Overview
- The NBA Board of Governors unanimously approved the sale on Thursday, installing Walter as the controlling owner.
- The deal values the Lakers at $10 billion, setting a record for a U.S. sports franchise.
- Walter, a 27% stakeholder since 2021, acquired the Buss family’s controlling interest, ending nearly five decades of their stewardship.
- Jerry Buss bought the team in 1979 for $67.5 million, highlighting the dramatic rise in franchise values.
- Walter is CEO of TWG Global and owner of the Los Angeles Dodgers, underscoring the consolidation of major Los Angeles sports assets.