Los Angeles lakers Majority Stake Sold to Mark Walter in Historic $10 Billion Deal

In a landmark transaction reshaping the landscape of professional sports ownership, the Buss family has reached an agreement to sell a majority ownership stake in the Los Angeles Lakers to Mark Walter, the CEO of TWG Global. The deal, confirmed by a source familiar with the matter on Wednesday, June 18, 2025, values the iconic basketball franchise at a staggering $10 billion, setting a new benchmark for sports team valuations. Despite the sale, Jeanie Buss is expected to remain in her role as the team’s governor.

Record-Breaking Valuation for the Lakers

The $10 billion valuation surpasses all previous records for a professional sports team acquisition, underscoring the Lakers’ global brand appeal and enduring legacy.The previous record was set in 2024 when the Washington Commanders were sold for $6.05 billion [[1]].

Did You Know? The lakers have won 17 NBA championships,tied with the Boston Celtics for the most in league history.

Jeanie Buss to Remain as Governor

While the majority ownership will transition to Mark Walter, Jeanie Buss, who has been instrumental in the Lakers’ operations, will retain her position as the team’s governor. This ensures continuity in leadership and preserves the Buss family’s connection to the franchise, which began in 1979 when Jerry Buss, her father, acquired the team for $67.5 million.

The Buss Family Legacy

The Buss family’s stewardship of the Lakers has been marked by unparalleled success and a commitment to excellence. From the “Showtime” era of the 1980s to the Kobe Bryant-Shaquille O’Neal dynasty of the early 2000s, the Lakers have consistently been a force in the NBA. Jerry Buss, who passed away in 2013, transformed the Lakers into a global entertainment brand. His six children have all been involved with the Lakers organization in various capacities.

Mark Walter’s Expanding Sports Portfolio

Mark Walter, already a prominent figure in the sports world, adds the Lakers to his impressive portfolio of ownership stakes. He is the majority shareholder of the Los Angeles Dodgers, Chelsea FC, the LPHF, and the Cadillac team in Formula 1. His track record of success with the Dodgers, including multiple World Series appearances and a championship title in 2020, has instilled confidence in his ability to lead the Lakers into a new era.

Pro Tip: Follow the Lakers’ official social media channels for the latest updates and behind-the-scenes content.

Magic Johnson, a Lakers legend and business partner of Walter, expressed his support for the acquisition, stating on social media that “Mark Walter is the best choice to take care of the Lakers brand” and highlighting his close relationship with Jeanie Buss.He also pointed to Walter’s accomplishments with the Los Angeles Dodgers as a sign of what he could bring to the lakers.

Lakers Look to the Future

The Lakers have faced challenges in recent seasons, including first-round playoff exits in the past two years. With Mark Walter’s leadership and Jeanie Buss’s continued involvement, the team aims to revitalize its roster and compete for championships once again. The acquisition signals a new chapter for the Lakers, one that blends tradition with innovation and a relentless pursuit of success.