In 2025, the Buss household bought the Los Angeles Lakers to Mark Walter for $10 billion.
Now, lower than a 12 months later, the Lakers switched arms once more, with Bob Iger and Josh Kushner buying the franchise for a whopping $12.5 billion.
The Buss household wasn’t part of that deal, however they did not wait lengthy to dip their toes into the professional basketball enterprise once more.
In accordance with Gabriel Pantel-Jouve of BeBasket, they’re in superior talks to accumulate French workforce ASVEL, at present owned and coached by San Antonio Spurs legend Tony Parker.
The Buss household is inching nearer to buying a French workforce
“ASVEL enters August with a really totally different mission than the one envisioned at first of the offseason. After failing to safe a partnership that was supposed to spice up its finances to €59 million, the Villeurbanne membership has needed to cut back, half methods with a number of new signings, and rebuild its roster. New coach Tony Parker should now finalize his recruitment whereas additionally overseeing negotiations for the sale of the membership to the Buss household,” Pantel-Jouve reported.
Per the report, the membership is valued at €120 million, although given their monetary scenario, the worth vary would possibly fluctuate between €60 and €80 million.
Tony Parker took the reins of the workforce after they completed fourth within the 2025–26 LNB Élite common season, boasting a 20-10 file and qualifying for the upcoming EuroLeague.
Nevertheless, any deal may be finalized nearer to the top of the 12 months, so even with the Buss’s cash coming in, they may be compelled to half methods with a few of their greatest fish earlier than the beginning of the event on Sept. 24.
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