Overview
- Mark Walter agreed to purchase the Lakers for roughly $10 billion in a deal announced June 25, the highest price ever paid for a sports franchise.
- The transaction is set to close by the end of 2025, pending final league and regulatory approvals.
- Jeanie Buss confirmed she will continue overseeing day-to-day operations as team president under the new ownership.
- Walter will acquire a majority stake through the Buss Family Trust, building on minority holdings in the Dodgers, Sparks plus the forthcoming Cadillac Formula 1 outfit.
- The Buss family has owned the Lakers since Jerry Buss purchased the franchise in 1979 for $67.5 million, underscoring the magnitude of the sale price increase.