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In 2025, the Buss family sold the\u00a0Los Angeles Lakers<\/a> to Mark Walter for $10 billion.<\/p>\n Now, less than a year later, the Lakers switched hands again, with Bob Iger and Josh Kushner acquiring the franchise for a whopping $12.5 billion.<\/p>\n The Buss family wasn’t a part of that deal, but they didn’t wait long to dip their toes into the pro basketball business again.<\/p>\n According to Gabriel Pantel-Jouve of BeBasket, they’re in advanced talks to acquire French team ASVEL, currently owned and coached by San Antonio Spurs legend Tony Parker.<\/p>\n \u201cASVEL enters August with a very different project than the one envisioned at the start of the offseason. After failing to secure a partnership that was supposed to boost its budget to \u20ac59 million, the Villeurbanne club has had to scale back, part ways with several new signings, and rebuild its roster. New coach Tony Parker must now finalize his recruitment while also overseeing negotiations for the sale of the club to the Buss family,\u201d Pantel-Jouve reported<\/a>.<\/p>\n<\/blockquote>\n Per the report, the club is valued at \u20ac120 million, though given their financial situation, the price range might fluctuate between \u20ac60 and \u20ac80 million.<\/p>\n Tony Parker took the reins of the team after they finished fourth in the 2025\u201326 LNB \u00c9lite regular season, boasting a 20-10 record and qualifying for the upcoming EuroLeague.<\/p>\n However, any deal might be finalized closer to the end of the year, so even with the Buss’s money coming in, they might be forced to part ways with some of their biggest fish before the start of the tournament on Sept. 24.<\/p>\n<\/p><\/div>\nThe Buss family is inching closer to acquiring a French team\u00a0<\/h2>\n
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