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13h ago

Lakers Finalize $10 Billion Sale to Mark Walter After NBA Approval

Jeanie Buss remains governor for at least five years with the family retaining a minority stake.

Jeanie Buss (L) and Mark Walter attend a basketball game between the Los Angeles Lakers and the Golden State Warriors at Crypto.com Arena in Los Angeles, California.
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Dodgers owner Mark Walter officially acquired a majority stake in the Lakers on Thursday, Oct. 30, 2025, following unanimous approval from the NBA Board of Governors. (Photo by Michael Reaves/Getty Images)

Overview

  • The NBA Board of Governors voted unanimously Thursday to approve the transfer of the Lakers’ majority interest to Dodgers owner Mark Walter.
  • Shortly after the league’s announcement, the Lakers said Walter finalized his acquisition of a controlling stake in the franchise.
  • The deal is valued at about $10 billion, setting a new record for a North American professional sports team sale.
  • The Buss family keeps an ongoing minority interest, reported at just over 15%, and Jeanie Buss will continue as team governor for at least five years.
  • Walter previously held a minority stake in the Lakers and is the controlling owner of the Los Angeles Dodgers and a principal owner of the WNBA’s Sparks.