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2mo ago

Mark Walter Completes $10–12 Billion Acquisition of Lakers

Walter’s success with the Dodgers signals upcoming business revamps coupled with cross-team promotions under Jeanie Buss’s governorship.

Lakers owner Jerry Buss, seen in 2010 at a news conference in Bell Gardens, won 10 NBA championships from the time he bought the franchise in 1979 until his death in 2013. (AP Photo/Damian Dovarganes)
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November 29, 2019; Los Angeles, CA, USA; Los Angeles Angels player Shohei Ohtani in attendance as the Los Angeles Lakers play against the Washington Wizards during the first half at Staples Center. Mandatory Credit: Gary A. Vasquez-Imagn Images
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Overview

  • Mark Walter, owner of the Los Angeles Dodgers, has completed his acquisition of the Lakers in a deal valued at $10 billion to $12 billion, ending the Buss family’s 46-year ownership.
  • Jeanie Buss will remain team governor, ensuring continuity in leadership during the transition.
  • League executives predict the transaction will enable the Lakers to operate more like a business with expanded spending power.
  • Walter is expected to pursue cross-promotional opportunities between the Lakers and Dodgers, including joint events and shared sponsorship initiatives.
  • As a gesture of goodwill, the Lakers sent a gift basket to Dodgers star Shohei Ohtani, and Walter’s deep pockets could strengthen efforts to secure a Luka Doncic extension.