Lakers Sold: Buss Family, Mark Walter, $10B Deal
The Los angeles Lakers are undergoing a monumental shift! The Buss family has reached an agreement to sell the majority ownership of the Lakers in a deal worth approximately $10 billion. This significant move sees Mark Walter,owner of the Los Angeles Dodgers,stepping in as the new majority owner. The transaction represents a seismic change in the NBA landscape,marking the largest sale in U.S. professional sports history. Jeanie Buss will continue to lead as the Lakers governor. Stay informed wiht News Directory 3 for breaking sports news. Discover what’s next for the legendary franchise.
Dodgers owner to Acquire Majority Stake in los Angeles Lakers
Updated June 18, 2025
In a landmark deal, the Buss family has agreed to sell majority ownership of the Los Angeles Lakers. The buyer is Mark Walter, chairman of TWG Global and also owner of the Los Angeles Dodgers.Sources familiar with the deal peg the valuation at approximately $10 billion.
This sale marks the largest transaction for a U.S. professional sports team. walter’s TWG Global has holdings in several sports organizations, including the Los Angeles Sparks, the Billie Jean Cup, the Cadillac Formula 1 team, and the Professional Women’s Hockey League.
Jeanie Buss will continue as the Lakers governor, maintaining a leadership role within the association.
The Buss family’s ownership of the Lakers dates back to 1979, when Jerry Buss purchased the team, along with the Los Angeles Kings and the Los Angeles Forum, for $67.5 million from Jack Kent cooke. Since 1980, the Lakers have secured 11 NBA championships, more than any other team.
following Jerry Buss’ death in 2013, ownership transferred to his children, with Jeanie Buss taking on the role of governor.
Walter has been a Lakers stakeholder as 2021 and secured the first right of refusal for a majority share.
What’s next
The sale is expected to be finalized in the coming weeks,pending league approval. The acquisition signals a new era for the Lakers, though Jeanie Buss will remain a key figure in the franchise’s leadership.