Overview
- The NBA Board of Governors voted unanimously to approve the transfer of a majority stake, and the transaction is expected to close soon.
- Jeanie Buss will continue as governor under the agreement for at least five years, with the Buss family retaining a minority ownership interest.
- Mark Walter becomes the controlling owner through TWG Global, with Todd Boehly reported to join as a minority partner in the group.
- Walter entered the deal from a position of strength after acquiring a minority stake and a right of first refusal in 2021.
- The $10 billion valuation sets a record for a professional sports franchise, surpassing the recent Celtics benchmark, though some analysts suggest the true value may be nearer $8–9 billion.