Philip Anschutz has agreed to sell his 27% stake in the Lakers, Dan Woike of the Los Angeles Times confirms. Anschutz is the founder of AEG and owns the team’s arena, the Staples Center. Dodgers owners Mark Walter and Todd Boehly are making the purchase and the transaction values the Lakers at about $5 billion, Scott Soshnick of Sportico reports.
The sale of Anschutz’s stake in the Lakers, which is the largest outside of the Buss family, has to be approved by the league’s Board of Governors. Anschutz also owns of the NHL’s Kings and the MLS’ Galaxy. A major long term question is whether Anschutz’s first right to purchase, should the Buss family ever want to sell its majority stake, will transfer to the two buyers, Ramona Shelburne of ESPN tweets.
According to the Sportico report, the buyers will get those transfer rights.
We have more from the Pacific Division:
- Frank Vogel is entering the final year of his three-year contract with the Lakers and some members of the organization are surprised he hasn’t already received an extension, according to Kyle Goon of the Orange County Register. Vogel could also face numerous staff changes since Jason Kidd, who has agreed to be the head coach of the Mavericks, could take several assistants with him to Dallas, Goon adds.
- Kawhi Leonard has not appeared in the Western Conference Finals and will miss Game 4 on Saturday due to a knee injury, but he’s been a major presence off the court, Kurt Helin of NBC Sports notes. Leonard and another injured Clippers player, Serge Ibaka, have been dispensing advice during games and practices. “Kawhi and Serge both have been great… Kawhi is just more, you know, everything: offense, defense, moving the basketball, how we can attack certain matchups, defensively how we can do different things on certain players,” Clippers coach Tyronn Lue said. “So, he’s always engaged on both ends.”
- Marvin Bagley III‘s future with the Kings remains up in the air and he’s facing a social media backlash from Sacramento fans, according to James Ham of NBC Sports Bay Area. Bagley liked a tweet that stated, “We’ve got to get @MB3Five outta Sac man.” After a negative reaction from fans, Bagley removed any mention of the Kings from his bio on both Twitter and Instagram. Sacramento has already picked up Bagley’s $11.3MM option for next season but he’ll be eligible for free agency next summer.