Despite a dismal season and dwindling ticket sales, the Buss family should ignore calls to sell the Los Angeles Lakers, team superstars Kobe Bryant and Shaquille O'Neal recently told CNBC.
The National Basketball Association club won 10 championships under longtime majority owner Jerry Buss, who controlled the franchise from 1979-2013. When Buss died in February 2013, however, his controlling interest in the Lakers was passed on to his six children via a trust managed by sons Johnny and Jim as well as daughter Jeanie.
The Lakers' performance under the new management has been anything but impressive. With a 27-55 record, the team struggled in the 2013-2014 season, finishing in last place in the Pacific Division of the Western Conference.