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Mark Walter Poised to Acquire Los Angeles Lakers for Record $10 Billion

Pending NBA approval, the sale will leave the Buss family with a 15% minority stake, with Jeanie Buss remaining as team president.

Overview

  • The transaction has been reported by ESPN, The Athletic and other US outlets and now awaits formal ratification by the NBA governors’ board.
  • At $10 billion, the deal eclipses the Boston Celtics’ $6.1 billion sale in March and sets a new high-water mark for professional sports franchises.
  • Walter already holds significant stakes in the Dodgers, FC Chelsea and the Sparks and serves as CEO of Guggenheim Partners, which manages over $325 billion in assets.
  • Under his ownership, the Dodgers secured World Series titles in 2020 and 2024, illustrating his readiness to invest heavily in team success.
  • Lakers legend Magic Johnson publicly endorsed the acquisition, praising Walter’s competitive drive and willingness to fund a championship-level roster.