ RIP mom. 11-21-1933 to 6-14-2023. |
|
Back to top |
|
 |
venturalakersfan Retired Number


Joined: 14 Apr 2001 Posts: 145504 Location: The Gold Coast
|
Posted: Mon May 06, 2024 11:01 am Post subject: |
|
|
Halflife wrote: | If her family loves her they would intervene. Get the needed amount of people to sell. Write in that she gets lifetime tix/parking and at least 4 big screen shots a game. |
They are making millions annually for doing nothing, why would they complain? _________________ RIP mom. 11-21-1933 to 6-14-2023. |
|
Back to top |
|
 |
RI Laker Star Player

Joined: 27 Jun 2005 Posts: 7762
|
Posted: Mon May 06, 2024 11:02 am Post subject: |
|
|
venturalakersfan wrote: | Halflife wrote: | If her family loves her they would intervene. Get the needed amount of people to sell. Write in that she gets lifetime tix/parking and at least 4 big screen shots a game. |
They are making millions annually for doing nothing, why would they complain? |
Greed and jealousy come to mind. |
|
Back to top |
|
 |
ArminNBA Star Player


Joined: 20 Sep 2008 Posts: 2232
|
Posted: Mon May 06, 2024 11:29 am Post subject: |
|
|
RI Laker wrote: | lakersfever714 wrote: | RI Laker wrote: | ArminNBA wrote: | RI Laker wrote: | When the TV contract expires, some of the kids will look to get out. If they do (6 @ 11% each) and sell it to the same person or group, Jeannie could lose her power. I could see her ultimately wanting out as well. |
Dr. Buss structured the trust in such a way that it is *all* or *nothing*. The kids can’t sell their shares individually. They must all agree to sell the 66%, or as one of them put it in the Hulu documentary, the last man or woman standing will inherit the whole thing.
One would think there is very little reason for Jesse and Joey to agree to sell, as they stand to benefit the most from standing pat. |
Actually, 4 of the 6 (2 thirds) could approve the sale of the team. It has already been reported that Jim and Johnny previously tried to vote Jeannie out once Jeannie fired Jim. I'm sure there is some bad blood. Because the age disparity of the kids and the crazy money teams are worth, I could easily see 4 of them voting to sell the team. |
First time I've heard of such thing. Where does it say only 4 of 6 is needed? How does that work if only 4 sells their stake and the other 2 retains their stakes? |
https://www.espn.com/nba/story/_/id/18822531/faq-lakers-buss-family-drama
Who knows how accurate this is as none of us know what the trust actually says. |
Interesting. They seemed to contradict this in the Hulu doc.
With that being said, I can’t see 4/6 voting to sell. Jeanie, Jesse, and Joey have little incentive to do so (unless you believe they desperately want to cash out, but their heavy involvement in the team and the way in which their identities/careers/lives revolve around the Lakers would suggest they’d prefer to stay involved than be even more obscenely wealthy).
One could argue that Jeanie has an incentive to join the 4/6, given that her odds of being the last Buss standing are significantly smaller than Jesse and Joey. However, she doesn’t have kids to pass the franchise/riches to. I think she’d prefer to stay the controlling owner for as long as she can, like her father. If anybody watched Backstage Lakers this year, you’d have seen that she even had a wedding party at Crypto before a game after the official wedding ceremony. What would Jeanie do with her days without the Lakers?
I’d be shocked if the Lakers sell any time soon. So let’s just hope Jeanie reflects on the many mistakes and improves as an owner. |
|
Back to top |
|
 |
JUST-MING Retired Number


Joined: 23 Jun 2005 Posts: 44528
|
Posted: Mon May 06, 2024 12:54 pm Post subject: |
|
|
lakersfever714 wrote: | Halflife wrote: | If her family loves her they would intervene. Get the needed amount of people to sell. Write in that she gets lifetime tix/parking and at least 4 big screen shots a game. |
But her family doesn't love her. Definitely not Jim. Dysfunctional family. |
One of her brothers is running for president . |
|
Back to top |
|
 |
paymonM Star Player

Joined: 08 Jul 2003 Posts: 4497
|
Posted: Mon May 06, 2024 12:59 pm Post subject: |
|
|
JUST-MING wrote: | It is interesting how you attribute the net worth of an owner to the quality of the team. Look at who is the cheapest owner on that list. Peter Holt owner of the San Antonio Spurs. Clay Bennett owner of the Oklahoma City Thunder. Wyc Grousbeck owner of the Boston Celtics. Bottom 3 owners by that logic. |
oh I am not necessarily attributing net worth of an owner to the quality of the team. It's more like what those owners did to get to the point they are, whether it's $500M or $150B. In the case of the Buss family, the answer is zilch, and it shows in their lack of vision and how they are running the business. Tossing around FRP after they screwup on signings and trades. Going for the quick fix. Hiring coaches like Magic and Walton. Having Linda Rambis anywhere near the property. It's never ending.
Ofcourse, a high networth doesn't hurt either when you can pay the large salaries of highly competent employees within the front office. |
|
Back to top |
|
 |
JUST-MING Retired Number


Joined: 23 Jun 2005 Posts: 44528
|
Posted: Mon May 06, 2024 1:02 pm Post subject: |
|
|
paymonM wrote: |
Ofcourse, a high networth doesn't hurt either when you can pay the large salaries of highly competent employees within the front office. |
We have a bottom 5 net worth owner, but we spend more each season than 25 other teams. The math doesn’t add up. |
|
Back to top |
|
 |
venturalakersfan Retired Number


Joined: 14 Apr 2001 Posts: 145504 Location: The Gold Coast
|
Posted: Mon May 06, 2024 1:36 pm Post subject: |
|
|
ArminNBA wrote: | RI Laker wrote: | lakersfever714 wrote: | RI Laker wrote: | ArminNBA wrote: | RI Laker wrote: | When the TV contract expires, some of the kids will look to get out. If they do (6 @ 11% each) and sell it to the same person or group, Jeannie could lose her power. I could see her ultimately wanting out as well. |
Dr. Buss structured the trust in such a way that it is *all* or *nothing*. The kids can’t sell their shares individually. They must all agree to sell the 66%, or as one of them put it in the Hulu documentary, the last man or woman standing will inherit the whole thing.
One would think there is very little reason for Jesse and Joey to agree to sell, as they stand to benefit the most from standing pat. |
Actually, 4 of the 6 (2 thirds) could approve the sale of the team. It has already been reported that Jim and Johnny previously tried to vote Jeannie out once Jeannie fired Jim. I'm sure there is some bad blood. Because the age disparity of the kids and the crazy money teams are worth, I could easily see 4 of them voting to sell the team. |
First time I've heard of such thing. Where does it say only 4 of 6 is needed? How does that work if only 4 sells their stake and the other 2 retains their stakes? |
https://www.espn.com/nba/story/_/id/18822531/faq-lakers-buss-family-drama
Who knows how accurate this is as none of us know what the trust actually says. |
Interesting. They seemed to contradict this in the Hulu doc.
With that being said, I can’t see 4/6 voting to sell. Jeanie, Jesse, and Joey have little incentive to do so (unless you believe they desperately want to cash out, but their heavy involvement in the team and the way in which their identities/careers/lives revolve around the Lakers would suggest they’d prefer to stay involved than be even more obscenely wealthy).
One could argue that Jeanie has an incentive to join the 4/6, given that her odds of being the last Buss standing are significantly smaller than Jesse and Joey. However, she doesn’t have kids to pass the franchise/riches to. I think she’d prefer to stay the controlling owner for as long as she can, like her father. If anybody watched Backstage Lakers this year, you’d have seen that she even had a wedding party at Crypto before a game after the official wedding ceremony. What would Jeanie do with her days without the Lakers?
I’d be shocked if the Lakers sell any time soon. So let’s just hope Jeanie reflects on the many mistakes and improves as an owner. |
Agree, I would be shocked if they sell in the next decade. Jim and Johnny might want to, or maybe not. Janie would likely go along with Jeanie. And Jeanie would lose her celebrity without the franchise. _________________ RIP mom. 11-21-1933 to 6-14-2023. |
|
Back to top |
|
 |
venturalakersfan Retired Number


Joined: 14 Apr 2001 Posts: 145504 Location: The Gold Coast
|
Posted: Mon May 06, 2024 1:41 pm Post subject: |
|
|
JUST-MING wrote: | paymonM wrote: |
Ofcourse, a high networth doesn't hurt either when you can pay the large salaries of highly competent employees within the front office. |
We have a bottom 5 net worth owner, but we spend more each season than 25 other teams. The math doesn’t add up. |
Not on non-player personnel. Management and medical staffs are not composed of the best and the brightest. I have a hard time criticizing Jeanie about coaching salaries, her dad was one of the biggest cheapskates when it came to coaching. He thought so little about the position that when he had to pick a coach he made the announcing team (Chick and Riley) co-coaches. _________________ RIP mom. 11-21-1933 to 6-14-2023. |
|
Back to top |
|
 |
BEazy Star Player


Joined: 06 Nov 2013 Posts: 2984
|
Posted: Mon May 06, 2024 1:48 pm Post subject: |
|
|
She's coasting on her father's legacy, and the only reason she's still in the spotlight in LA is because of the Lakers. Selling the team is out of the question for her. In LA, you need substance to be considered an A-list celebrity; without the Lakers, she's just another wealthy older woman. Let's just hope the younger Buss boys inherit their father's intelligence. |
|
Back to top |
|
 |
RI Laker Star Player

Joined: 27 Jun 2005 Posts: 7762
|
Posted: Mon May 06, 2024 2:11 pm Post subject: |
|
|
Dr. Jerry's gift to his dysfunctional family is that FAT TV deal. I think they sell before it runs its course (while the value of the team is very high). The only hope we have is Jesse (seems like the only one who has a good head on his shoulders). |
|
Back to top |
|
 |
JUST-MING Retired Number


Joined: 23 Jun 2005 Posts: 44528
|
Posted: Mon May 20, 2024 8:28 am Post subject: |
|
|
Dr. Laker wrote: |
Cuban says the model is changing from media driven revenue to real estate driven revenue (owning your own building, etc.). Cuban knows nothing about commercial real estate and, at his age, figured it was smarter to partner with real estate moguls than to try to learn a new business.
I started a thread a few seasons ago suggesting that the Lakers build their own building rather than re-upping with Crypto. My guess is that the family didn't want to have to mortgage the team to finance a build, but the Warriors are comfortably paying the Chase Center mortgage just with non-Warriors events.
Ballmer isn't building his arena to get away from the Lakers. He's building it because he's going to make a boatload of money off of it. |
Imagine the day the Clippers are worth more than the Lakers. |
|
Back to top |
|
 |
lakersboy Star Player


Joined: 20 Jul 2006 Posts: 8731 Location: Left coast
|
Posted: Sat May 25, 2024 6:40 am Post subject: |
|
|
venturalakersfan wrote: | ArminNBA wrote: | RI Laker wrote: | lakersfever714 wrote: | RI Laker wrote: | ArminNBA wrote: | RI Laker wrote: | When the TV contract expires, some of the kids will look to get out. If they do (6 @ 11% each) and sell it to the same person or group, Jeannie could lose her power. I could see her ultimately wanting out as well. |
Dr. Buss structured the trust in such a way that it is *all* or *nothing*. The kids can’t sell their shares individually. They must all agree to sell the 66%, or as one of them put it in the Hulu documentary, the last man or woman standing will inherit the whole thing.
One would think there is very little reason for Jesse and Joey to agree to sell, as they stand to benefit the most from standing pat. |
Solution: Stay away from the media. Rake in the $$$$$$$$$$$
Actually, 4 of the 6 (2 thirds) could approve the sale of the team. It has already been reported that Jim and Johnny previously tried to vote Jeannie out once Jeannie fired Jim. I'm sure there is some bad blood. Because the age disparity of the kids and the crazy money teams are worth, I could easily see 4 of them voting to sell the team. |
First time I've heard of such thing. Where does it say only 4 of 6 is needed? How does that work if only 4 sells their stake and the other 2 retains their stakes? |
https://www.espn.com/nba/story/_/id/18822531/faq-lakers-buss-family-drama
Who knows how accurate this is as none of us know what the trust actually says. |
Interesting. They seemed to contradict this in the Hulu doc.
With that being said, I can’t see 4/6 voting to sell. Jeanie, Jesse, and Joey have little incentive to do so (unless you believe they desperately want to cash out, but their heavy involvement in the team and the way in which their identities/careers/lives revolve around the Lakers would suggest they’d prefer to stay involved than be even more obscenely wealthy).
One could argue that Jeanie has an incentive to join the 4/6, given that her odds of being the last Buss standing are significantly smaller than Jesse and Joey. However, she doesn’t have kids to pass the franchise/riches to. I think she’d prefer to stay the controlling owner for as long as she can, like her father. If anybody watched Backstage Lakers this year, you’d have seen that she even had a wedding party at Crypto before a game after the official wedding ceremony. What would Jeanie do with her days without the Lakers?
I’d be shocked if the Lakers sell any time soon. So let’s just hope Jeanie reflects on the many mistakes and improves as an owner. |
Agree, I would be shocked if they sell in the next decade. Jim and Johnny might want to, or maybe not. Janie would likely go along with Jeanie. And Jeanie would lose her celebrity without the franchise. |
|
|
Back to top |
|
 |
lakersboy Star Player


Joined: 20 Jul 2006 Posts: 8731 Location: Left coast
|
Posted: Sat May 25, 2024 6:42 am Post subject: |
|
|
venturalakersfan wrote: | ArminNBA wrote: | RI Laker wrote: | lakersfever714 wrote: | RI Laker wrote: | ArminNBA wrote: | RI Laker wrote: | When the TV contract expires, some of the kids will look to get out. If they do (6 @ 11% each) and sell it to the same person or group, Jeannie could lose her power. I could see her ultimately wanting out as well. |
Dr. Buss structured the trust in such a way that it is *all* or *nothing*. The kids can’t sell their shares individually. They must all agree to sell the 66%, or as one of them put it in the Hulu documentary, the last man or woman standing will inherit the whole thing.
One would think there is very little reason for Jesse and Joey to agree to sell, as they stand to benefit the most from standing pat. |
Actually, 4 of the 6 (2 thirds) could approve the sale of the team. It has already been reported that Jim and Johnny previously tried to vote Jeannie out once Jeannie fired Jim. I'm sure there is some bad blood. Because the age disparity of the kids and the crazy money teams are worth, I could easily see 4 of them voting to sell the team. |
First time I've heard of such thing. Where does it say only 4 of 6 is needed? How does that work if only 4 sells their stake and the other 2 retains their stakes? |
https://www.espn.com/nba/story/_/id/18822531/faq-lakers-buss-family-drama
Who knows how accurate this is as none of us know what the trust actually says. |
Interesting. They seemed to contradict this in the Hulu doc.
With that being said, I can’t see 4/6 voting to sell. Jeanie, Jesse, and Joey have little incentive to do so (unless you believe they desperately want to cash out, but their heavy involvement in the team and the way in which their identities/careers/lives revolve around the Lakers would suggest they’d prefer to stay involved than be even more obscenely wealthy).
One could argue that Jeanie has an incentive to join the 4/6, given that her odds of being the last Buss standing are significantly smaller than Jesse and Joey. However, she doesn’t have kids to pass the franchise/riches to. I think she’d prefer to stay the controlling owner for as long as she can, like her father. If anybody watched Backstage Lakers this year, you’d have seen that she even had a wedding party at Crypto before a game after the official wedding ceremony. What would Jeanie do with her days without the Lakers?
I’d be shocked if the Lakers sell any time soon. So let’s just hope Jeanie reflects on the many mistakes and improves as an owner. |
Agree, I would be shocked if they sell in the next decade. Jim and Johnny might want to, or maybe not. Janie would likely go along with Jeanie. And Jeanie would lose her celebrity without the franchise. |
Solution: Stay away from the media. Rake in the profits $$$$$$$$$$$$ |
|
Back to top |
|
 |
32 Retired Number

Joined: 04 Nov 2009 Posts: 74919
|
Posted: Tue Feb 04, 2025 8:57 am Post subject: |
|
|
Keep up the good work! _________________ Nobody in the NBA can touch the Laker brand, which, like the uniform color, is pure gold.
Last edited by 32 on Wed Feb 05, 2025 12:44 pm; edited 1 time in total |
|
Back to top |
|
 |
lakersken80 Retired Number

Joined: 12 Aug 2009 Posts: 39859
|
Posted: Tue Feb 04, 2025 9:58 am Post subject: |
|
|
I would say Luka was the one that had all the fingerprints of her ownership. LBJ and AD were destined to come to LA. Luka was the one that came out of left field. |
|
Back to top |
|
 |
Kobe Jocker Star Player

Joined: 01 Mar 2004 Posts: 3788
|
Posted: Tue Feb 04, 2025 10:09 am Post subject: |
|
|
lakersken80 wrote: | I would say Luka was the one that had all the fingerprints of her ownership. LBJ and AD were destined to come to LA. Luka was the one that came out of left field. |
How were Lebron and AD destined to come to LA?
Jim Buss left the franchise in cap hell. Jeannie is the one who hired Pelinka. The cap got fixed, and we drafter a great young core. Then we freed up two max slots and got Lebron. Then we used that young core drafted by Rob to get AD. And now Rob traded AD to get Luka and set us up for the next 10 years.
I don't get the hate. Even under Dr Buss and J. West we had a 8 years gap between titles. Jeanie/Rob have a title and have kept us with star players. How many NBA teams can say the same? _________________ "What makes you think a bartender is stupid or incapable of scouting?" ~ Rick12322 |
|
Back to top |
|
 |
|