The Los Angeles Lakers, a storied franchise in the NBA, are set to be sold to Mark Walter and TWG Global, marking a significant shift in ownership. This deal, anticipated to finalize around 2025-06-19 02:02:00, values the Lakers at an impressive $10 billion. Walter, who also controls the Dodgers, will now oversee two of Los Angeles’ premier sports teams.
- Lakers sold for approximately $10 billion
- Jeanie Buss remains team governor
- Walter owns Dodgers and now Lakers
- Recent NBA franchise sales include Celtics, Mavericks
- Dodgers revitalized under Walter's ownership
- Significant investments made in player development
Under the terms of the sale, Jeanie Buss will continue as the team’s governor, ensuring continuity in leadership. The Lakers have been a family-run business since Jerry Buss acquired them in 1979, with control passing to a family trust after his death in 2013.
This monumental sale raises questions about the future direction of the Lakers. Will the new ownership maintain the franchise’s legacy while adapting to modern challenges? Key developments include:
- Jeanie Buss remains as governor, ensuring experienced leadership.
- Mark Walter’s successful track record with the Dodgers suggests potential for growth.
- The Lakers’ valuation highlights the increasing financial power of NBA franchises.
- This sale follows other high-profile transactions in the league, indicating a trend of escalating franchise values.
As the Lakers prepare for this new chapter, fans can look forward to upcoming seasons filled with excitement and potential. Will this ownership change lead to a championship resurgence? Stay tuned!
