Particle.news
Download on the App Store
5 ARTICLES
·
3d ago

Mark Walter to Acquire Lakers in $10 Billion Sale

NBA approval is expected in the coming months with Jeanie Buss remaining as governor under new ownership.

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)
Image
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
Image

Overview

  • The Buss family’s 46-year ownership of the Lakers will conclude once Mark Walter’s $10 billion purchase gains NBA approval
  • Jeanie Buss will continue as team governor to maintain leadership continuity in the front office
  • League insiders say Walter’s business acumen will professionalize Lakers operations and bolster resources for championship pursuits
  • Walter’s dual stewardship of the Dodgers and Lakers is set to drive deeper cross-franchise collaborations and joint marketing initiatives
  • His track record of heavy investment off the court could upgrade facilities and staff and make a long-term extension with Luka Doncic more attainable