Billionaire Philip Anschutz, 81, is set to sell off his significant stake in the Lakers to two of the owners of the Dodgers, according to a report.
Sportico was the first to report the pending deal, which could see Anschutz, the founder of entertainment giant and Staples Center operator AEG, sell his 27 percent share of the team, which won the 2020 NBA title. The Lakers were valued at $4.6 billion by Forbes earlier this year and could be worth more than $5 billion.
The reported buyers are Mark Walter and Todd Boehly, among the owners of the Dodgers, who are coming off their own 2020 championship run. The sale would have to be approved by the NBA’s Board of Governors before becoming official.
The reported deal would make Walter and Boehly the largest minority owners of the Lakers, as well as give them the right of first refusal to a larger controlling sale, according to Sportico. Walter and Boehly are partners with Lakers great Magic Johnson through their ownership of the Dodgers.
The Lakers have been controlled by the majority stake of the Buss family since 1979, when the late Jerry Buss purchased the team. His daughter Jeanie Buss is now the controlling owner and team president.
The Lakers’ long-term future is tied to AEG through their lease with Staples Center, which was officially extended through 2041 last month. With the Clippers building their own arena in Inglewood, the…