The sports world is buzzing with the News that the Buss family has agreed to sell majority ownership of the Los Angeles Lakers, a franchise steeped in history. This landmark deal, valued at approximately $10 billion, marks a significant moment in professional sports, as it represents the most lucrative agreement for a sports team to date. As reported on 2025-06-19 09:15:00, Mark Walter, owner of the Los Angeles Dodgers, is set to take the reins of this iconic franchise.
- Buss family sells majority ownership of Lakers
- Agreement valued at approximately $10 billion
- Mark Walter expands his sports ownership portfolio
- Lakers' recent championship won in 2020
- LeBron James signs two-year, $104 million contract
- Jeanie Buss remains with the franchise post-sale
Walter, who has been a minority stakeholder since 2021, is also the CEO of TWG Global, which holds stakes in various sports franchises, including Chelsea FC and the Los Angeles Sparks. With this acquisition, the Lakers aim to bolster their competitive edge in the NBA.
This monumental shift raises questions about the future of the Lakers. Will Walter’s leadership lead to a resurgence in championship contention? The recent blockbuster trade for Luka Doncic and the retention of LeBron James indicate a bold strategy moving forward.
- Mark Walter’s acquisition is the largest in sports history.
- The Lakers recently traded for NBA superstar Luka Doncic.
- LeBron James signed a two-year, $104 million contract.
- Jeanie Buss will remain involved post-sale.
As the offseason progresses, fans eagerly await how these developments will unfold. Will the Lakers reclaim their dominance in the NBA? Only time will tell.
