Dream Chasing: Bass family business philosophy is too cautious now the Lakers will become a more dangerous team

According to previous reports, the Bass family is about to reach an agreement with Mark Walter, CEO and chairman of TWG Global, to sell most of the Lakers' equity, with a transaction valuation of about $10 billion. Today’s Dream Chasing talked about this on his podcast, and he believes the Lakers will become a more dangerous team.

Zhumeng believes that although the Bass family is rich, compared with other NBA team owners, they are not the most financially financially-owned bosses in the league, so they are often cautious in their operations. He said: "When I saw the Lakers sell to Mark Walter for $10 billion, do you know what I think? I said, 'Oh, my goodness, this makes the Lakers dangerous.'"

"The only factor that restricted the Lakers in the past... According to the wealth standards of NBA team owners, Jenny Bass and the Bass were once one of the least wealthy families. They had the core asset of the Lakers, but this was almost their only source of income. When that was your only source of income, the operation method would be different, and you would inevitably be more cautious. This sale eliminated the financial prudence that the Bass family might have during their reign over the Lakers." Zhumeng said.