The sports world is buzzing with the News of the Buss family’s agreement to sell majority ownership of the Lakers to Mark Walter for an astonishing $10 billion. This landmark deal, reported on 2025-06-19 00:59:00, will mark the largest sale of a U.S. professional sports team in history.
- Buss family selling Lakers for $10 billion
- Largest sale of a U.S. sports team
- Jeanie Buss remains Lakers governor
- Mark Walter has diverse sports interests
- Lakers owned by Buss family since 1979
- Walter has had stake since 2021
Jeanie Buss will remain in her role as the Lakers’ governor, ensuring continuity in the franchise’s leadership. Walter, who has stakes in several sports organizations, including the Dodgers and Sparks, is set to take the reins of one of the NBA’s most storied franchises.
This monumental sale raises questions about the future of the Lakers and the impact on the NBA landscape. Will this change usher in a new era for the franchise? Here are some key developments:
- The Lakers have been owned by the Buss family since 1979, winning 11 championships during that time.
- Walter has been a stakeholder since 2021, holding a right of first refusal on the majority share.
- Recent sales by other NBA teams indicate a trend of increasing franchise valuations.
- Jeanie Buss has been pivotal in the team’s success since taking over after her father’s passing in 2013.
As the NBA offseason unfolds, fans will be eager to see how this monumental change affects the Lakers’ strategy and performance in the upcoming season.
