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7h ago

Mark Walter to Acquire Majority Ownership of Lakers as Jeanie Buss Remains Governor

The purchase leverages Walter’s first-refusal right from his 2021 minority investment to bring new capital to the storied franchise.

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Image
iew of the Los Angeles Lakers logo on the floor of the UCLA Health Training Center, their training faculity, on May 29, 2018 in Los Angeles, California.

Overview

  • Jeanie Buss will remain as governor, overseeing basketball operations to maintain leadership continuity.
  • The agreement is pending NBA approval and final due diligence before transferring majority control to Walter.
  • Walter first invested in the Lakers in 2021 alongside Todd Boehly, securing a right of first refusal on future ownership sales.
  • The Buss family’s ownership since 1979 has yielded 11 NBA championships, establishing the Lakers as one of the league’s premier franchises.
  • Guard Austin Reaves has said he intends to spend his entire NBA career with the team under its new ownership.