June 18, 2025 • 42 mins
BREAKING NEWS: Lakers are getting sold. Petros and Money break it down with Big Game James Worthy. Secret Textoso Roundup.
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Episode Transcript
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(01:19):
PMS on demand by subscribing to the podcast and as
your home of the World Series champion Dodgers. We do
have a bit of a relationship with the ownership group
known as Guggenheim Group and Mark Walter. As of course
AM five to seven e LA Sports is in a
partnership with the Dodgers and therefore the Guggenheim Group.
Speaker 4 (01:40):
It is quite a to do. The Bus family is
selling majority ownership of the Lakers to the guy that
wears his hat like a fourteen year old in nineteen
ninety two, so high with the hair under the bill
like a sweet flume, or bangs out Mark Walter for
(02:02):
evaluation of what is it approximately ten million, ten billion dollars.
Speaker 2 (02:07):
Ten billions. So whatever percentage they sold them, it is
that percentage of ten. If it's fifty one percent, it's
five point one billion. The Bus Family is cashing out,
so on and so forth.
Speaker 4 (02:18):
The largest sale of a professional sports franchise in US history.
And I guess you figured that if the Lakers ever
sold that it would be the largest sale ever. Walter
earned the first ride of refusal. If the Bus family
ever decided to sell their sixty six percent State when
(02:40):
he purchased phil Enschittz twenty six percent state in twenty
twenty one. Matt remembers that.
Speaker 2 (02:47):
If I'm shinshoo chew, I'm like, hey man, you want
to want another couple ten fifteen percent there?
Speaker 4 (02:53):
Mark, I'm stuck with this newspaper. No one reads a newspaper.
Speaker 2 (02:56):
Anything I interest you in ten or fifteen percent more there?
Speaker 4 (02:59):
But so Genie Buss will continue, our dear friend Jenny
with a big weenie will continue to serve in her
role as governor after the sale. But how long will
that be the case? Help me out, Matt?
Speaker 5 (03:15):
Was it? Ned?
Speaker 4 (03:16):
COLLETTI kept on for a little while as like a
shadow GM or a helper GM.
Speaker 2 (03:23):
He was there for a couple of years, I think
a year maybe two, to.
Speaker 4 (03:27):
Show him where the scissors were in the drawer and stuff,
and then he moved on to the TV radio.
Speaker 2 (03:33):
Yeah. The governor, you know, the governor is the owner.
Like the governor is selected by ownership to represent the
ownership's interest in the league. Like that's what the governor does.
You go to the league meetings, you're voting on competition
committee rules and rule changes. You're the one that approves
or declines the collective bargaining agreement. That's it, Like, that's
(03:56):
just that's not a ceremonial position.
Speaker 4 (03:58):
Here's not. But obviously the governor would be influenced by
by the owner. Yeah, by the owner. But how long
would Jeanie Buss be left in that position? Stan Casting
as we know, who's the guy that they immediately hired
to come take care of the Dodgers who came from Atlanta,
I believe has a pretty extensive NBA background with the
(04:18):
Hawks in Atlanta, I believe. And I'm not sure what
it means for how long, Genie. I mean, if you
do a job every day because your family owns the business,
that's one thing. If you do a job every day
after somebody gave you, however many billion dollars, you might
want to just take her however many billion dollars and
(04:40):
go far, far away at some point. Who knows what
she'll do. But it's something interesting. I mean, our friend
Steve van dorn right, his family sold vans to that company,
and he's as involved as anybody you could ever imagine. Yeah,
I mean, he's right there.
Speaker 2 (04:57):
Cooking hot dogs. The thing with governor is like it
it's just a weird name. Like the board of Governors
in the NBA is just the board of owners, but
they call it governors. So it sounds like a Fortune
five hundred company, right because they all have a board
of governors. So like that's what makes this weird. Literally,
it makes it a little weird that Genie stays on
(05:17):
it because you've got to be the owner in order
to be the governor. Like you can't just send a
proxy and say, hey, this is our governor on the Lakers,
Like it has to be someone from owner, someone who
is in the ownership group.
Speaker 4 (05:31):
Best guess. Then I'd say two or three years for Genie,
but she has to still own part of the team.
Then she still has to have an ownership stake in
order for her to be the governor. Well, they seems
like they sold it. We'll see how it plays out.
Jerry Boss bought the Lakers from Jack Can't Cook. They
didn't start the Lakers. A lot of people don't know
(05:51):
the history because we just live in a moment. Jack
kent Cook in nineteen seventy nine for sixty seven and
a half million dollars and the franchise passed, of course
to his children, and Genie was the governor when he
passed away in twenty thirteen. But remember Jim Buss and
the bartender and all that stuff, they had some serious
(06:15):
infighting within the situation. Now I do believe that we
did We did mine out like because we talked to
Genie Buss a lot more than most people, and she
comes out and talks to us in person and has
for a long time once a year in our summer tour,
and I believe we asked her about this. Where her
(06:39):
closest confidants in the NBA governor's community. Like you said,
other owners sold their teams in the last two years.
Mark Cuban sold a majority stake in the MAVs for
three and a half billion, and.
Speaker 2 (06:53):
Wick Grouse back sold the Celtics.
Speaker 4 (06:55):
Yeah, so that's a six point one billion for the Celtics.
Remember everybody's eyes popped out when that became a thing,
and it just seemed like we'd had this discussion for years, Matt,
what's in it for them to stay in this when
it's obviously a hedge fund or corporation or these bigger groups,
(07:16):
the type of people that Mark Walter represents that are
having more success in the modern pro sports ownership than
maybe the mom and pop shop and the charm of
Doctor Buss's Lakers of yesteryear.
Speaker 2 (07:29):
This season notwithstanding, of course, with Oklahoma City in Indiana
in the finals, not that you know, they don't have
a lot of money, but yeah, what you look regularly
the Golden State Warriors are owned, you know, by Larry
Ellison and that group that you know, Larry's worth twenty
thirty billion dollars. You look at football and you know
(07:51):
more and more corporate entities now that they've been allowed
so many teams. You know, the Chargers just did it
to polls and the group that owns the to Try Pistons,
I can't remember the name of the cap. Platinum Capital,
I think is who they sold a chunk to. And
it's just part of competitive balance when you've got to
write a check and player contracts are now in the
(08:12):
quarter of a billion to a third of a billion
to in Show Ayotani's case, you know, seven hundred million dollars,
Like you've got to be able to have that capital
to either put an escrow or you know, on an
annual basis, and it's just becoming harder and harder for
owners whose entire net worth is connected to the equity
of their team to operate, even with the incredibly lucrative
(08:36):
television contracts, to compete in that space. You know, when
when when Mark Walter can pay one hundred and thirty
to one hundred and fifty million dollars in luxury taxes
for the Dodgers every single season and not blink it,
it makes it hard for Jerry Reinsdorf to run the
Chicago White Sox. And that's why they lose one hundred
(08:57):
games a year because he just doesn't have that kind
of money to compete anymore.
Speaker 4 (09:01):
And just for a little bit of a follow up
on some of the information that we've been giving, it
looks like you have to be at least a fifteen
percent owner to be a governor. I'm not sure if that.
I don't know where that fits with what deal Genie
made with Mark Walter, but I guess we'll figure it out.
And just as a great idea for how much sports
(09:23):
has changed since nineteen seventy nine. For the sixty seven
million dollars in seventy nine from Jack Kent Cook, Jerry
Buss also received the Lakers, the Kings, and the Forum.
Speaker 2 (09:38):
And you know what, Jack Kent Cook got the christ
the Chrysler building. Jerry Buss owned the Chrysler building and
he did not have the cash. And I believe it
was the Chrysler building that he had to trade as leverage.
Remember we had Roland lasin beyond when he wrote he
had the great book. It was kind of the detailed
(09:59):
history of the Lakers. I think it was called The
Show is the name of that book, and he was
going through and I remember both of us like, holy crap,
what a deal. I feel like it was the Chrysler
building that he traded as part of that sixty seven
million dollar price tag to Jack Kent Cook for the Lakers.
Speaker 4 (10:17):
So very interesting times, and then you figure what's going
to happen? How different will the Lakers be? The first
thing everybody thinks, at least in our realm, is, oh
my god, we're not going to get nailed by the
king anymore. Like I don't have to lay underneath Lebron
staring at the cracked ceiling fan in a motel room
being used up by the King. Maybe these guys can
(10:42):
do a deal to get our well, just to get
our basketball identity as a town out from under the
terrible thumb of prostitution. Yes, you see it in the movies,
(11:03):
you know where like it's a young prostitute or something
and like you know, pretty woman and they kissing right
not on the mouth, but you see it in the movies,
like this was a toot and now they live a
life of luxury like we could as as La Basketball
people that have to follow this and deal with the
(11:25):
news every day, we could be getting out, like somebody's
gonna save us from our pimp. Somebody's No, somebody's gonna
be Captain Savahoe. It's just like Mark Walter saved us
from Frank Mccortlooney, Mark Walter is gonna save us from
getting nailed by the kid, yep.
Speaker 2 (11:44):
And he saved us from McCourt and now and McCourt
got the boot and he got to keep the parking lots. Lebron,
I'm gonna let you keep that Holmby Hills home that
had the racial epithet spray painted on the gate. But
you're not gonna be a Laker anymore. I mean, you
pack your bags and you get your Taco Tuesday barbershop
ass out of here.
Speaker 4 (12:06):
I would love that, and I think a lot of
people would what about Rob Polenka, right, does Magic want
back in? I bet you Magic is going over there
right now, Like, hey, remember when I quit right in
the middle of the thing.
Speaker 2 (12:19):
I'm back right Well, I mean there is there is
a connection to the Lakers that's working for Mark Walter
over at the Dodgers and has a connection to Magic
Johnson that certainly could find his way back over to
the Purple or the Forum, blue and gold side of
things in Lon Rosen all those years that he worked
alongside the Lakers. That's, you know, and certainly an interesting
(12:43):
line to perhaps draw if you do want to change
something in that front office with Tim Harris and Rob
Polenka and the influence that Clutched Sports seems to have
over him. When it's the bus family and it's their
only asset, it makes it tough, right, You're kind of
in a bind. You need Lebron James and you need
to sell those season tickets. When you're Mark Walter and
you're worth fifteen billion dollars, it's like, hey, if you
(13:05):
pound sand and your stupid barber getting on the plane,
you know it's.
Speaker 4 (13:10):
I heard Linda Rambas just ordered her third Scotch and
water at the spot in Sampedro on twenty second in Pacific,
Because what what's Lenda Rambus going? I did right, No
one's in it. Like that's not like Genie's gonna chip
her off one hundred million bucks. Linda Rambus is not
going to have her. She's not gonna be She's not
going to be relevant anymore.
Speaker 2 (13:31):
I mean maybe Genie as an executive, maybe she cut
her in for like point zero five percent steak, you know,
back in the day, like you incurred. Here's what I'm doing.
You're my bestie. Hell no, how about point zero zero
one percent. I'm gonna take care of you. I mean,
because Mark Walter, when you're the majority owner, you call
the shot. You're the majority owner. Now, so like you said,
(13:51):
if it's fifteen what you said it was fifteen percent,
you have to own to be a governor. So if
they own sixty six percent, all all Mark has to
have is, you know, over fifty one percent. If you
already had twenty five, all he's got to do is
buy twenty five, thirty thirty five, whatever the percent is.
And the siblings, all six of them. Jeney Janey, Johnny
(14:12):
Jim Joe and Joey, you know, can then each keep
two percent or one and still you know, have find
a way to have a role, even though it would
probably be considerably more ceremonial than it was in the past,
unless Mark Walter just wants to keep status quo going.
(14:32):
But you would assume, you know, that they like what
he did with ned and and with the Dodgers by
bringing in Andrew Friedman and Stan Casten, that that's gonna change.
Speaker 4 (14:44):
I want to tell you one think I don't know.
I'll tell you one thing that's gonna change. You're not
gonna see j Moore at the Haha Hole on Pico anymore.
Speaker 2 (14:51):
No you no, you're not. He's going to buy out
the Universal Amphitheater and play on that stage.
Speaker 4 (14:58):
That Linda Rambis is at the Spot and Sampedro and
the bartender just came up and said, we don't have
any more drinks for you. Jymore just bought this bar
and you have to be beat it. Oh what a
turn of events.
Speaker 2 (15:12):
It's crazy.
Speaker 4 (15:14):
Well what can it mean?
Speaker 2 (15:17):
I mean, I've always wondered for the family owned franchises.
When does it get to the point where you're just like,
how do we continue to hold onto this asset that
was worth, you know, two hundred million dollars fifteen years
ago and is now worth ten billion. Are we really
(15:38):
going to catch?
Speaker 3 (15:39):
Like?
Speaker 2 (15:39):
How much more do we want this thing to be
worth before we pull the trigger and each of us
walks out of here with a minimum of two hundred
and fifty million dollars in our pockets Like that's.
Speaker 4 (15:51):
And you know, Genie could still be very, very visible.
We don't know what's going to happen.
Speaker 2 (15:56):
I hope she is.
Speaker 4 (15:57):
We mentioned Steve Van Dorn and he's the face of
that company. He's everywhere Vans is. They're run by a
bigger corporation now, but he's been there fifty eight years
and he's texted us he's not going anywhere. He's part
of it. And you could certainly feel that way with
the Lakers. You know, it's in Genie's blood. She's always
(16:20):
been there. As far as everybody else goes, they're not
as visible as her. So we'll have to see how
it plays out. But if it's anything like when the
Mark Walter Gougenhean group took over the Dodgers, this thing
is going to be running a completely different more modern way,
they're going to be a lot more competitive. The Dodgers, well,
(16:40):
they just immediately became competitive everywhere. I mean they just
immediately started making moves and immediately started making an impact.
And I mean it's like this every summer, so we've
become pretty or every off season, so we've become pretty
insulated to it. But just the embarrassment of Riches. Oh,
they signed this game, sign that guy, they signed on Tani,
(17:01):
they signed the soaky, they signed Yamamoto, the Adrian Gonzales
and Mookie Betts. I mean, it goes on and on
and on. Are they gonna run the Lakers like that?
Speaker 3 (17:10):
I think the thing was they will.
Speaker 2 (17:12):
I think the thing with Genie p like, unlike McCourt.
McCourt was toxic, right, the ownership group was toxic. Genie's
not toxic. Like nobody looks at her and says, oh,
if we could just be rid of Genie.
Speaker 4 (17:23):
Bus now she's not. But so we love Genie. Yeah,
but I mean, to gently pushed back, Genie's not toxic.
But the brand is. I mean because Lebron.
Speaker 2 (17:33):
Right, I mean, you know it's been but yeah, that's
my point. Like, I think that's more the direction Ronnie's there. Yes,
I think that's more the direction where Jeanie and Mark,
you know, behind closed doors. She's like, yeah, I behold
this guy, and I hate it and I wish, but
I can't afford to get rid of them. Like, to me,
that's the pet, not Hey, let's push Genie up, let's
(17:54):
get Clutch Sports out of here, and let's run this
like a real franchise.
Speaker 4 (17:57):
If Laker fans continue to see Genie busses face posts
sale like they will, they're not upset. If they had
continued to see Frank McCourt's face the parking lots, yeah,
there would be there would be a lot of anger.
I mean, I remember Magic Johnson just straight up live
at the press conference when it bought the Dodgers. He
(18:19):
was like that Frank McCourt has nothing to do with this. Well,
he totally does. He owns a parking lot, dude. His
gondola is sitting in the parking lot right now. Uh,
he does have something to do with it. It's bunny,
you've gotten rid of him completely. Nobody thinks about him
because they've done such a great job with it, and
nobody cares who owns the parking lot, as long as
it doesn't cost as much to park at the uh
Dodger Stadium as it does at the end to it Dome.
(18:41):
But beyond that it's too much. I think you're right.
I don't think anybody cares if Genie's still around, because
she's not a toxic person to people in LA, but
the product under her governorship, for whatever reason, I would
I could argue, has become a little toxic.
Speaker 2 (18:56):
Yeah, because I think it's because the one guy.
Speaker 4 (19:01):
Right. I think as soon as you cut ties with me,
somebody had to invite all the lies. Somebody had to
invite that vampire into the house. But if you are
going to cut ties with all the loss that we've
been living in, I think people would be quick to forgive.
Speaker 5 (19:13):
Jeez.
Speaker 4 (19:16):
Yeah, we're talking about Jabron.
Speaker 2 (19:17):
Lames exactly right, Jebron, how do you like.
Speaker 4 (19:20):
That lebron little sea change and shift in the world.
Speaker 2 (19:26):
You ain't got to retire Lebron, but you ain't staying here.
Speaker 4 (19:28):
What if they're like, we love Lebron and his star
power and we're gonna give them another seven years.
Speaker 2 (19:33):
That makes me very sad.
Speaker 4 (19:35):
Lawn would never allow that. He's a Kobe guy, right,
get over there line and clean things up, raw assumption
and breaking news. Petro. Somebody nobody does a better job,
and so we just won't be defeated Wednesday, James Worthy,
(19:56):
Thank god, we got it. We'll join us next.
Speaker 1 (20:04):
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Speaker 2 (20:49):
Through the end of June.
Speaker 4 (20:50):
James Worthy, what a wonderful appearance. He had with us
last Friday at the Rock, and Bruce and Elsa Gundo
really perform for the people and gave us some great insight.
We had a lot of fun doing a live show.
It's been a while since we have. We were at
the Hooters that isn't there anymore. And it's a historic
(21:12):
day and I'm sure a bit of an emotional day
for James Worthy, who has worked with and for the
Bus family for many, many years. Because of his affiliation
with the Lakers, Jeanie Buss and her siblings have sold
the majority share of the Lakers to Mark Walter and
the Guggenheim Group, the people that own the Dodgers basically,
(21:35):
so here to discuss it is James Worthy one of
the greatest Lakers of all time, no matter who owns
the team, his jersey will be in the rafters, Emmy
Award winner at Spectrum Sportsnet and a hero to us all. James,
how are you welcome to the show? What was your
initial reaction to hearing this news?
Speaker 5 (21:55):
Well, you know, I don't know if anybody you saw
this coming. Usually, uh, there's usually like a little leak
of something like this happened. I didn't hear anything I
really never thought that, you know, when you when you
when you grow up kind of with doctor Buss and
(22:15):
and Frank Marianni and and Bill Sharmon and and Chick
hern and you know, some of the business people upstairs.
You just never think of the Lakers not being owned
by the Bus family. There's I believe six siblings involved
and done some of doctor Buss's younger kids, Joey and
(22:37):
Jesse who's been involved. I just fuck that it would
be passed on, uh to one of those you know,
younger kids at some point after Jenny. So this is
a it's not a shock that the teams get sold,
but majority of it going away, uh to some great
(22:58):
owners' making a mistake about the Dodger organization, but to
not beyonder the Bus family. It's a little I mean
for me, right, for guys who only knew the buses us.
It'll take a couple of days to think in But
I'm sixty four and changes happened, and this is one
(23:22):
that I'd expected. But here we are.
Speaker 2 (23:25):
You look, Steve, Steve Balmer is worth one hundred and
twenty five billion dollars. We've seen more and more of
these franchises sell out to you know, ownerships, ownership individuals
like Balmer, or ownership groups that are worth you know,
who are some of the richest people on the planet.
Did you ever did you ever feel like James like
(23:46):
just competitive balance wise, that it was getting harder for
the Lakers to compete with I would say probably fifty
percent of the league, if not more now having ownership
groups that are in that you know, top one hundred
richest people in America sort of group of owners.
Speaker 5 (24:04):
Yeah, I mean, look, look at if I'm not mistaken,
I think I read somewhere where the the Celtics sixty
one billion dollars to this guy build chess home or
something like that. So yeah, when you when you have
when when teams have have caught up to you where
(24:25):
it's no longer you know La, you know, on the
West coast with all the big money. Now you've got
Golden State, Now you've got Oklahoma, now you've got so Yeah,
your destination doesn't always have to beat Los Angeles. Now
as there's a time where you know, guys who come
just want to come to La eating to play for
(24:46):
the Clippers. They would come CEP three and those guys,
even though we had CP three first. But yeah, it's
it's different now when you have franchises that that have
the money that could pay the players. Even some of
these small market teams like San Antonio five championship, they don't.
(25:07):
They don't spend a lot of money, but the ownership
is going up, you know, due to television and value
and that type of thing. So I'm not surprised. I
just thought the Bus family were in it for the
long run forever, so you know, with the family members
that they have, but you know, that's that's something that
(25:29):
we don't have, you know, privy to to know, you know,
what they want to do with the team.
Speaker 4 (25:34):
We were with James Worthy last week and talked about
how the NBA changed when you when earlier in your
career when Larry O'Brien gave way and David Stern became
the new commissioner. I mean, I don't know, comparing baseball
to basketball is like comparing apples to oranges in some ways.
But pro sports is pro sports, and team infrastructure is
(25:56):
similar in a lot of places. How many changes do
you think will be made right away? I mean, this
is different than we were just talking about then when
they took over for Frank McCourt, who was enormously unpopular.
Like you're saying that Bus family and brand is still
quite popular in the city. What do you think will happen?
How different will this look?
Speaker 5 (26:18):
Well, they know that they're getting a solid family brand.
I mean what Jenny has been able to do after
her father has been remarkable. She's kept us, you know,
at the top. So they're getting a top organization now.
In the corporate world, when you buy a new company,
(26:43):
one of the first things you do is you start
making a lot of changes. You start cleaning up things
that you think need to be cleaned up. And I
don't know what that is, but I know that historically
when you buy a new company, it's just like you know,
when you become a new president. You're bringing in your
own people. You may make some changes, and that is
(27:06):
yet to be seen. I mean, we still have Lebron
James this on the squad. Yeah, and so I'm sure
the new ownership is maybe talking to him as we speak.
You never know, just to see, you know, where the
future is going. We have Luca, we have some trades
(27:28):
to make. So I'm not that familiar with how baseball
is run, but I think when it comes to infrastructure
and and and how to run a successful organization, it's
not going to be too far from what they've been
able to do with the Dodgers as.
Speaker 2 (27:44):
Well, coming off a postseason in which they were bounced
in emphatic fashion by the Timberwolves, following another postseason where
they got where they exited in the first round. Is
this do you get the sense that this is something James,
that that could be fixed with just being able to
write that big check saying yeah, we don't. We don't
care about the luxury tax. We're going to take on
(28:05):
some salary. We're going to figure this out and if
it means, you know, we got to send the NBA
one hundred million bucks at the end of the year,
we're going to do it. Or or do you think
there's a more sizeable gap between where the Lakers are
right now with their roster and some of the teams
like the Timberwolves and the Thunder and the Rockets that
you know, the Nuggets that we're advancing to the second
(28:25):
round in the conference finals of the playoffs.
Speaker 5 (28:29):
Yeah, I don't know. Man, in the old days, I
don't think coach, I don't think owners like like luxury taxes.
Luxury taxes may be a little easier to pay and
maybe a little easier to rebound. I'm not sure, but
I think, you know, the Dodgers have proven they don't
mind paying. Yeah, I mean, I talk about the Dodgers,
(28:52):
So if they bring that same mentality to the Lakers,
they're not going to mind paying, you know, to get
some success ye uh to this team. And when you
have a player like Luca and you can go out
and get another big dog and you don't mind coughing
up some change it could you know, it could be
(29:12):
something that can turn around quickly. Or they might want
to see how you know, a year goes, or they
might want to see if Lebron's going to retire. I
don't know, but they got the money and they don't
mind spending it. I'm talking about the Dodgers now. Whether
they're going to do that with the Lakers has yet
to be seen.
Speaker 4 (29:32):
I think I think they will. It seems like a
very similar brand, right, I.
Speaker 5 (29:39):
Mean, It's like it almost seems like they have to
if they want to get back to, you know, uh
being the number one team you know in the league.
Speaker 4 (29:49):
Which is interesting, James because you know, you talked about
our background and and I mean, my god, the TV
show that came out, and of course it was controversial
in the story, as were you know, embellished, but it
reminded everybody of that time and reminded everybody of what
doctor Buss was like. And you know, they even had
his tailor making the suits. Uh, we're never going to
(30:11):
have that again, are we. We're never gonna have an
owner like that again. That era of pro ownership seems
to be over completely.
Speaker 5 (30:21):
Uh. Yeah, doctor Buss was an amazing owner. I didn't
know anyone like him during that time in the NBA.
I just didn't know another NBA owners that had that
kind of you know, insight and you know, that kind
of creativeness, being very innovative in a lot of what
(30:43):
the league did as far as it grows. Uh. Now,
you see you know companies, you see you know multi owners.
I mean you still got to Jones in Dallas and
but but you know, you're saying a lot of you
know a lot of sales teams that are going to
bigger congomerates who can spend tons of money and they
(31:07):
want success immediately. So yeah, it's interesting in sports, you know,
when I came in the league, I think number one
draft kick four hundred thousand dollars before tastes, and then
you know, it escalated when we got a TV contract.
Things started to get better than the balloon payment started.
(31:29):
But now it's I guess there's a young kids say
today it's off Tahzi right now.
Speaker 2 (31:34):
Yes, I believe they say they all get their bag?
Is what these players get?
Speaker 4 (31:39):
A new bag?
Speaker 2 (31:40):
Last thing, James, you mentioned, you know, Petrosus mentioned in
the Winning Time show that came out, and then right
behind it you got Running Point on Netflix all about
Genie Buss another one we know the brand, and both
of those shows a lot about ownership as players, and
like you said, it's a lot different now, right, But
how much do you think this impacts players? You know,
(32:02):
knowing that oh yeah, I got I got an ownership
group that's that's worth twenty thirty billion dollars now and
that's going to you know, factor into my decision where
I want to sign or where I'm going to be
demanded to be traded to. Do you think that has
any play at all? And if so, can you put
like a percentage on it? Or are these guys just
going to take the fattest check, and that's what it's
(32:23):
always going to be.
Speaker 5 (32:25):
I think it. I think it has a hundred percent.
I think it has one hundred percent of how players
are thinking. It's going to be like the Lift tournament. Okay,
you're going to give me some money, I'm coming to
get it. And I think I think you know, I
(32:46):
was at the Dodge game the other day that I
was sitting close to some agents, some baseball agents, and
so the influence that their representative has on you is critical.
And so if if if your job is to make
sure your guy gets paid the best he can get
paid and can be in a winning environment, and the
(33:08):
Lakers organization is I would have to say, you know,
the top team Boston obviously, but still Golden State has
proven it of late, but the Lakers are on There's
not so many teams they can say even though it
was the bubble, there's not so many teams can say
they can win a championship five years ago. So the
(33:30):
Lakers are into winning. And I think with this new merge,
I mean this new sale, if I'm an agent talking
to a player, I'm like, they got the money. It's
the city they got marketing. The weather's great, they got Luca.
What are you thinking about? Let's go get this bag
and I can get me a little bag too, That's
what the agents are saying.
Speaker 2 (33:51):
Well, James Worthy, of what a day to have James
with the breaking news about an hour and a half
ago that the Lakers have showed sold the majority. The
Bus family has sold their majority stake to Mark Walter
and the Guggenheim Group, who of course runs the Dodgers.
James Worthy joins just courtesy of the twenty twenty five
Ford F one fifty, from California's best selling truck brand.
It is time to see Ford in a new light,
(34:13):
take advantage of employee pricing through the end of June.
Speaker 4 (34:16):
Those agents, you know, that's I guess.
Speaker 5 (34:19):
The one thing I guess, the one more thing we
have to think about is like, what's Magic's involvement gonna be?
You though he's heavily involved with the Dodgers, Let's let's
see how that I'm soold guy, that's.
Speaker 2 (34:31):
James Worthy's involvement gonna be. That's what I want to know.
Speaker 4 (34:34):
I mean, if I'm job, I need a job, if
I'm Polenka man. Anyway, we love you, James.
Speaker 5 (34:43):
All right, by any time, guys, take care.
Speaker 4 (34:47):
He's right about those agents, Matt. Why do you think
they ran Michael Jordan back out on TV? What do
you think they ran poor Tom Brady out there? I
can make how much just by sending this idiot and
call games?
Speaker 2 (35:00):
I think you can do it.
Speaker 4 (35:01):
Tom?
Speaker 2 (35:02):
You sure? I got kind of a squeaky voice and
an awkward delivery. Nah, you'll be great.
Speaker 4 (35:06):
Hey, Joe Montana, here's some La gear street walkers.
Speaker 2 (35:10):
They look ridiculous if they look good on you, Joe
street Hike.
Speaker 4 (35:16):
Heyf I'm Polenka. Matt. I'm looking in the mirror right
now and painting on the clown nose? How could you
do this to me, Jeanie. Magic's gonna come back in
here and put.
Speaker 2 (35:26):
It on me and quit in the middle of a game.
Speaker 4 (35:32):
But I won't be here to pick up the slip.
Speaker 2 (35:34):
Hey, what's up? Magic? Come here?
Speaker 5 (35:35):
Bill?
Speaker 2 (35:35):
I got something to say? Is that right?
Speaker 5 (35:40):
Hey?
Speaker 4 (35:40):
That never happened?
Speaker 2 (35:41):
Jame's going on right right now? I was gonna cover
the game. Magic, Yeah, I think you're gonna want to
be here for this.
Speaker 4 (35:46):
That never happened. Okay, that's gonna be a race, Matt.
All of that stuff's going to be a race from
the internet.
Speaker 2 (35:52):
Strawberry pancakes aren't erased.
Speaker 4 (35:53):
Somebody's asking me like, Hey, do you think so and
so will go back to the Lakers? Do you think
so and so will go back to the Lakers? Do
you think Magic will go back? Said? Yes, that is
their home, that is their shangri La, go home, that's
your home, that's your home. Why don't you just go home? Yeah,
I don't want to be on your home. We'll be
right back. Epic News and we're out on it like
(36:16):
a lizard on a limb.
Speaker 2 (36:17):
Shure rights itself today.
Speaker 4 (36:18):
Guys, God my god, it.
Speaker 3 (36:26):
Hello PMS listener.
Speaker 1 (36:29):
Did you know Am five seventy LA Sports has a
wide range of LA sports podcasts.
Speaker 3 (36:35):
There's Rogan and Rodney, that one is my favorite, Dodger
Talk with David Vasse, the Dodger Podcast of Record, Clipper
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Speaker 1 (36:43):
Just go to AM five to seventy LA Sports on
the iHeartRadio app.
Speaker 2 (36:51):
Oh yeah, that's rush of money. Big thank you to
James Worthy. What a coup to have him on the
schedule today. I mean, my gosh, everything is coming up
Roses for the Pet Trust Some Money Show. We're already
booked to do the show from the Suite on Monday,
said Mark Walter. And the Guggenheim Group is buying the
majority stake from the Bus family to own the Lakers.
We're on a run.
Speaker 4 (37:11):
They're going to be like a shellfish fork to all
the things that people don't like about the Lakers that
Genie will not extract.
Speaker 2 (37:20):
I will crack that crab claw so get you will
get all of me. Look behind the shed, We've had
a little more clarification. Like you said, Matt, it looks
like the Buses are going to be able to maintain
fifteen percent, so they will maintain that governorship. But this
will be a gigantic shift. Regardless of that, it's.
Speaker 4 (37:42):
Still Genie Bus upfront as the face of the team,
as they said for some years. Is what's being reported.
But I think there'll be some major decisions being made
in regards to the Lakers as time goes on, and
it makes everybody think about what about Johnny Brams and
(38:03):
what about Jabron Lames. Johnny Brames and Jabron Lames, what
is to happen to them?
Speaker 2 (38:10):
That's that to me is the the that's the piece
that's the most interesting.
Speaker 4 (38:17):
Is the billion dollar question.
Speaker 2 (38:18):
Yes, if Clutch Sports has in fact had an out
an oversized influence on the way the Lakers are run,
will a one hundred billion dollar entity like the Guggenheim
Group allow Rich Paul and Lebron to continue to put
their imprint on this franchise?
Speaker 4 (38:35):
And right, if Genie couldn't tell them what to do,
we'll find somebody that can. And that is probably the
best prospect as far as news goes for you. And
I somebody sent me a text that said, there's a
lot of hating so far. You guys should take it easy.
And I sent a text back of a middle finger,
(38:57):
but like the cartoon Simpson's color middle finger. Right, But
if he sends another text, I'll send a black one
and a white one.
Speaker 2 (39:03):
Who's hating you guys have been celebrating this sale?
Speaker 4 (39:06):
Well, everybody we said they're gonna let Lebron keep his
home deals.
Speaker 2 (39:13):
You could keep that. Uh No, The hating is consistent,
and it's directed at one individual, not the organization. It's
a huge victory for the organization. I think that the
Genie stays on she continues to be the governor, the
face of the franchise and ownership. But you have an
influx of hundreds of billion, not hundreds of millions, billions
(39:34):
of dollars to spend, and.
Speaker 4 (39:36):
A group, and a group that has proven that they
know how to run a sports team in the modern.
Speaker 2 (39:41):
Era, focused on winning, sparing no expense.
Speaker 4 (39:43):
And I don't know if if Genie and them have
done that.
Speaker 1 (39:48):
With the.
Speaker 4 (39:49):
Way it's been with Lebron, it's totally sucked. Here's a
text that says, this reminds me of this investment property
I was looking at and the owners were selling cheap
because they could not get the tenants to pay their
rent or to leave.
Speaker 3 (40:04):
Hashtag Sabron legs Laranga.
Speaker 5 (40:09):
The secret text does a fine brought to you by
your so called Toyota dealers.
Speaker 4 (40:14):
We make it easy. This one says Johnny Brames is
actually the prodigal son of Sobron.
Speaker 2 (40:21):
Wade, and he will not make his return. You're not
allowed back here, Johnny Brames.
Speaker 4 (40:26):
Give him water, Hey Pete, will this change you? Guys?
Inviting Jeannie with the Big Weenie on the summer tour
or is she always invited? Always, always invited standing invitation.
Jeanie calls her shot. She names her location that she
wants to and she's she's made Anaheim. She's done all
(40:48):
the way out on Thousand Oaks, San Pedro, San Pedro.
Jeanie travels.
Speaker 2 (40:52):
Yeah, she is fantastic to the Petros and money shows,
specifically on the summer tour.
Speaker 4 (40:58):
Pee is the Lakers deal the all and be all
to finally sending Jabron Lambs packing. That's what we're helping.
That is our hope, this is our understanding. Dude. Pete
Genie is toxic. She doesn't know what she's doing.
Speaker 2 (41:15):
How dare you?
Speaker 4 (41:16):
I mean, letting lebron run this s all these years
proves that.
Speaker 2 (41:20):
Hey, I make money again any point. You don't have
all the billions of dollars and you've got enough bronze
sexuals as you like to call them, that are willing
to pay thirty five hundred bucks per seed court side.
Speaker 4 (41:33):
It just feels like, you know, nobody wants to play
with Jabron.
Speaker 2 (41:36):
Lambs does feel that way?
Speaker 4 (41:44):
And what about Bryce? He's sitting in Arizona, Like, what's
gonna happen to me?
Speaker 2 (41:48):
Northern Arizona? Dude? Flagstaff, You're gonna be heading north with
my friend.
Speaker 4 (41:53):
Flagstafs calling you brother.
Speaker 2 (41:57):
A yeah ten Freeway.
Speaker 4 (42:02):
Hey Laker people, I want you to meet a guy
named Lon Rose and he's coming to see you. Yeah.
He used to hang out at the Sizzler across the
street back and the form of day.
Speaker 2 (42:11):
All you can eat yellow at that salad bar, green
and red.
Speaker 4 (42:17):
Ha. We'll be back with more as this historic day unfolds.
The Lakers have been sold an angel is a centerfold
How's the stream stream commencing broadcasting on a M five
to seventy LA Sports and streaming on the iHeartRadio while.
Speaker 2 (00:07):
The longest running afternoon sports show in the city.
Speaker 3 (00:09):
No congratulations necessary. All traces of Fred Rogan have been removed.
Speaker 1 (00:14):
This is Petros in Money, Thank You, Thank You, hosted
by Petros Papadaecas terrible person, He's the worst.
Speaker 3 (00:22):
And Matt money Smith.
Speaker 4 (00:25):
The pipes, the pipes, the pipe.
Speaker 3 (00:27):
Don't miss an episode. We're with you.
Speaker 1 (00:29):
Yeah, follow the Petros in Money Show wherever you get
your podcasts now Here's Petros Papadacus and Matt money Smith.
Speaker 4 (00:41):
What are theay.
Speaker 5 (00:44):
Wow?
Speaker 4 (00:44):
If there's something to talk about, they don't have to
get out in fifty three I guess three eight experience
is the only prophecy of wise men.
Speaker 2 (00:58):
Bully me, Petros Money A five seven e LA Sports
Live everywhere on the iHeartRadio app. You're home of the
World Series Champion Dodgers Dodgers Padres Galpin Motors broadcast booths
seven to ten pm. First Pitch Dodgers on Deck at
six pm. You can hear the show live streaming on
the iHeartRadio app. Using the presets, you can listen to
(01:19):
PMS on demand by subscribing to the podcast and as
your home of the World Series champion Dodgers. We do
have a bit of a relationship with the ownership group
known as Guggenheim Group and Mark Walter. As of course
AM five to seven e LA Sports is in a
partnership with the Dodgers and therefore the Guggenheim Group.
Speaker 4 (01:40):
It is quite a to do. The Bus family is
selling majority ownership of the Lakers to the guy that
wears his hat like a fourteen year old in nineteen
ninety two, so high with the hair under the bill
like a sweet flume, or bangs out Mark Walter for
(02:02):
evaluation of what is it approximately ten million, ten billion dollars.
Speaker 2 (02:07):
Ten billions. So whatever percentage they sold them, it is
that percentage of ten. If it's fifty one percent, it's
five point one billion. The Bus Family is cashing out,
so on and so forth.
Speaker 4 (02:18):
The largest sale of a professional sports franchise in US history.
And I guess you figured that if the Lakers ever
sold that it would be the largest sale ever. Walter
earned the first ride of refusal. If the Bus family
ever decided to sell their sixty six percent State when
(02:40):
he purchased phil Enschittz twenty six percent state in twenty
twenty one. Matt remembers that.
Speaker 2 (02:47):
If I'm shinshoo chew, I'm like, hey man, you want
to want another couple ten fifteen percent there?
Speaker 4 (02:53):
Mark, I'm stuck with this newspaper. No one reads a newspaper.
Speaker 2 (02:56):
Anything I interest you in ten or fifteen percent more there?
Speaker 4 (02:59):
But so Genie Buss will continue, our dear friend Jenny
with a big weenie will continue to serve in her
role as governor after the sale. But how long will
that be the case? Help me out, Matt?
Speaker 5 (03:15):
Was it? Ned?
Speaker 4 (03:16):
COLLETTI kept on for a little while as like a
shadow GM or a helper GM.
Speaker 2 (03:23):
He was there for a couple of years, I think
a year maybe two, to.
Speaker 4 (03:27):
Show him where the scissors were in the drawer and stuff,
and then he moved on to the TV radio.
Speaker 2 (03:33):
Yeah. The governor, you know, the governor is the owner.
Like the governor is selected by ownership to represent the
ownership's interest in the league. Like that's what the governor does.
You go to the league meetings, you're voting on competition
committee rules and rule changes. You're the one that approves
or declines the collective bargaining agreement. That's it, Like, that's
(03:56):
just that's not a ceremonial position.
Speaker 4 (03:58):
Here's not. But obviously the governor would be influenced by
by the owner. Yeah, by the owner. But how long
would Jeanie Buss be left in that position? Stan Casting
as we know, who's the guy that they immediately hired
to come take care of the Dodgers who came from Atlanta,
I believe has a pretty extensive NBA background with the
(04:18):
Hawks in Atlanta, I believe. And I'm not sure what
it means for how long, Genie. I mean, if you
do a job every day because your family owns the business,
that's one thing. If you do a job every day
after somebody gave you, however many billion dollars, you might
want to just take her however many billion dollars and
(04:40):
go far, far away at some point. Who knows what
she'll do. But it's something interesting. I mean, our friend
Steve van dorn right, his family sold vans to that company,
and he's as involved as anybody you could ever imagine. Yeah,
I mean, he's right there.
Speaker 2 (04:57):
Cooking hot dogs. The thing with governor is like it
it's just a weird name. Like the board of Governors
in the NBA is just the board of owners, but
they call it governors. So it sounds like a Fortune
five hundred company, right because they all have a board
of governors. So like that's what makes this weird. Literally,
it makes it a little weird that Genie stays on
(05:17):
it because you've got to be the owner in order
to be the governor. Like you can't just send a
proxy and say, hey, this is our governor on the Lakers,
Like it has to be someone from owner, someone who
is in the ownership group.
Speaker 4 (05:31):
Best guess. Then I'd say two or three years for Genie,
but she has to still own part of the team.
Then she still has to have an ownership stake in
order for her to be the governor. Well, they seems
like they sold it. We'll see how it plays out.
Jerry Boss bought the Lakers from Jack Can't Cook. They
didn't start the Lakers. A lot of people don't know
(05:51):
the history because we just live in a moment. Jack
kent Cook in nineteen seventy nine for sixty seven and
a half million dollars and the franchise passed, of course
to his children, and Genie was the governor when he
passed away in twenty thirteen. But remember Jim Buss and
the bartender and all that stuff, they had some serious
(06:15):
infighting within the situation. Now I do believe that we
did We did mine out like because we talked to
Genie Buss a lot more than most people, and she
comes out and talks to us in person and has
for a long time once a year in our summer tour,
and I believe we asked her about this. Where her
(06:39):
closest confidants in the NBA governor's community. Like you said,
other owners sold their teams in the last two years.
Mark Cuban sold a majority stake in the MAVs for
three and a half billion, and.
Speaker 2 (06:53):
Wick Grouse back sold the Celtics.
Speaker 4 (06:55):
Yeah, so that's a six point one billion for the Celtics.
Remember everybody's eyes popped out when that became a thing,
and it just seemed like we'd had this discussion for years, Matt,
what's in it for them to stay in this when
it's obviously a hedge fund or corporation or these bigger groups,
(07:16):
the type of people that Mark Walter represents that are
having more success in the modern pro sports ownership than
maybe the mom and pop shop and the charm of
Doctor Buss's Lakers of yesteryear.
Speaker 2 (07:29):
This season notwithstanding, of course, with Oklahoma City in Indiana
in the finals, not that you know, they don't have
a lot of money, but yeah, what you look regularly
the Golden State Warriors are owned, you know, by Larry
Ellison and that group that you know, Larry's worth twenty
thirty billion dollars. You look at football and you know
(07:51):
more and more corporate entities now that they've been allowed
so many teams. You know, the Chargers just did it
to polls and the group that owns the to Try Pistons,
I can't remember the name of the cap. Platinum Capital,
I think is who they sold a chunk to. And
it's just part of competitive balance when you've got to
write a check and player contracts are now in the
(08:12):
quarter of a billion to a third of a billion
to in Show Ayotani's case, you know, seven hundred million dollars,
Like you've got to be able to have that capital
to either put an escrow or you know, on an
annual basis, and it's just becoming harder and harder for
owners whose entire net worth is connected to the equity
of their team to operate, even with the incredibly lucrative
(08:36):
television contracts, to compete in that space. You know, when
when when Mark Walter can pay one hundred and thirty
to one hundred and fifty million dollars in luxury taxes
for the Dodgers every single season and not blink it,
it makes it hard for Jerry Reinsdorf to run the
Chicago White Sox. And that's why they lose one hundred
(08:57):
games a year because he just doesn't have that kind
of money to compete anymore.
Speaker 4 (09:01):
And just for a little bit of a follow up
on some of the information that we've been giving, it
looks like you have to be at least a fifteen
percent owner to be a governor. I'm not sure if that.
I don't know where that fits with what deal Genie
made with Mark Walter, but I guess we'll figure it out.
And just as a great idea for how much sports
(09:23):
has changed since nineteen seventy nine. For the sixty seven
million dollars in seventy nine from Jack Kent Cook, Jerry
Buss also received the Lakers, the Kings, and the Forum.
Speaker 2 (09:38):
And you know what, Jack Kent Cook got the christ
the Chrysler building. Jerry Buss owned the Chrysler building and
he did not have the cash. And I believe it
was the Chrysler building that he had to trade as leverage.
Remember we had Roland lasin beyond when he wrote he
had the great book. It was kind of the detailed
(09:59):
history of the Lakers. I think it was called The
Show is the name of that book, and he was
going through and I remember both of us like, holy crap,
what a deal. I feel like it was the Chrysler
building that he traded as part of that sixty seven
million dollar price tag to Jack Kent Cook for the Lakers.
Speaker 4 (10:17):
So very interesting times, and then you figure what's going
to happen? How different will the Lakers be? The first
thing everybody thinks, at least in our realm, is, oh
my god, we're not going to get nailed by the
king anymore. Like I don't have to lay underneath Lebron
staring at the cracked ceiling fan in a motel room
being used up by the King. Maybe these guys can
(10:42):
do a deal to get our well, just to get
our basketball identity as a town out from under the
terrible thumb of prostitution. Yes, you see it in the movies,
(11:03):
you know where like it's a young prostitute or something
and like you know, pretty woman and they kissing right
not on the mouth, but you see it in the movies,
like this was a toot and now they live a
life of luxury like we could as as La Basketball
people that have to follow this and deal with the
(11:25):
news every day, we could be getting out, like somebody's
gonna save us from our pimp. Somebody's No, somebody's gonna
be Captain Savahoe. It's just like Mark Walter saved us
from Frank Mccortlooney, Mark Walter is gonna save us from
getting nailed by the kid, yep.
Speaker 2 (11:44):
And he saved us from McCourt and now and McCourt
got the boot and he got to keep the parking lots. Lebron,
I'm gonna let you keep that Holmby Hills home that
had the racial epithet spray painted on the gate. But
you're not gonna be a Laker anymore. I mean, you
pack your bags and you get your Taco Tuesday barbershop
ass out of here.
Speaker 4 (12:06):
I would love that, and I think a lot of
people would what about Rob Polenka, right, does Magic want
back in? I bet you Magic is going over there
right now, Like, hey, remember when I quit right in
the middle of the thing.
Speaker 2 (12:19):
I'm back right Well, I mean there is there is
a connection to the Lakers that's working for Mark Walter
over at the Dodgers and has a connection to Magic
Johnson that certainly could find his way back over to
the Purple or the Forum, blue and gold side of
things in Lon Rosen all those years that he worked
alongside the Lakers. That's, you know, and certainly an interesting
(12:43):
line to perhaps draw if you do want to change
something in that front office with Tim Harris and Rob
Polenka and the influence that Clutched Sports seems to have
over him. When it's the bus family and it's their
only asset, it makes it tough, right, You're kind of
in a bind. You need Lebron James and you need
to sell those season tickets. When you're Mark Walter and
you're worth fifteen billion dollars, it's like, hey, if you
(13:05):
pound sand and your stupid barber getting on the plane,
you know it's.
Speaker 4 (13:10):
I heard Linda Rambas just ordered her third Scotch and
water at the spot in Sampedro on twenty second in Pacific,
Because what what's Lenda Rambus going? I did right, No
one's in it. Like that's not like Genie's gonna chip
her off one hundred million bucks. Linda Rambus is not
going to have her. She's not gonna be She's not
going to be relevant anymore.
Speaker 2 (13:31):
I mean maybe Genie as an executive, maybe she cut
her in for like point zero five percent steak, you know,
back in the day, like you incurred. Here's what I'm doing.
You're my bestie. Hell no, how about point zero zero
one percent. I'm gonna take care of you. I mean,
because Mark Walter, when you're the majority owner, you call
the shot. You're the majority owner. Now, so like you said,
(13:51):
if it's fifteen what you said it was fifteen percent,
you have to own to be a governor. So if
they own sixty six percent, all all Mark has to
have is, you know, over fifty one percent. If you
already had twenty five, all he's got to do is
buy twenty five, thirty thirty five, whatever the percent is.
And the siblings, all six of them. Jeney Janey, Johnny
(14:12):
Jim Joe and Joey, you know, can then each keep
two percent or one and still you know, have find
a way to have a role, even though it would
probably be considerably more ceremonial than it was in the past,
unless Mark Walter just wants to keep status quo going.
(14:32):
But you would assume, you know, that they like what
he did with ned and and with the Dodgers by
bringing in Andrew Friedman and Stan Casten, that that's gonna change.
Speaker 4 (14:44):
I want to tell you one think I don't know.
I'll tell you one thing that's gonna change. You're not
gonna see j Moore at the Haha Hole on Pico anymore.
Speaker 2 (14:51):
No you no, you're not. He's going to buy out
the Universal Amphitheater and play on that stage.
Speaker 4 (14:58):
That Linda Rambis is at the Spot and Sampedro and
the bartender just came up and said, we don't have
any more drinks for you. Jymore just bought this bar
and you have to be beat it. Oh what a
turn of events.
Speaker 2 (15:12):
It's crazy.
Speaker 4 (15:14):
Well what can it mean?
Speaker 2 (15:17):
I mean, I've always wondered for the family owned franchises.
When does it get to the point where you're just like,
how do we continue to hold onto this asset that
was worth, you know, two hundred million dollars fifteen years
ago and is now worth ten billion. Are we really
(15:38):
going to catch?
Speaker 3 (15:39):
Like?
Speaker 2 (15:39):
How much more do we want this thing to be
worth before we pull the trigger and each of us
walks out of here with a minimum of two hundred
and fifty million dollars in our pockets Like that's.
Speaker 4 (15:51):
And you know, Genie could still be very, very visible.
We don't know what's going to happen.
Speaker 2 (15:56):
I hope she is.
Speaker 4 (15:57):
We mentioned Steve Van Dorn and he's the face of
that company. He's everywhere Vans is. They're run by a
bigger corporation now, but he's been there fifty eight years
and he's texted us he's not going anywhere. He's part
of it. And you could certainly feel that way with
the Lakers. You know, it's in Genie's blood. She's always
(16:20):
been there. As far as everybody else goes, they're not
as visible as her. So we'll have to see how
it plays out. But if it's anything like when the
Mark Walter Gougenhean group took over the Dodgers, this thing
is going to be running a completely different more modern way,
they're going to be a lot more competitive. The Dodgers, well,
(16:40):
they just immediately became competitive everywhere. I mean they just
immediately started making moves and immediately started making an impact.
And I mean it's like this every summer, so we've
become pretty or every off season, so we've become pretty
insulated to it. But just the embarrassment of Riches. Oh,
they signed this game, sign that guy, they signed on Tani,
(17:01):
they signed the soaky, they signed Yamamoto, the Adrian Gonzales
and Mookie Betts. I mean, it goes on and on
and on. Are they gonna run the Lakers like that?
Speaker 3 (17:10):
I think the thing was they will.
Speaker 2 (17:12):
I think the thing with Genie p like, unlike McCourt.
McCourt was toxic, right, the ownership group was toxic. Genie's
not toxic. Like nobody looks at her and says, oh,
if we could just be rid of Genie.
Speaker 4 (17:23):
Bus now she's not. But so we love Genie. Yeah,
but I mean, to gently pushed back, Genie's not toxic.
But the brand is. I mean because Lebron.
Speaker 2 (17:33):
Right, I mean, you know it's been but yeah, that's
my point. Like, I think that's more the direction Ronnie's there. Yes,
I think that's more the direction where Jeanie and Mark,
you know, behind closed doors. She's like, yeah, I behold
this guy, and I hate it and I wish, but
I can't afford to get rid of them. Like, to me,
that's the pet, not Hey, let's push Genie up, let's
(17:54):
get Clutch Sports out of here, and let's run this
like a real franchise.
Speaker 4 (17:57):
If Laker fans continue to see Genie busses face posts
sale like they will, they're not upset. If they had
continued to see Frank McCourt's face the parking lots, yeah,
there would be there would be a lot of anger.
I mean, I remember Magic Johnson just straight up live
at the press conference when it bought the Dodgers. He
(18:19):
was like that Frank McCourt has nothing to do with this. Well,
he totally does. He owns a parking lot, dude. His
gondola is sitting in the parking lot right now. Uh,
he does have something to do with it. It's bunny,
you've gotten rid of him completely. Nobody thinks about him
because they've done such a great job with it, and
nobody cares who owns the parking lot, as long as
it doesn't cost as much to park at the uh
Dodger Stadium as it does at the end to it Dome.
(18:41):
But beyond that it's too much. I think you're right.
I don't think anybody cares if Genie's still around, because
she's not a toxic person to people in LA, but
the product under her governorship, for whatever reason, I would
I could argue, has become a little toxic.
Speaker 2 (18:56):
Yeah, because I think it's because the one guy.
Speaker 4 (19:01):
Right. I think as soon as you cut ties with me,
somebody had to invite all the lies. Somebody had to
invite that vampire into the house. But if you are
going to cut ties with all the loss that we've
been living in, I think people would be quick to forgive.
Speaker 5 (19:13):
Jeez.
Speaker 4 (19:16):
Yeah, we're talking about Jabron.
Speaker 2 (19:17):
Lames exactly right, Jebron, how do you like.
Speaker 4 (19:20):
That lebron little sea change and shift in the world.
Speaker 2 (19:26):
You ain't got to retire Lebron, but you ain't staying here.
Speaker 4 (19:28):
What if they're like, we love Lebron and his star
power and we're gonna give them another seven years.
Speaker 2 (19:33):
That makes me very sad.
Speaker 4 (19:35):
Lawn would never allow that. He's a Kobe guy, right,
get over there line and clean things up, raw assumption
and breaking news. Petro. Somebody nobody does a better job,
and so we just won't be defeated Wednesday, James Worthy,
(19:56):
Thank god, we got it. We'll join us next.
Speaker 1 (20:04):
We've made it even easier to take LA Sports with
you this summer. Make AM five to seventy or your
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(20:27):
We do have a pair of top on a ray
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we'll give away those tickets. Benening down the end of
the show. But right now, James Worthy brought to you
by the twenty twenty five Ford f one fifty from
California's best selling truck brand. It's time to see Ford
in a new light, take advantage of employee pricing.
Speaker 2 (20:49):
Through the end of June.
Speaker 4 (20:50):
James Worthy, what a wonderful appearance. He had with us
last Friday at the Rock, and Bruce and Elsa Gundo
really perform for the people and gave us some great insight.
We had a lot of fun doing a live show.
It's been a while since we have. We were at
the Hooters that isn't there anymore. And it's a historic
(21:12):
day and I'm sure a bit of an emotional day
for James Worthy, who has worked with and for the
Bus family for many, many years. Because of his affiliation
with the Lakers, Jeanie Buss and her siblings have sold
the majority share of the Lakers to Mark Walter and
the Guggenheim Group, the people that own the Dodgers basically,
(21:35):
so here to discuss it is James Worthy one of
the greatest Lakers of all time, no matter who owns
the team, his jersey will be in the rafters, Emmy
Award winner at Spectrum Sportsnet and a hero to us all. James,
how are you welcome to the show? What was your
initial reaction to hearing this news?
Speaker 5 (21:55):
Well, you know, I don't know if anybody you saw
this coming. Usually, uh, there's usually like a little leak
of something like this happened. I didn't hear anything I
really never thought that, you know, when you when you
when you grow up kind of with doctor Buss and
(22:15):
and Frank Marianni and and Bill Sharmon and and Chick
hern and you know, some of the business people upstairs.
You just never think of the Lakers not being owned
by the Bus family. There's I believe six siblings involved
and done some of doctor Buss's younger kids, Joey and
(22:37):
Jesse who's been involved. I just fuck that it would
be passed on, uh to one of those you know,
younger kids at some point after Jenny. So this is
a it's not a shock that the teams get sold,
but majority of it going away, uh to some great
(22:58):
owners' making a mistake about the Dodger organization, but to
not beyonder the Bus family. It's a little I mean
for me, right, for guys who only knew the buses us.
It'll take a couple of days to think in But
I'm sixty four and changes happened, and this is one
(23:22):
that I'd expected. But here we are.
Speaker 2 (23:25):
You look, Steve, Steve Balmer is worth one hundred and
twenty five billion dollars. We've seen more and more of
these franchises sell out to you know, ownerships, ownership individuals
like Balmer, or ownership groups that are worth you know,
who are some of the richest people on the planet.
Did you ever did you ever feel like James like
(23:46):
just competitive balance wise, that it was getting harder for
the Lakers to compete with I would say probably fifty
percent of the league, if not more now having ownership
groups that are in that you know, top one hundred
richest people in America sort of group of owners.
Speaker 5 (24:04):
Yeah, I mean, look, look at if I'm not mistaken,
I think I read somewhere where the the Celtics sixty
one billion dollars to this guy build chess home or
something like that. So yeah, when you when you have
when when teams have have caught up to you where
(24:25):
it's no longer you know La, you know, on the
West coast with all the big money. Now you've got
Golden State, Now you've got Oklahoma, now you've got so Yeah,
your destination doesn't always have to beat Los Angeles. Now
as there's a time where you know, guys who come
just want to come to La eating to play for
(24:46):
the Clippers. They would come CEP three and those guys,
even though we had CP three first. But yeah, it's
it's different now when you have franchises that that have
the money that could pay the players. Even some of
these small market teams like San Antonio five championship, they don't.
(25:07):
They don't spend a lot of money, but the ownership
is going up, you know, due to television and value
and that type of thing. So I'm not surprised. I
just thought the Bus family were in it for the
long run forever, so you know, with the family members
that they have, but you know, that's that's something that
(25:29):
we don't have, you know, privy to to know, you know,
what they want to do with the team.
Speaker 4 (25:34):
We were with James Worthy last week and talked about
how the NBA changed when you when earlier in your
career when Larry O'Brien gave way and David Stern became
the new commissioner. I mean, I don't know, comparing baseball
to basketball is like comparing apples to oranges in some ways.
But pro sports is pro sports, and team infrastructure is
(25:56):
similar in a lot of places. How many changes do
you think will be made right away? I mean, this
is different than we were just talking about then when
they took over for Frank McCourt, who was enormously unpopular.
Like you're saying that Bus family and brand is still
quite popular in the city. What do you think will happen?
How different will this look?
Speaker 5 (26:18):
Well, they know that they're getting a solid family brand.
I mean what Jenny has been able to do after
her father has been remarkable. She's kept us, you know,
at the top. So they're getting a top organization now.
In the corporate world, when you buy a new company,
(26:43):
one of the first things you do is you start
making a lot of changes. You start cleaning up things
that you think need to be cleaned up. And I
don't know what that is, but I know that historically
when you buy a new company, it's just like you know,
when you become a new president. You're bringing in your
own people. You may make some changes, and that is
(27:06):
yet to be seen. I mean, we still have Lebron
James this on the squad. Yeah, and so I'm sure
the new ownership is maybe talking to him as we speak.
You never know, just to see, you know, where the
future is going. We have Luca, we have some trades
(27:28):
to make. So I'm not that familiar with how baseball
is run, but I think when it comes to infrastructure
and and and how to run a successful organization, it's
not going to be too far from what they've been
able to do with the Dodgers as.
Speaker 2 (27:44):
Well, coming off a postseason in which they were bounced
in emphatic fashion by the Timberwolves, following another postseason where
they got where they exited in the first round. Is
this do you get the sense that this is something James,
that that could be fixed with just being able to
write that big check saying yeah, we don't. We don't
care about the luxury tax. We're going to take on
(28:05):
some salary. We're going to figure this out and if
it means, you know, we got to send the NBA
one hundred million bucks at the end of the year,
we're going to do it. Or or do you think
there's a more sizeable gap between where the Lakers are
right now with their roster and some of the teams
like the Timberwolves and the Thunder and the Rockets that
you know, the Nuggets that we're advancing to the second
(28:25):
round in the conference finals of the playoffs.
Speaker 5 (28:29):
Yeah, I don't know. Man, in the old days, I
don't think coach, I don't think owners like like luxury taxes.
Luxury taxes may be a little easier to pay and
maybe a little easier to rebound. I'm not sure, but
I think, you know, the Dodgers have proven they don't
mind paying. Yeah, I mean, I talk about the Dodgers,
(28:52):
So if they bring that same mentality to the Lakers,
they're not going to mind paying, you know, to get
some success ye uh to this team. And when you
have a player like Luca and you can go out
and get another big dog and you don't mind coughing
up some change it could you know, it could be
(29:12):
something that can turn around quickly. Or they might want
to see how you know, a year goes, or they
might want to see if Lebron's going to retire. I
don't know, but they got the money and they don't
mind spending it. I'm talking about the Dodgers now. Whether
they're going to do that with the Lakers has yet
to be seen.
Speaker 4 (29:32):
I think I think they will. It seems like a
very similar brand, right, I.
Speaker 5 (29:39):
Mean, It's like it almost seems like they have to
if they want to get back to, you know, uh
being the number one team you know in the league.
Speaker 4 (29:49):
Which is interesting, James because you know, you talked about
our background and and I mean, my god, the TV
show that came out, and of course it was controversial
in the story, as were you know, embellished, but it
reminded everybody of that time and reminded everybody of what
doctor Buss was like. And you know, they even had
his tailor making the suits. Uh, we're never going to
(30:11):
have that again, are we. We're never gonna have an
owner like that again. That era of pro ownership seems
to be over completely.
Speaker 5 (30:21):
Uh. Yeah, doctor Buss was an amazing owner. I didn't
know anyone like him during that time in the NBA.
I just didn't know another NBA owners that had that
kind of you know, insight and you know, that kind
of creativeness, being very innovative in a lot of what
(30:43):
the league did as far as it grows. Uh. Now,
you see you know companies, you see you know multi owners.
I mean you still got to Jones in Dallas and
but but you know, you're saying a lot of you
know a lot of sales teams that are going to
bigger congomerates who can spend tons of money and they
(31:07):
want success immediately. So yeah, it's interesting in sports, you know,
when I came in the league, I think number one
draft kick four hundred thousand dollars before tastes, and then
you know, it escalated when we got a TV contract.
Things started to get better than the balloon payment started.
(31:29):
But now it's I guess there's a young kids say
today it's off Tahzi right now.
Speaker 2 (31:34):
Yes, I believe they say they all get their bag?
Is what these players get?
Speaker 4 (31:39):
A new bag?
Speaker 2 (31:40):
Last thing, James, you mentioned, you know, Petrosus mentioned in
the Winning Time show that came out, and then right
behind it you got Running Point on Netflix all about
Genie Buss another one we know the brand, and both
of those shows a lot about ownership as players, and
like you said, it's a lot different now, right, But
how much do you think this impacts players? You know,
(32:02):
knowing that oh yeah, I got I got an ownership
group that's that's worth twenty thirty billion dollars now and
that's going to you know, factor into my decision where
I want to sign or where I'm going to be
demanded to be traded to. Do you think that has
any play at all? And if so, can you put
like a percentage on it? Or are these guys just
going to take the fattest check, and that's what it's
(32:23):
always going to be.
Speaker 5 (32:25):
I think it. I think it has a hundred percent.
I think it has one hundred percent of how players
are thinking. It's going to be like the Lift tournament. Okay,
you're going to give me some money, I'm coming to
get it. And I think I think you know, I
(32:46):
was at the Dodge game the other day that I
was sitting close to some agents, some baseball agents, and
so the influence that their representative has on you is critical.
And so if if if your job is to make
sure your guy gets paid the best he can get
paid and can be in a winning environment, and the
(33:08):
Lakers organization is I would have to say, you know,
the top team Boston obviously, but still Golden State has
proven it of late, but the Lakers are on There's
not so many teams they can say even though it
was the bubble, there's not so many teams can say
they can win a championship five years ago. So the
(33:30):
Lakers are into winning. And I think with this new merge,
I mean this new sale, if I'm an agent talking
to a player, I'm like, they got the money. It's
the city they got marketing. The weather's great, they got Luca.
What are you thinking about? Let's go get this bag
and I can get me a little bag too, That's
what the agents are saying.
Speaker 2 (33:51):
Well, James Worthy, of what a day to have James
with the breaking news about an hour and a half
ago that the Lakers have showed sold the majority. The
Bus family has sold their majority stake to Mark Walter
and the Guggenheim Group, who of course runs the Dodgers.
James Worthy joins just courtesy of the twenty twenty five
Ford F one fifty, from California's best selling truck brand.
It is time to see Ford in a new light,
(34:13):
take advantage of employee pricing through the end of June.
Speaker 4 (34:16):
Those agents, you know, that's I guess.
Speaker 5 (34:19):
The one thing I guess, the one more thing we
have to think about is like, what's Magic's involvement gonna be?
You though he's heavily involved with the Dodgers, Let's let's
see how that I'm soold guy, that's.
Speaker 2 (34:31):
James Worthy's involvement gonna be. That's what I want to know.
Speaker 4 (34:34):
I mean, if I'm job, I need a job, if
I'm Polenka man. Anyway, we love you, James.
Speaker 5 (34:43):
All right, by any time, guys, take care.
Speaker 4 (34:47):
He's right about those agents, Matt. Why do you think
they ran Michael Jordan back out on TV? What do
you think they ran poor Tom Brady out there? I
can make how much just by sending this idiot and
call games?
Speaker 2 (35:00):
I think you can do it.
Speaker 4 (35:01):
Tom?
Speaker 2 (35:02):
You sure? I got kind of a squeaky voice and
an awkward delivery. Nah, you'll be great.
Speaker 4 (35:06):
Hey, Joe Montana, here's some La gear street walkers.
Speaker 2 (35:10):
They look ridiculous if they look good on you, Joe
street Hike.
Speaker 4 (35:16):
Heyf I'm Polenka. Matt. I'm looking in the mirror right
now and painting on the clown nose? How could you
do this to me, Jeanie. Magic's gonna come back in
here and put.
Speaker 2 (35:26):
It on me and quit in the middle of a game.
Speaker 4 (35:32):
But I won't be here to pick up the slip.
Speaker 2 (35:34):
Hey, what's up? Magic? Come here?
Speaker 5 (35:35):
Bill?
Speaker 2 (35:35):
I got something to say? Is that right?
Speaker 5 (35:40):
Hey?
Speaker 4 (35:40):
That never happened?
Speaker 2 (35:41):
Jame's going on right right now? I was gonna cover
the game. Magic, Yeah, I think you're gonna want to
be here for this.
Speaker 4 (35:46):
That never happened. Okay, that's gonna be a race, Matt.
All of that stuff's going to be a race from
the internet.
Speaker 2 (35:52):
Strawberry pancakes aren't erased.
Speaker 4 (35:53):
Somebody's asking me like, Hey, do you think so and
so will go back to the Lakers? Do you think
so and so will go back to the Lakers? Do
you think Magic will go back? Said? Yes, that is
their home, that is their shangri La, go home, that's
your home, that's your home. Why don't you just go home? Yeah,
I don't want to be on your home. We'll be
right back. Epic News and we're out on it like
(36:16):
a lizard on a limb.
Speaker 2 (36:17):
Shure rights itself today.
Speaker 4 (36:18):
Guys, God my god, it.
Speaker 3 (36:26):
Hello PMS listener.
Speaker 1 (36:29):
Did you know Am five seventy LA Sports has a
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Speaker 3 (36:35):
There's Rogan and Rodney, that one is my favorite, Dodger
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Speaker 1 (36:43):
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Speaker 2 (36:51):
Oh yeah, that's rush of money. Big thank you to
James Worthy. What a coup to have him on the
schedule today. I mean, my gosh, everything is coming up
Roses for the Pet Trust Some Money Show. We're already
booked to do the show from the Suite on Monday,
said Mark Walter. And the Guggenheim Group is buying the
majority stake from the Bus family to own the Lakers.
We're on a run.
Speaker 4 (37:11):
They're going to be like a shellfish fork to all
the things that people don't like about the Lakers that
Genie will not extract.
Speaker 2 (37:20):
I will crack that crab claw so get you will
get all of me. Look behind the shed, We've had
a little more clarification. Like you said, Matt, it looks
like the Buses are going to be able to maintain
fifteen percent, so they will maintain that governorship. But this
will be a gigantic shift. Regardless of that, it's.
Speaker 4 (37:42):
Still Genie Bus upfront as the face of the team,
as they said for some years. Is what's being reported.
But I think there'll be some major decisions being made
in regards to the Lakers as time goes on, and
it makes everybody think about what about Johnny Brams and
(38:03):
what about Jabron Lames. Johnny Brames and Jabron Lames, what
is to happen to them?
Speaker 2 (38:10):
That's that to me is the the that's the piece
that's the most interesting.
Speaker 4 (38:17):
Is the billion dollar question.
Speaker 2 (38:18):
Yes, if Clutch Sports has in fact had an out
an oversized influence on the way the Lakers are run,
will a one hundred billion dollar entity like the Guggenheim
Group allow Rich Paul and Lebron to continue to put
their imprint on this franchise?
Speaker 4 (38:35):
And right, if Genie couldn't tell them what to do,
we'll find somebody that can. And that is probably the
best prospect as far as news goes for you. And
I somebody sent me a text that said, there's a
lot of hating so far. You guys should take it easy.
And I sent a text back of a middle finger,
(38:57):
but like the cartoon Simpson's color middle finger. Right, But
if he sends another text, I'll send a black one
and a white one.
Speaker 2 (39:03):
Who's hating you guys have been celebrating this sale?
Speaker 4 (39:06):
Well, everybody we said they're gonna let Lebron keep his
home deals.
Speaker 2 (39:13):
You could keep that. Uh No, The hating is consistent,
and it's directed at one individual, not the organization. It's
a huge victory for the organization. I think that the
Genie stays on she continues to be the governor, the
face of the franchise and ownership. But you have an
influx of hundreds of billion, not hundreds of millions, billions
(39:34):
of dollars to spend, and.
Speaker 4 (39:36):
A group, and a group that has proven that they
know how to run a sports team in the modern.
Speaker 2 (39:41):
Era, focused on winning, sparing no expense.
Speaker 4 (39:43):
And I don't know if if Genie and them have
done that.
Speaker 1 (39:48):
With the.
Speaker 4 (39:49):
Way it's been with Lebron, it's totally sucked. Here's a
text that says, this reminds me of this investment property
I was looking at and the owners were selling cheap
because they could not get the tenants to pay their
rent or to leave.
Speaker 3 (40:04):
Hashtag Sabron legs Laranga.
Speaker 5 (40:09):
The secret text does a fine brought to you by
your so called Toyota dealers.
Speaker 4 (40:14):
We make it easy. This one says Johnny Brames is
actually the prodigal son of Sobron.
Speaker 2 (40:21):
Wade, and he will not make his return. You're not
allowed back here, Johnny Brames.
Speaker 4 (40:26):
Give him water, Hey Pete, will this change you? Guys?
Inviting Jeannie with the Big Weenie on the summer tour
or is she always invited? Always, always invited standing invitation.
Jeanie calls her shot. She names her location that she
wants to and she's she's made Anaheim. She's done all
(40:48):
the way out on Thousand Oaks, San Pedro, San Pedro.
Jeanie travels.
Speaker 2 (40:52):
Yeah, she is fantastic to the Petros and money shows,
specifically on the summer tour.
Speaker 4 (40:58):
Pee is the Lakers deal the all and be all
to finally sending Jabron Lambs packing. That's what we're helping.
That is our hope, this is our understanding. Dude. Pete
Genie is toxic. She doesn't know what she's doing.
Speaker 2 (41:15):
How dare you?
Speaker 4 (41:16):
I mean, letting lebron run this s all these years
proves that.
Speaker 2 (41:20):
Hey, I make money again any point. You don't have
all the billions of dollars and you've got enough bronze
sexuals as you like to call them, that are willing
to pay thirty five hundred bucks per seed court side.
Speaker 4 (41:33):
It just feels like, you know, nobody wants to play
with Jabron.
Speaker 2 (41:36):
Lambs does feel that way?
Speaker 4 (41:44):
And what about Bryce? He's sitting in Arizona, Like, what's
gonna happen to me?
Speaker 2 (41:48):
Northern Arizona? Dude? Flagstaff, You're gonna be heading north with
my friend.
Speaker 4 (41:53):
Flagstafs calling you brother.
Speaker 2 (41:57):
A yeah ten Freeway.
Speaker 4 (42:02):
Hey Laker people, I want you to meet a guy
named Lon Rose and he's coming to see you. Yeah.
He used to hang out at the Sizzler across the
street back and the form of day.
Speaker 2 (42:11):
All you can eat yellow at that salad bar, green
and red.
Speaker 4 (42:17):
Ha. We'll be back with more as this historic day unfolds.
The Lakers have been sold an angel is a centerfold
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