Commissioner David Stern presents owner of the Los Angeles Lakers Jerry Buss the NBA Championship trophy in action during the NBA Finals Game 6 against the Indiana Pacers at the STAPLES Center in Los Angeles, CA. Credit: Ezra Shaw/Getty Images
With the passing of Lakers owner Jerry Buss, comes not just mourning but questioning over how the kids will do with the family business. Jeanie and Jim Buss have worked with the team already, but always with Jerry’s experience and advice looming large. Sports franchises are under a bigger spotlight, but every day businesses get handed down from one generation to the next. What are the prospects for the Buss family and the Lakers? What are the winning and losing strategies for inheriting the family business?
Paul Swangard, Woodard Family Foundation Fellow and Managing Director, Warsaw Sports Marketing Center, University of Oregon
Quentin Fleming, author of “Keep the Family Baggage Out of the Family Business,” Adjunct Professor, USCMarshallSchool of Business
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