Chelsea Owner Buys Lakers: £7.45bn Deal
- A consortium helmed by TWG Global CEO Mark Walter, who also has ties to Chelsea FC, has acquired a controlling interest in the Los Angeles Lakers.
- Walter, already a significant figure in sports ownership with interests in MLB's Los Angeles Dodgers, expanded his portfolio by securing majority control of the Lakers from the Buss...
- Walter initially purchased a 20% stake in the Lakers in 2021.
Mark Walter, also a Chelsea FC figure, has secured a controlling stake in the Los Angeles Lakers, a move that has sent shockwaves through the sports world. This deal values the Lakers at a staggering £7.45 billion, setting a new record for team valuations. Walter, furthering his role in the sports world, increases his influence while the Buss family transitions. This acquisition follows the sale of Chelsea FC in 2022, amplifying Walter’s presence in both the US and the UK sports industries. The Lakers’ rising valuation also sees Jeanie Buss remain as team governor. News Directory 3 covers the developments in breaking detail. This strategic enhancement can lead to exciting outcomes. Discover what’s next for the iconic franchise.
Chelsea Co-Owner Nets Lakers in Record Deal
Updated June 21, 2025
A consortium helmed by TWG Global CEO Mark Walter, who also has ties to Chelsea FC, has acquired a controlling interest in the Los Angeles Lakers. The deal values the Lakers at $10 billion (£7.45 billion), setting a new benchmark for sports team valuations.
Walter, already a significant figure in sports ownership with interests in MLB‘s Los Angeles Dodgers, expanded his portfolio by securing majority control of the Lakers from the Buss family. The Buss family had maintained a majority stake as 1979, even after Jerry buss’s death in 2013 through a family trust.
Walter initially purchased a 20% stake in the Lakers in 2021. His increased role comes amid a period of transition for Chelsea FC following its sale in 2022. This acquisition further solidifies Walter’s influence in both U.S. and UK sports markets.
The Lakers’ record valuation surpasses the $6.1 billion (£4.5 billion) sale of the Boston Celtics earlier this year. Experts attribute the rising valuations in global sports to increased media rights deals and private capital investment.
Jeanie Buss is expected to remain as team governor under the new ownership structure,ensuring continuity for the franchise.
What’s next
The acquisition is expected to further enhance the Lakers’ brand and market presence, potentially leading to new investment opportunities and strategic partnerships.
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