Los Angeles Lakers Face Rich Guy Headaches Amid Billionaire

The Los Angeles Lakers are facing a new set of challenges with their billionaire owners, Bob Iger and Joshua Kushner, at the helm. The team's new ownership group has sparked a potential legal battle with the Buss siblings, who previously owned the Lakers. This drama has overshadowed the team's recent performance, including their last result: Los Angeles Lakers 110-115 Oklahoma City Thunder (2026-05-12). The Lakers' recent form has been dismal, with a record of 0W-0D-5L (LLLLL, most recent first) in their last five games.

What happened?

The Los Angeles Lakers' new ownership group, led by Bob Iger and Joshua Kushner, has brought a new level of drama to the team. The Buss siblings, who previously owned the Lakers, are now at odds with the new ownership group over control of the team. This potential legal battle has sparked concerns about the team's future and the impact it may have on their performance on the court.

Why it matters for Los Angeles Lakers

The Los Angeles Lakers' performance on the court has been affected by the drama surrounding their new ownership group. The team's recent form has been dismal, with a record of 0W-0D-5L (LLLLL, most recent first) in their last five games. This poor performance has raised concerns about the team's ability to compete in the playoffs.

What comes next?

The Los Angeles Lakers' new ownership group will need to navigate the potential legal battle with the Buss siblings in order to secure control of the team. This will be a challenging task, but it is essential for the team's future success. The team's performance on the court will also be closely watched, as they look to turn their season around and make a push for the playoffs.

The drama surrounding the Los Angeles Lakers' new ownership group is just one of many issues affecting the team. Other NBA teams, such as the San Antonio Spurs, are also dealing with rich guy headaches amidst billionaire ownership. The Spurs are in negotiations with the city of San Antonio to build a modern arena downtown, but the city council has rejected a motion to send an initiative to the public to vote on whether to approve nearly $500 million in funds for the new building. This has left the Spurs with a significant financial burden and has sparked concerns about the team's future.

The Phoenix Suns are another team dealing with rich guy headaches amidst billionaire ownership. The team's owner, Mat Ishbia, has seen his net worth drop by nearly $3.5 billion so far this year. This has raised concerns about the team's ability to compete in the luxury tax and has sparked speculation about the team's future.

The Brooklyn Nets are also dealing with rich guy headaches amidst billionaire ownership. The team's owner, Joe Tsai, has weighed in on the state of affairs, telling NetsDaily that it is "embarrassing" for Brooklyn to see the Knicks win a title while his team is in the midst of a rebuild. This has put unnecessary heat on the franchise's front office to successfully complete a rebuild.

The Portland Trail Blazers are also dealing with rich guy headaches amidst billionaire ownership. The team's owner, Tom Dundon, has gone full slash and burn on his franchise's operations, skimping out on things like T-shirts for his fans, firing the Trail Blazers' long-time broadcasters, and only guaranteeing one season on new coach Micah Nori's contract. This has created a very rocky road for Portland moving forward.