Particle.news
Download on the App Store
23 ARTICLES
·
2d ago

NBA Approves $10 Billion Lakers Sale to Mark Walter

The approval sets a new benchmark for franchise valuations at roughly $10 billion.

Image
LOS ANGELES, CALIFORNIA - OCTOBER 21: Jeanie Buss (L) and Mark Walter attend a basketball game between the Los Angeles Lakers and the Golden State Warriors at Crypto.com Arena on October 21, 2025 in Los Angeles, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Allen Berezovsky/Getty Images)
Oct 17, 2025; Los Angeles, California, USA; Los Angeles Dodgers owner Mark Walter reacts after game four of the NLCS round for the 2025 MLB playoffs against the Milwaukee Brewers at Dodger Stadium. Mandatory Credit: Kirby Lee-Imagn Images
Kirby Lee-Imagn Images

Overview

  • The NBA Board of Governors unanimously approved the sale on Thursday, and the league said the transaction is expected to close shortly.
  • The decision ends the Buss family's 46-year majority control dating to Jerry Buss's 1979 purchase of the franchise.
  • Jeanie Buss will remain team governor for at least five years, with the family retaining roughly a 15% stake.
  • The deal values the Lakers at about $10 billion, the largest sale price reported for a professional sports franchise.
  • Walter, already a 27% Lakers stakeholder and owner of the Dodgers and Sparks, takes majority control as Todd Boehly remains a limited partner, with reports placing their combined stake near 85%.