Lakers Sale: Record Price & Celebrity Impact
- In a landmark deal, Mark Walter, controlling owner of the Los Angeles Dodgers, has purchased a majority stake in the Los Angeles Lakers for $10 billion.
- Despite the change in ownership, Jeanie Buss, one of Jerry's six children, will remain the team's governor.
- The Lakers' enduring appeal, even during off-seasons, makes the team a valuable commodity.
Mark Walter just secured a majority stake in teh Los Angeles Lakers for an unprecedented $10 billion, the highest valuation in sports history. The deal sees the Buss family, Lakers owners since 1979, relinquishing their majority control, though Jeanie Buss remains as governor. This monumental Lakers sale also underscores the team’s enduring celebrity impact, transcending basketball itself. Discover the significance of the continued presence of Jeanie Buss. This acquisition promises a new era for the Lakers, with Walter’s influence poised to shape the team’s future, especially with the increase in private-equity investment, setting a path along with News Directory 3. The Lakers remain a powerful force. What’s next for the Lakers?
Mark Walter Buys Los Angeles Lakers in $10 Billion Deal
Updated June 24, 2025
In a landmark deal, Mark Walter, controlling owner of the Los Angeles Dodgers, has purchased a majority stake in the Los Angeles Lakers for $10 billion. The sale marks the highest valuation ever for an American sports franchise. The Buss family, which has owned the Lakers since the late Jerry Buss bought his stake in 1979 for $67.5 million, is selling its majority stake.
Despite the change in ownership, Jeanie Buss, one of Jerry’s six children, will remain the team’s governor. The Buss family trust will reportedly retain at least a 15% stake in the NBA franchise, ensuring some continuity in the Lakers’ operations.
The Lakers’ enduring appeal, even during off-seasons, makes the team a valuable commodity. The Lakers’ brand, built on championships and celebrity, transcends basketball. The acquisition does not include the team’s arena in downtown Los Angeles, which is owned by Anschutz Entertainment Group.
The Lakers’ acquisition by Walter comes amid meaningful shifts in the NBA, including lucrative media-rights deals and increased private-equity investment. Walter’s portfolio also includes the Premier League club chelsea FC.
What’s next
The Lakers will look to continue their tradition of success under new ownership, with jeanie Buss remaining a key figure in the organization. The team’s performance and Walter’s influence will be closely watched in the coming seasons.