Overview

• The deal finalized on June 18 gives Walter a 66% stake in the Lakers for approximately $10 billion.
• The sale price nearly doubles the previous $6.1 billion record set by the Boston Celtics, making it the largest professional sports transaction ever.
• Transaction ends the Buss family’s 46-year ownership after Jerry Buss acquired the team for $67.5 million in 1979.
• Jeanie Buss will continue in her role as president, ensuring continuity in the Lakers’ leadership and operations.
• Walter, who held a 27% minority stake since 2021, now owns both the Lakers and the Dodgers as part of his expanding sports portfolio.