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2w ago

Buss Family to Sell Majority Stake in Lakers at Record $10 Billion Valuation

Pending NBA approval, the sale ends the Buss family’s 46-year majority ownership, securing leadership continuity under Jeanie Buss.

Feb 10, 2025; Los Angeles, California, USA; Owner and president of the Los Angeles Lakers Jeanie Buss attends the game against the Utah Jazz at Crypto.com Arena. Mandatory Credit: Jayne Kamin-Oncea-Imagn Images/File Photo
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iew of the Los Angeles Lakers logo on the floor of the UCLA Health Training Center, their training faculity, on May 29, 2018 in Los Angeles, California.
LeBron James #23 of the Los Angeles Lakers looks on against the Chicago Bulls at the United Center on March 27, 2025 in Chicago.

Overview

  • At $10 billion, the Lakers sale eclipses the Celtics’ $6.1 billion deal to become the highest-priced professional sports franchise sale.
  • Under the agreement, the Buss family will hold a 15 percent stake, ensuring continued financial involvement.
  • Mark Walter leveraged a right of first refusal from a 2021 minority stake to acquire controlling interest.
  • Walter leads TWG Global and owns stakes in the Dodgers, Sparks, Formula 1’s Cadillac team and the Billie Jean Cup.
  • Magic Johnson endorsed Walter’s purchase, citing his drive for excellence and willingness to invest resources for success.