The Chicago Bulls announced that Lukas and Samantha Walton have acquired a minority interest in both the Chicago Bulls and the United Center. The transaction involves the purchase of existing stakes from certain limited partners. The Reinsdorf family will continue to hold the controlling interest in the Bulls. The Reinsdorf and Wirtz families will continue to hold the controlling interest in the United Center and The 1901 Project.
Latham & Watkins LLP represented the Wirtz family in the transaction with a corporate team led by Los Angeles partner Adam Sullins, Chicago partner Jonathan Solomon, and counsel Emily Stegich, and a tax team led by Chicago partner Diana Doyle.
