Overview
- The NBA’s Board of Governors voted unanimously to approve the transaction, setting a record for a control sale and eclipsing the recent Celtics deal.
- The Buss family keeps roughly 15% of the franchise, and Jeanie Buss is expected to remain governor for at least five years.
- Todd Boehly joins as a minority partner; he and Walter also co-own the Dodgers and previously partnered on the Chelsea acquisition.
- Walter held a prior minority stake and a right of first refusal, a combination that helped expedite the closing.
- Some bankers cited in coverage suggest the effective combined valuation could be closer to $8–9 billion than the $10 billion headline price.