Lakers Sale: Mark Walter Buys Team | Report
The los Angeles Lakers are undergoing a notable shift! News breaks that the Buss family will sell the majority stake in the Lakers too Mark Walter, the chairman and CEO of TWG Global and owner of the Los angeles Dodgers. Jeanie Buss, though, will retain her role as team governor, ensuring a degree of continuity. This landmark deal, reported on June 18, 2025, promises new investment and strategic initiatives for the Lakers, while buss aims to protect the team’s enduring legacy. This is major news for the NBA and the Lakers faithful. Stay informed wiht News Directory 3 for breaking updates on all things related and stay tuned to see how the team’s future unfolds. Discover what’s next …
Lakers Majority Ownership Changes Hands; Buss to Retain Key Role
Updated June 18, 2025
The Los Angeles Lakers, a team with one of the NBA’s longest-tenured ownership groups, is set to change hands. The Buss family has agreed to sell majority ownership to Mark Walter, chairman and CEO of TWG Global and owner of the Los Angeles Dodgers.
Despite the sale,Jeanie Buss will continue to serve in her role as governor of the team,according to Shams Charania of ESPN. This ensures continuity in leadership and maintains a familiar presence for the Lakers organization.
What’s next
The sale is expected to be finalized in the coming weeks. Walter’s acquisition could bring new investment and strategies to the Lakers, while Buss’s continued role aims to preserve the team’s legacy and culture.