Particle.news
Download on the App Store
15 ARTICLES
·
yesterday

Lakers Majority Ownership Sold to Mark Walter in $10 Billion Deal

Jeanie Buss will remain governor pending NBA approval of the $10 billion majority stake transfer.

eanie Buss attends a basketball game between the Los Angeles Lakers and the Phoenix Suns at Crypto.com Arena on October 26, 2023 in Los Angeles, California.
Mar 17, 2025; Los Angeles, California, USA; The Los Angeles Lakers logo at midcourt at Crypto.com Arena. Mandatory Credit: Kirby Lee-Imagn Images
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
Image

Overview

  • On June 18, the Buss family agreed to transfer majority ownership of the Lakers to TWG Global CEO Mark Walter at a valuation of roughly $10 billion.
  • Jeanie Buss will continue overseeing all basketball operations as team governor for the foreseeable future.
  • Walter has held a 26 percent minority stake since 2021 and secured a right of first refusal on any majority sale.
  • The deal requires customary closing conditions including approval by the NBA board of governors and is expected to finalize in the third or fourth quarter of 2025.
  • Walter’s existing ownership of the Los Angeles Dodgers and Sparks raises prospects for deeper collaboration across the city’s major sports franchises.