What's Next for the Lakers, Dodgers, and Team Owner Mark Walter?
A surprise sale of the Los Angeles Lakers has raised big questions about who will own some of America's most famous sports teams.
The Los Angeles Lakers, one of the most famous basketball teams in the world, have been sold to a new group of owners. The sale came as a surprise to many sports fans and reporters. The new group is led by investor Josh Kushner and former Disney CEO Bob Iger. The sale has raised a big question: What will happen next to the other teams owned by billionaire Mark Walter?
Mark Walter owns several major sports teams. His most famous team is the Los Angeles Dodgers baseball club. He also has a share in Chelsea, a top soccer club in England. Many people are now wondering if Walter will be forced to sell the Dodgers next, just like he sold the Lakers.
Reports say Walter is facing pressure from government investigations. He may also need a large amount of money quickly to cover losses in his other businesses. These financial problems may have pushed him to sell the Lakers, even if he did not originally plan to. Selling more teams could help him, but experts say it might not fully solve his money problems.
Baseball star Shohei Ohtani plays for the Dodgers and has a special clause in his contract. That clause lets him leave the team if Walter sells his ownership. Ohtani's team says he does not plan to use that option right now, but they added the word 'yet.' That single word caught the attention of many fans and reporters.
The Lakers sale also stirred up a family fight among the Buss family. Jeanie Buss is the team's controlling partner, which means she makes the big decisions. But her siblings — Jim, Johnny, Janie, Joey, and Jesse — want to sell the family's 17.8 percent share of the team. This would take power away from Jeanie, and the two sides seem far apart on what to do.
In other sports news, the Premier League soccer season has started in England. Many American fans are paying closer attention after watching players compete in the World Cup. Billionaire Jeff Bezos, founder of Amazon, may soon buy Liverpool, a famous English soccer club. Bezos and his partners have already bought 40 percent of the team, and many expect a full purchase to follow.
Golf league LIV canceled one of its team championship events, meaning players will earn less money than expected. LIV Golf has been dealing with money problems for some time. The cancellation was another sign that the league is struggling to stay on solid financial ground.
NFL quarterback Jayden Daniels got into a disagreement with his old college, LSU, over his jersey number. Daniels was upset because the school let another player wear his number, which is 5. His family said they felt 'deeply disappointed and profoundly disrespected.' However, a sports law expert explained that without a special agreement, no one can actually own a jersey number.
ESPN founder Bill Rasmussen passed away at the age of 93. He had the vision of creating a 24-hour sports television network, which became ESPN. Without his idea, the world's biggest sports network might never have existed. Sports journalist Jim Miller summed it up simply: 'No Bill, no ESPN.'
LeBron James launched his own YouTube channel focused on golf, quickly gaining 530,000 subscribers. A WNBA game between the Indiana Fever and the Atlanta Dream drew 2.6 million viewers on ESPN, making it the most-watched WNBA game in network history. These numbers showed that fan interest in both new and growing sports continues to rise.
Absent an agreement, nobody can own a number.
Comprehension quiz preview
1. Who are the new owners leading the group that bought the Los Angeles Lakers?
2. What does the word 'clause' mean as used in the article when talking about Shohei Ohtani's contract?
3. Why might Mark Walter be forced to sell the Los Angeles Dodgers?