Overview

• The Buss family reached a $10 billion agreement in June to sell a majority stake in the Lakers to Dodgers owner and Guggenheim Partners CEO Mark Walter.
• The price tag marks the highest valuation ever recorded for a U.S. professional sports franchise.
• Under the deal’s terms, Jeanie Buss will continue as the Lakers’ governor through the 2029–30 NBA season.
• NBA board approval is the final step and is expected to conclude the transaction between July and December 2025.
• Walter, who has held a minority Lakers stake since 2021, intends to partner with Buss to maintain the team’s competitive and brand legacy.