\n\tThe Dodgers owner buys the Lakers<\/p>\n
\n\tWalter took advantage of a quirk in the Buss family trust to persuade a sale. The trust granted each of the six children equal voting power, but those shares were to be passed down to the surviving siblings upon their deaths. It was a last man standing situation, one that was unfavorable to controlling owner Jeanie Buss. \u201cIf I die tomorrow, my kids benefit a little bit, but they don\u2019t get everything I\u2019m entitled to,\u201d Janie Buss, who sided with her sister, Jeanie, and against her brothers in the decadeslong Lakers power struggle, told<\/a> ESPN. \u201cAs we all go down, it\u2019s all going to end up in Joey\u2019s and Jesse\u2019s hands because they\u2019re the youngest.\u201d<\/p>\n \n\tA $10 billion valuation, the biggest in sports history, didn\u2019t hurt either. And with last year\u2019s trade for perennial MVP candidate Luka Doncic, the Lakers are primed for a decade of championship contention that could see the team\u2019s value surge. Don\u2019t be surprised if Walter, chairman of the L.A. Dodgers and Sparks, adds another ring to his collection in the near future, this time in the NBA.<\/p>\n \n\tKey dealmakers: Neil Barr, Michael Davis, Brian Wolfe and Heather Weigel at Davis Polk & Wardwell LLP (Walter legal adviser).<\/p>\n","protected":false},"excerpt":{"rendered":"The Dodgers owner buys the Lakers Walter took advantage of a quirk in the Buss family trust to…\n","protected":false},"author":2,"featured_media":358434,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57],"tags":[65777,236,88],"class_list":{"0":"post-358433","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-celebrities","8":"tag-business-features","9":"tag-celebrities","10":"tag-entertainment"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/358433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=358433"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/358433\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/358434"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=358433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=358433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=358433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}