AA-Sport > Basketball > Behind the Lakers change of ownership, brothers and sisters turn against each other and make bitter fruit! Dividends are in a dilemma, and the dream of a champion is broken by money!
Behind the Lakers change of ownership, brothers and sisters turn against each other and make bitter fruit! Dividends are in a dilemma, and the dream of a champion is broken by money!
Good guy! A full $10 billion! The Lakers, sold it! The legend of the Lakers for 46 years of the Bass family has come to an end? If you think this is a simple business, you really underestimate the grudges of this wealthy family! The drama hidden behind this is even more bloody than "Game of Thrones" and is more cruel than any palace drama - brothers and sisters turn against each other, and the legendary star "magic" Johnson has been dormant for more than ten years and stages the "Return of the King"!
The most amazing thing is, do you know why the Lakers have been stinging money in recent years, and even a hero like Caruso can't keep it? The transactions Irving are always full of thunder and rain? The root of this is the "six-child dividend system" left by Old Bass! Last year, each of the brothers and sisters could still get more than 10 million US dollars, but what if they pay a large amount of luxury tax? OK, it shrank to two or three million! If you are the ones, would you be happy? No matter how skilled Jenny Bass is, he can't hold back six wallets to stare at the same pot and share it! Today, let’s take a look at the secrets of this wealthy family and see the unknown fatal rifts behind this record-breaking sky-high price of 10 billion!
Los Angeles Lakers, the famous golden sign in the NBA, has been in the hands of the Bass family for a full 46 years. The 11 golden championship trophys are real glory! The old man Jerry Bass was even praised as the altar and entered the Hall of Fame, with a glory. Back then, Bass started his business with real estate, and his vision was so pissy! In 1979, a single hand was 67.5 million US dollars (not to mention that at that time, even now it was astronomical!), and he won all the Lakers, the Kings of Ice Hockey Team, and the famous forums and stadiums, and was known as the "King of California Sports". That was so glorious! Unfortunately, my family is big and my business is big, but my family’s foundation is still not solid enough. Other industries have been sold one after another, and in the end, the Lakers are the only ones who are the most popular!
The feelings of old Bass for the Lakers are engraved in his heart. He will not sell them until he was beaten to death. He is determined to be a heirloom for his descendants to be a family heirloom. He has six children (four births and two births out of wedlock), and they are all arranged to join the Lakers management to experience it, thinking that someone can inherit his father's business. But who would have thought of it? The old man's body was not cold. The rule of "majority can only sell stocks if most people agree" in the family trust fund he carefully designed during his lifetime laid the groundwork for today's 10 billion transaction. The old man may have foresaw the disagreement of his children, but he could not resist the temptation of money and power. The 46 years of dynasty hegemony finally came to an end, and a sigh!
As soon as the old man left, the Lakers' heaven changed immediately! The originally intended successor, the eldest son John Bass? Unfortunately, people don’t care about basketball at all, travel music is true love. Being the president of the WNBA Sparks was a success. After winning two championships, he patted his butt and left! Look, the burden fell on the shoulders of the second son Jim Bass and the eldest daughter Jenny Bass. This brother and sister are incompatible with each other! Jim took his confidant general manager Kupchek to firmly control the team's basketball affairs; where is Jenny? Behind it is the legendary coach "Zen Master" Phil Jackson, who is in charge of business operations. The two factions fought openly and secretly, and no one could defeat each other for a while, and they had been in a stalemate for many years.
Until 2010, when the "Zen Master" retired, Jenny instantly became the "bare commander". Jim saw that the opportunity came! I immediately made a big move with ambitious intentions and spent money to form a new version of "F4" (Kobe, Gasol, Howard, Nash), hoping to kick Jenny out of the championship trophy and prove to the old father on the sickbed that he is the true emperor! What's the result? Hey, it has become one of the most numerous jokes in NBA history! The injury continued, the running-in failed, and the ended up being in a mess! The national idol drama "F4" has become a "happy comedian"!
What's even more amazing is that before his death, Old Bass specifically instructed Jim to invite the "Zen Master" back. Jim's little bit of a crackling sound: "I just drove this 'wolf' (referring to the Zen master who supports Jenny) away. Can he still let him come back and bite me?" He invited the "moustache" D'Antoni with his backhand, and also extended the contract of Kupchek to 2018 in one breath! result? Kobe fought until the Achilles tendon ruptured, Howard patted his butt and left, and the Lakers completely fell into the abyss of reconstruction! After Kobe retired, he held a lot of salary space. Jim was as fierce as a tiger when he was retiring. He saw that his record was zero and five! The shareholders were anxious. After all, they were still waiting to make money by dividends: "Jim, are you okay? We are waiting for the rice to be put into the pot!" What's even more slutty is that Jim wanted to make small moves and completely squeeze out Jenny, but was caught by the shareholders! This time, Jim forced himself to "do it" and Jenny Bass successfully counterattacked!
Jenny finally took power, and Lakers fans thought the hard days were over? Too young too simple! The "treasure" left by Old Bass is also a "tight curse"! The old man is smart and his will is clearly written: the 66% Lakers shares in his hands, the six children (John, Jim, Jenny, Jani, Joey, Jesse) scored equally! No one can take more of each person! And want to sell? The majority of people must agree! The worst thing is that the money and dividends earned by the team have to be distributed to six people! Jenny is usually responsible for the voting rights of those younger brothers and sisters, but the dividends are directly transferred to their respective pockets!
There is a big trouble now! Why have the Lakers been stinging money in recent years? Why let the champion puzzle Caruso go? Why are you hesitant about operations such as Irving's transaction and taking over Joe Harris that may involve large luxury taxes? The root is in this "six people share money" system! To give a real example, last year the Lakers made more than 100 million US dollars. After deducting various operating costs, they were assigned to six brothers and sisters. Each of them could still get more than 10 million (that's an eight-digit number!). But what if you renew Caruso, or take Joe Harris' contract, renew LeBron with a maximum salary, and sign Irving? My God, the luxury tax bill can directly soar to hundreds of millions of dollars! Once this astronomical tax is paid, it will be distributed to six people? Good guy, the money each person may only have a pitiful two or three million left! It directly shrank by 70% or 80%!
Even if Jenny wants to gamble for the championship, will her younger brothers and sisters be happy? After all, the Bass family has basically no other business except the Lakers, and dividends are its main source of income. How could this be a pure basketball decision? It is clearly the family finance committee that is settled! The dream of a championship? In the face of real money and silver dividends, sometimes we have to stand aside. This is the ultimate truth about the Lakers' lack of recruitment and conservative operations over the years! It's heartbreaking for the fans when I think about it.
Who bought the Lakers in the end? Second shareholder Mark Walter! Wall Street giant, the CEO of Guggenheim, also holds the baseball giant Los Angeles Dodgers. But take a closer look, who is the one standing next to Walter? Lakers legend, "Magic" Elvin Johnson! The grudges and revenge between this man and the Bass family, especially Jim, are so exciting!
Magician was once a small shareholder of the Lakers (holding 5% of the shares) and served as the team's vice president. He had a close personal relationship with Jenny, but he looked down on Jim, the former designated successor of Old Bass, and thought Jim was a "prodigal son". So, the Magician turned on the "mouth mode", criticizing Jim's decision in the media for being stupid and extremely pessimistic about the Lakers' future. In 2010, he made a decision that shocked the basketball world: he sold all the Lakers shares in his hands at a high price to Chinese rich man Huang Xinxiang, completely drawing a line with the Lakers! Do you think this is over? Is this called "retreat"? wrong! This is exactly the first step of his careful layout of "return"!
As soon as he left the Lakers, the magician helped Walter do something earth-shaking - successfully acquired the Los Angeles Dodgers! Why? Just because of his unparalleled influence and mixed connections in the Los Angeles sports world! Among many competitors, Walter was able to stand out and the magician was the number one hero. What's even more amazing is that with the help of the Magician, the Lakers and the Dodgers have been so close in the past ten years, and Lakers stars have been playing at the Dodgers at home and have become a repertoire program. Looking back now, the magician paved a golden road for himself to save the country!
Now, Walter can successfully win the Lakers and become the new generation of "King of California Sports" who owns both the Lakers and the Dodgers. The magician is good at strategizing behind the scenes and is good at dancing, and is definitely the number one promoter! He endured and hiding for more than ten years, from leaving the field angrily back then to trading the 10 billion chess game behind the scenes, he staged a "Prince Revenge" that can be called the most gorgeous and most satisfying world of sports! The era of the
Bass family has officially come to an end. A new chapter between Walter and the Magician has begun. Looking back on the 46 years of storm, from the ambition of Old Bass starting from scratch, to the brilliant glory of the 11-Crown Dynasty, to the helpless sigh of siblings, and finally let go of the "six people share money" system dilemma... Isn't this just about the transaction and delivery of a team? This is clearly an epic of wealthy families intertwined with money, power, family affection and pure sports dreams!
In today's highly capitalized professional sports, even the most glorious family dynasty may collapse under the tearing of internal interests and the impact of external capital. The romantic vision of Old Bass' hope for the family to be sustainable can ultimately be no match for human nature's instinctive desire for wealth and its profound differences in business philosophy. The wealthy family is also a mess in the deep house. No matter how dazzling the championship glory is, it sometimes cannot withstand the cold reality of the shrinking dividends.
The story of the Lakers' change of ownership left us not only topics of conversation after dinner. It is like a mirror, reflecting the complex core under the glorious appearance of professional sports - the eternal game between loyalty and interests, inheritance and change, short-term dividends and championship dreams. When the fate of a team is divided into six dividend accounts, has the pure sports spirit been clearly marked without realizing it? This is worthy of deep thought by every one of us who loves sports. The dynasty will come to an end and legends will change, but the purest desire for victory in the hearts of fans may be the never-ending fire of professional sports. I wish the Lakers can regain the courage and determination to be desperate for the championship in a new chapter! After all, there are always some things on the basketball court that should be more precious than the numbers on the ledger.
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