Latest news with #RunningPoint
New York Post
6 days ago
- Business
- New York Post
Jeanie Buss breaks silence on record-breaking $10 billion Lakers sale as timeline becomes clear
Jeanie Buss is confident in the future of the Lakers after selling the majority stake in the team for $10 billion and striking the largest sale ever of a U.S. pro sports franchise. Buss released a statement Wednesday discussing the agreement to sell majority ownership of the Lakers to businessman Mark Walter and explained why he is an 'excellent partner' to continue the team's legacy. 'The Buss family is deeply honored to have looked after this incredible organization for almost half a century,' the statement said. 'From the day our father purchased the Lakers, we have been determined to deliver what the City of Los Angeles deserves and demands: a team that is committed to winning – relentlessly – and to doing so with passion and with style. Advertisement 4 Jeanie Buss arrives at the Los Angeles Official Emmy FYC Red Carpet for 'Running Point' at UCLA Health Training Center on May 30, 2025 in El Segundo, California. FilmMagic 'I have gotten to know Mark very well over time and been delighted to learn how he shares those same values. For the last four years, Mark has been an excellent partner to us, and we are thrilled to keep working with him to continue the Lakers' extraordinary legacy.' The ownership sale between her family and Walter is expected to close in the third or fourth quarter (July-December) of 2025, per the statement. Advertisement Walter — who has been a minority owner of the Lakers since 2021 — is also the primary owner of the Dodgers and the CEO of TWG Global, a multinational conglomerate holding company. The entrepreneur and philanthropist has ownership interests in several professional sports teams and organizations — including the WNBA's Los Angeles Sparks, the Billie Jean King Cup, the new Cadillac Formula 1 Team and the Professional Women's Hockey League (PWHL). 4 Lakers owner Jeanie Buss and husband Jay Mohr attend the game against the Minnesota Timberwolves at Arena on April 19, 2025. Jayne Kamin-Oncea-Imagn Images Buss is still expected to remain governor of the franchise and continue to oversee all team operations on a day-to-day basis for the foreseeable future. Advertisement The Buss family, which won 11 NBA titles across 46 years of ownership, issued their statement a week after the sale was first reported by ESPN. Jeanie took over as the Lakers' governor after her father, Jerry Buss, died in 2013, and left the franchise to his six children. 4 Mark Walter is taking over as the Lakers' majority owner. Getty Images for Los Angeles Dodgers Foundation Jerry purchased the franchise from Jack Kent Cooke for $67.5 million in 1979. Advertisement Lakers legend and former part-owner Magic Johnson congratulated Jeanie on 'striking an incredible deal' and praised Walter, his business partner and friend. The sale came after the Lakers orchestrated arguably the biggest midseason trade in NBA history, acquiring All-NBA guard Luka Doncic from Dallas in February. 4 Lakers forward LeBron James (23) during Game 5 of the first round of the 2025 NBA Playoffs at Arena on April 30. IMAGN IMAGES via Reuters Connect After securing the No. 3 seed in the West, the Lakers' season ended at the hands of Timberwolves in first round of the 2025 NBA playoffs in five games. LeBron James suffered a Grade 2 MCL sprain in his left knee in Los Angeles' 103-96 season-ending loss to Minnesota — and questions about his playing future inevitably followed. The NBA's all-time leading scorer has a $52.6 million player option for what would be his 23rd season. James, 40, previously said he would discuss his NBA future with his family after completing his 22nd season.
Yahoo
6 days ago
- Business
- Yahoo
Mark Walter and Lakers say sale of the team is expected to close later this year
Jeanie Buss arrives at an FYC screening of "Running Point" on Friday, May 30, 2025, at UCLA Health Training Center in El Segundo, Calif. (Photo by Richard Shotwell/Invision/AP) FILE - Los Angeles Dodgers co-owner Mark Walter, right, talks with manager Don Mattingly prior to their baseball game against the San Diego Padres, Sept. 3, 2012, in Los Angeles. (AP Photo/Mark J. Terrill, File) FILE - Los Angeles Dodgers co-owner Mark Walter, right, talks with manager Don Mattingly prior to their baseball game against the San Diego Padres, Sept. 3, 2012, in Los Angeles. (AP Photo/Mark J. Terrill, File) Jeanie Buss arrives at an FYC screening of "Running Point" on Friday, May 30, 2025, at UCLA Health Training Center in El Segundo, Calif. (Photo by Richard Shotwell/Invision/AP) FILE - Los Angeles Dodgers co-owner Mark Walter, right, talks with manager Don Mattingly prior to their baseball game against the San Diego Padres, Sept. 3, 2012, in Los Angeles. (AP Photo/Mark J. Terrill, File) Businessman Mark Walter's acquisition of the majority ownership stake of the Los Angeles Lakers, in a deal that puts the franchise valuation at $10 billion, is expected to close in the third or fourth quarter of this year. In a statement Wednesday, the sides confirmed that Jeanie Buss — whose family has had control of the Lakers for 46 years — will remain governor of the team and 'continue to oversee all team operations on a day-to-day basis for the foreseeable future.' Advertisement Walter has been a minority owner of the Lakers since 2021. Jerry Buss, Jeanie Buss' father, bought the team in 1979. 'From the day our father purchased the Lakers, we have been determined to deliver what the City of Los Angeles deserves and demands: a team that is committed to winning — relentlessly — and to doing so with passion and with style,' Jeanie Buss said. 'I have gotten to know Mark very well over time and been delighted to learn how he shares those same values. For the last four years, Mark has been an excellent partner to us, and we are thrilled to keep working with him to continue the Lakers' extraordinary legacy.' Walter, the chairman and CEO of TWG Global, a diversified holding company, has ownership stakes in the Los Angeles Dodgers, the WNBA's Los Angeles Sparks, the Billie Jean King Cup, the Cadillac Formula 1 Team and the Professional Women's Hockey League. He said the Lakers 'have long been one of the most iconic franchises in sports.' Advertisement 'Since Dr. Jerry Buss first purchased the team in 1979, they have truly set the standard for basketball in one era after another, which is why you can find people anywhere in the world wearing Lakers shirts and jerseys,' Walter said. The agreement for the sale of the Lakers came about three months after Bill Chisholm agreed to buy the Boston Celtics with an initial valuation of $6.1 billion — which was going to be a record, topping the previous mark of $6.05 billion sale for the NFL's Washington Commanders. The Celtics' sale is not yet finalized, pending final approval by the NBA's board of governors. ___ AP NBA:
Daily Mirror
22-06-2025
- Entertainment
- Daily Mirror
Inside Brenda Song and Macaulay Culkin's romance as they mark big milestone
Brenda Song gave a peek at her romantic beachfront dinner with Macaulay Culkin in Hawaii as the couple extravagantly celebrated their eight-year anniversary Brenda Song and her fiancé Macaulay Culkin celebrated a huge mile stone, complete with all the romantic frills, as the pair give an intimate and rare look into their relationship. The pair set off on a romantic trip to mark eight years together, with the Running Point star, 37, captioning a carousel of moments as their 'anniversary adventures'. The Home Alone child star smiles into the camera in the reel of images posted on June 19. Song, who started dating Culkin in 2017 started the post with her smiling vibrantly on a sun-kissed white sand beach. Decked out in black, she rocked a bikini top, an airy cover-up, a stylish sun hat, and sunglasses. She followed up the beach photo with a full-body mirror selfie, and then showed a snap of herself and Culkin, 44, cozying up at a table during a candlelit al-fresco meal. There was also a "Happy Anniversary" dessert spiked with a sparkler, scenic shots of the beach dotted with sun loungers; a display of fireworks; and another sensual outdoor dinner. Song gave the photo montage an encore on her Instagram Stories, setting it against Queen's anthem "You're My Best Friend." Prior to these images, both Song and Culkin shared heartfelt tributes to each other. Culkin's June 17 post included a captivating picture of his fiancée approaching him on the shore, paired with the caption: "Happy anniversary, babe. Thank you for always coming towards me. You never run away,". His 18-photo flipbook-style post depicted Song getting increasingly closer to the Party Monster star, all while radiating joy with her smiles. In her own touching homage, Song expressed, "8 years and there is still no one who makes me laugh or smile like the way you do. No one who makes me feel more seen, heard or loved." She posted one playful selfie with the pair both rocking bunny ears at an outdoor celebration, and another of the duo pulling comical expressions for the camera. "My partner in crime, my adventure partner, my best friend, my baby daddy, my favorite everything- thank you. To be loved by you is the greatest privilege," Song added in her caption. The Suite Life of Zack & Cody star finished with, "Happy anniversary. I love you" The couple started their romance in 2017 and got engaged in 2022. They are proud parents to two sons: Dakota, 4, and Carson, who was born in 2023. Their friend and model, Stormi Bree, ex-partner of Lucky B Smith commented supportively "Happy anniversary to the bestest couple I know I love you guys!!" Meanwhile Culkin's sister Quinn, a celebrity chef, commented a simple "OMG!." Earlier this year the pair appeared on teh front Page of Comopolitan's "Love Issue" saying they wanted to be part of redefining what it meant to be child stars.
Yahoo
21-06-2025
- Entertainment
- Yahoo
‘Awards Chatter' Pod: Kate Hudson on ‘Running Point,' Pros and Cons of Rom-Com Success and How Sia Inspired Her to Pursue a Music Career
Kate Hudson, the Golden Globe-winning and Critics Choice, SAG, BAFTA and Academy award-nominated actress who has been a bona fide movie star for 25 years, is getting some of her best reviews in years for her recent pivot to TV with the Netflix comedy series Running Point, on which she serves as an EP and plays a version of Jeanie Buss, the owner of the Los Angeles Lakers. Last week, the inaugural Newport Beach TV Fest honored her with its Performer of the Year Award (Actress) — but first, she sat down at the fest with THR to record an episode of our Awards Chatter podcast. Over the course of the conversation, Hudson, 46, reflected on what she learned from growing up with Goldie Hawn as her mother and Kurt Russell are her stepfather, but also how she sought to distance herself from them as she tried to break into the business. She dished about how she came to Cameron Crowe's 2000 film Almost Famous, first in the role of the protagonist's sister, and then, following the departure of Sarah Polley from the project, the role of a groupie. She expressed gratitude for the success of 2003's How to Lose a Guy in 10 Days but admitted disappointment and frustration at the rom-com box into which it placed her for many years thereafter. And she credited singer/songwriter Sia, who directed her in the controversial 2021 film Music, with inspiring her to pursue a music career of her own. More from The Hollywood Reporter Netflix Reveals First Details of 'Stranger Things' Animated Series, Award Contender 'In Your Dreams' Before Saving the Shop in 'Tires' Season 2, Thomas Haden Church Hadn't Heard of the Show Netflix Reveals First Look at 'Building The Band' Series, Confirms Liam Payne Guest Judge Role In relation to Running Point, she spoke about how her attitude about TV has changed over the course of her career, to the extent that she was willing to commit to an ongoing series for only the second time ever; her long personal history with Buss, and how that has helped her to play the part; her hopes for the future of the show; plus much more. Best of The Hollywood Reporter 'The Studio': 30 Famous Faces Who Play (a Version of) Themselves in the Hollywood-Based Series 22 of the Most Shocking Character Deaths in Television History A 'Star Wars' Timeline: All the Movies and TV Shows in the Franchise
New York Times
21-06-2025
- Entertainment
- New York Times
Jay Ellis Considers Colson Whitehead His Literary GOAT
So far this year, Jay Ellis has played a basketball coach in the Netflix comedy 'Running Point' and a record-setting M.V.P. in the action movie 'Freaky Tales.' This summer, he's swapping free throws for freestyles as he steps into the role of a hip-hop star in the Off Broadway play 'Duke & Roya,' at the Lucille Lortel Theater. The drama finds him stumbling into a cross-cultural romance with life-threatening consequences. 'At first glance,' he said, 'there's no reason why you think these two people would ever hit it off.' He added: 'We're in a world where everyone yells, no one listens. Everybody really just wants connection, to be seen, to be understood, and I just loved the idea that these two characters do.' Ellis, 43, temporarily relocated his family of four to New York from their home in Los Angeles. One particular aspect of the local culture suits him well. 'I absolutely love pizza,' he said, name-dropping his latest find, Fini. 'My daughter took a bite and was like, 'Why don't we have pizza like this in L.A., Daddy?'' Want all of The Times? Subscribe.
