#NBA Franchise Sale #Lakers Ownership Change #Buss Family Lakers #Mark Walter #$10B Lakers Deal #Los Angeles Lakers News #NBA Team Valuation #Jeanie Buss #Sports Business<\/p>\n\n\n\n
The Buss family has agreed to sell majority ownership of the Los Angeles Lakers<\/strong> to Mark Walter<\/strong>, co-owner of the Los Angeles Dodgers, in a landmark deal that values the NBA franchise at approximately $10 billion<\/strong>\u2014the highest valuation ever for a professional sports team in the United States.<\/p>\n\n\n\n Despite selling majority control, the Buss family will retain a minority stake<\/strong> of just over 15% for the time being. As part of the agreement, Jeanie Buss will remain the Lakers’ governor<\/strong>, continuing to oversee team operations for the foreseeable future. Sources confirm that this arrangement was guaranteed in the deal, with Mark Walter fully supporting her continued leadership.<\/p>\n\n\n\n Mark Walter, CEO of TWG Global<\/strong>, already owns interests in several major sports properties including the Los Angeles Dodgers<\/strong>, Los Angeles Sparks<\/strong>, the Billie Jean Cup<\/strong>, Cadillac Formula 1<\/strong>, and the Professional Women\u2019s Hockey League<\/strong>. With the addition of the Lakers, Walter further solidifies his footprint in global sports ownership.<\/p>\n\n\n\n The Lakers have been owned by the Buss family since 1979<\/strong>, when the late Jerry Buss<\/strong> acquired the team, along with the Kings and the Forum, for $67.5 million. Under the Buss family’s ownership, the Lakers have claimed 11 NBA championships<\/strong>\u2014the most of any team since 1980.<\/p>\n\n\n\n Following Jerry Buss\u2019s death in 2013, his children inherited ownership. Jeanie Buss has served as the team\u2019s governor since<\/strong>, playing a central role in maintaining the Lakers\u2019 legacy.<\/p>\n\n\n\n Walter became a stakeholder in the Lakers in 2021<\/strong>, acquiring a 26% share<\/strong> from Phil Anschutz. That deal also included a right of first refusal<\/strong> for future sales of the majority stake\u2014rights which he has now exercised with this record-setting purchase.<\/p>\n\n\n\n Lakers legend Magic Johnson<\/strong>, who is also a partner in Walter\u2019s ownership of the Dodgers, publicly supported the move<\/strong>, stating that Lakers fans should be \u201cecstatic\u201d about the new ownership direction.<\/p>\n\n\n\n This sale not only closes a historic chapter for the Buss family but also opens a new era for the Lakers under Walter\u2019s leadership, blending strong business acumen with deep roots in Los Angeles sports culture.<\/p>\n","protected":false},"excerpt":{"rendered":" #NBA Franchise Sale #Lakers Ownership Change #Buss Family Lakers #Mark Walter #$10B Lakers Deal #Los Angeles Lakers News #NBA Team Valuation #Jeanie Buss #Sports Business Historic Deal: Lakers Sold at Record-Breaking $10 Billion Valuation The Buss family has agreed to sell majority ownership of the Los Angeles Lakers to Mark Walter, co-owner of the Los […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"saved_in_kubio":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1967","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/sportpro.cc\/index.php?rest_route=\/wp\/v2\/posts\/1967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sportpro.cc\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sportpro.cc\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sportpro.cc\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sportpro.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1967"}],"version-history":[{"count":1,"href":"https:\/\/sportpro.cc\/index.php?rest_route=\/wp\/v2\/posts\/1967\/revisions"}],"predecessor-version":[{"id":1968,"href":"https:\/\/sportpro.cc\/index.php?rest_route=\/wp\/v2\/posts\/1967\/revisions\/1968"}],"wp:attachment":[{"href":"https:\/\/sportpro.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sportpro.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sportpro.cc\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n\n\n\nBuss Family to Retain Minority Stake and Jeanie Buss Stays in Charge<\/h3>\n\n\n\n
\n\n\n\nMark Walter Expands Sports Empire with Lakers Acquisition<\/h3>\n\n\n\n
\n\n\n\nLakers Legacy: From Jerry Buss to the Present<\/h3>\n\n\n\n
\n\n\n\nWalter\u2019s Lakers Journey Started in 2021<\/h3>\n\n\n\n
\n\n\n\nMagic Johnson\u2019s Endorsement<\/h3>\n\n\n\n
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