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Mark Walter to Acquire Lakers in Record $10 Billion Sale

Pending NBA approval, Jeanie Buss will stay governor to ensure leadership continuity as Walter readies to assume operational control.

Walter, the controlling owner and chairman of the Los Angeles Dodgers, is also the CEO of TWG Global.
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 sale ends the Buss family’s 46-year majority ownership of the Lakers, dating back to Jerry Buss’s 1979 purchase.
  • The $10 billion valuation sets a new high for any professional sports franchise, surpassing the Celtics’ $6.1 billion sale earlier this year.
  • The agreement remains subject to NBA board approval before Walter formally becomes the majority owner.
  • Jeanie Buss will continue as team governor and the family will retain over a 15% minority stake to maintain stability.
  • Walter’s success with the Dodgers since 2012 and praise from Magic Johnson underscore his deep resources and commitment to winning.