Lukas Walton and Wife Acquire Minority Stake in Chicago Bulls
Lukas Walton and his wife Samantha are acquiring a minority stake in the NBA’s Chicago Bulls and the United Center arena. The team announced the transaction involves purchasing limited partnership interests from existing limited partners, according to financial reports.
The purchase leaves Jerry Reinsdorf and his family as the controlling owners of the franchise. Reinsdorf stated in a team release that the family remains 'steadfast in its long-term commitment to the organization.' Lukas Walton, known for his investments in multiple sports franchises including the Dallas Mavericks, will join the ownership group, though the financial terms of the deal were not disclosed.
From the sources (5 posts)
@zerohedge*WALMART HEIR LUKAS WALTON TO BUY STAKE IN NBA'S CHICAGO BULLS
@businessLukas Walton, an heir to the Walmart Inc. fortune, and his wife, Samantha, are acquiring a minority stake in the NBA’s Chicago Bulls.
@firstsquawkWALMART HEIR LUKAS WALTON TO BUY STAKE IN NBA'S CHICAGO BULLS
@codywesterlundThe Bulls announced that "Lukas and Samantha Walton have acquired a minority interest in both the Chicago Bulls and the United Center." They're of Walmart fame. The Reinsdorf family remains controlling owner and is "steadfast in its long-
@novy_williamsBREAKING: Lukas and Samantha Walton (yes, of those Waltons) have bought a minority stake in the @chicagobulls and their arena. Jerry Reinsdorf and his family will retain control. The Waltons are buying LP stakes from existing LPs... https