In 2025, the Buss household offered the Los Angeles Lakers to Mark Walter for $10 billion.
Now, lower than a yr later, the Lakers switched fingers 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 keeping with Gabriel Pantel-Jouve of BeBasket, they’re in superior talks to amass French group ASVEL, presently owned and coached by San Antonio Spurs legend Tony Parker.
The Buss household is inching nearer to buying a French group
“ASVEL enters August with a really completely different undertaking 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 reduce, 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 state of affairs, the worth vary may fluctuate between €60 and €80 million.
Tony Parker took the reins of the group 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 is likely to be finalized nearer to the tip of the yr, so even with the Buss’s cash coming in, they is likely to be pressured to half methods with a few of their greatest fish earlier than the beginning of the match on Sept. 24.
