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5h ago

Mark Walter Agrees to Buy Majority Stake in Lakers for $10 Billion

Jeanie Buss will remain governor after the sale that ends her family’s 46-year ownership.

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
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.
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Overview

  • The Buss family has agreed to sell a 66 percent majority stake in the Lakers to TWG Global CEO Mark Walter at a record $10 billion valuation, pending NBA approval.
  • Walter, who has held a minority stake since 2021 and secured first-refusal rights, will become the Lakers’ majority owner.
  • Jeanie Buss will stay on as team governor, maintaining operational continuity in the Lakers’ front office.
  • The $10 billion price tag surpasses the Boston Celtics’ $6.1 billion sale in March to become the largest-ever professional sports franchise transaction.
  • Walter is expected to bring significant resources and spending capacity to the Lakers, reflecting his aggressive investment approach with the Dodgers.