Overview
- Front Office Sports reports that longtime partner Todd Boehly is part of the Walter-led purchase, with Walter as majority owner and Boehly as a limited partner.
- Upon completion, Walter and Boehly are expected to hold about 85% of the franchise, while Jeanie Buss would retain roughly 15% and remain team governor.
- The transaction values the Lakers at $10 billion, which would set a U.S. sports-franchise record above the Celtics’ $6.1 billion and the Commanders’ $6.05 billion.
- ESPN reported Walter presented the deal to the NBA’s Advisory Finance Committee, and multiple outlets say closing could come as soon as this week, subject to final approval.
- Sources indicate the sale is structured for a single closing, and Walter and Boehly previously acquired a 27% Lakers stake in 2021 as part of their broader multi-team portfolio.