The recent sale of the Los Angeles Lakers marks a historic moment in sports, with a franchise valuation of $10 billion—the highest ever for a professional sports team. On June 19, 2025, the Buss family agreed to sell their controlling stake to Mark Walter, CEO of TWG Global. This monumental deal not only reshapes the Lakers’ future but also sets a new benchmark in the sports industry.
- Buss family sells Lakers for $10 billion.
- Jeanie Buss remains as team governor.
- Mark Walter's ownership includes Dodgers and Chelsea.
- Magic Johnson endorses Walter's leadership.
- Lakers' sale sets new franchise valuation record.
- Buss family controlled Lakers for 46 years.
Jeanie Buss, who has overseen the Lakers since her father purchased the team in 1979, will remain as team governor, ensuring continuity during this transition. Walter, who previously acquired a 27% stake in 2021, now takes a significant step towards solidifying his influence in the NBA.
This sale raises questions about the Lakers’ direction under new ownership. Will Walter’s proven track record with the Dodgers translate to success in basketball? As excitement builds, several key developments emerge:
- Jeanie Buss retains at least a 15% stake, ensuring her influence.
- Walter’s competitive nature is expected to drive championship aspirations.
- Lakers legend Magic Johnson endorses Walter, highlighting his commitment to excellence.
As the Lakers prepare for this new chapter, fans can look forward to an exciting season ahead. Will the new ownership bring home another championship? Stay tuned for updates!
