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3w ago

Mark Walter to Acquire Lakers in Record $10 Billion Deal

NBA approval is the final step in a swift transition, promising continuity in leadership alongside fresh capital for the storied franchise.

eanie Buss attends a basketball game between the Los Angeles Lakers and the Phoenix Suns at Crypto.com Arena on October 26, 2023 in Los Angeles, California.
Mar 17, 2025; Los Angeles, California, USA; The Los Angeles Lakers logo at midcourt at Crypto.com Arena. Mandatory Credit: Kirby Lee-Imagn Images
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
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Overview

  • The $10 billion transaction, the largest ever for a professional sports franchise, is expected to close in the third or fourth quarter of 2025 pending NBA approval.
  • Jeanie Buss will remain governor of the team and oversee daily operations after the sale closes.
  • Walter has held a minority stake since 2021, which granted him first right of refusal on any majority sale.
  • The deal ends the Buss family’s 46-year stewardship of the Lakers since Jerry Buss purchased the franchise in 1979.
  • Magic Johnson and other NBA figures have applauded Walter’s track record with the Dodgers and anticipate greater financial resources and organizational synergy for the Lakers.