Comments on: Grizzlies sale may fall through, potential owner has some issues

By: mogogo1

mogogo1 — Wed, 15 Aug 2012 15:53:20 +0000

The Buss family’s money came primarily from real estate which is about as volatile an investment as you can find.

By: jj871

jj871 — Wed, 15 Aug 2012 13:38:01 +0000

Only Lakers fans would have such a deluded rationale.

Ya, you’re right, have an outside business that generates millions in income each year, completely independent of your basketball team, is definitely something no one would want to have. Sigh.

By: gmsalpha

gmsalpha — Wed, 15 Aug 2012 13:20:02 +0000

You know, that’s what I admit I love about the Lakers. They’re owned by the Buss family, where the Lakers ARE their business. They live and die by the team, and basically have control over their net worth, for the most part because they sign the contracts and know that if they put a good product on the court at a price that the people can afford, they’ll be profitable. Yes, it’s L.A and it’s much different than Memphis, but on a different scale, it could be the case anywhere.

This guy Pera, and anyone else who relies on outside businesses, especially when it fluctuates so widely with the blowing of the stock trade winds, is not really on solid footing, or could have their situation changed within a matter of weeks.

Going from 2 billion to 800 million in 3 months is absurd! And pretty darn scary, if you wanna know the truth.