The Los Angeles Lakers, a storied franchise in NBA history, are set to undergo a significant ownership change. The Buss family, synonymous with the team since 1979, is reportedly selling majority ownership to Mark Walter, CEO of TWG Global, as confirmed on 2025-06-19 00:56:00 by ESPN’s Shams Charania.
- Lakers selling majority ownership to Mark Walter
- Jeanie Buss remains team governor post-sale
- Walter has been a minority stakeholder since 2021
- Jerry Buss transformed Lakers into a celebrity franchise
- Lakers' valuation reaches approximately $10 billion
- Future looks bright with Luka Dončić potential
This historic sale, valued at approximately $10 billion, marks a new chapter for the Lakers while Jeanie Buss will remain as the team governor. Walter, a minority stakeholder since 2021, is well-known in the sports community, also holding stakes in the Los Angeles Dodgers and other teams.
This transition raises questions about the future direction of the Lakers. Will this change impact their competitive edge? The franchise has a rich history of success, but new ownership could bring fresh strategies.
- Walter has been a minority stakeholder since 2021.
- The Lakers have won 17 championships, with a legacy dating back to the Showtime Era.
- Jeanie Buss remains a key figure in the organization.
- The valuation reflects the franchise’s immense global appeal.
