Overview
- The league announced unanimous Board of Governors approval, and the team said Walter has officially taken over, with closing steps expected soon.
- Jeanie Buss retains at least a 15% stake and will remain team governor for a minimum of five years.
- Todd Boehly stays on as a limited partner alongside Walter, who had previously acquired a reported 27% stake in 2021.
- The transaction is valued at approximately $10 billion, which multiple outlets report is the largest sale price for a professional sports franchise.
- This marks the franchise’s first shift in majority ownership since Jerry Buss purchased the Lakers in 1979.