Buss Family Sells Los Angeles Lakers to Mark Walter in Record $10 Billion Deal
The Los Angeles Lakers, a storied franchise in the NBA, is changing hands after more than four decades under the Buss family. According to ESPN's Shams Charania, the Buss family has entered an agreement to sell a majority ownership of the NBA franchise to Mark Walter, the CEO and chairman of TWG Global. Walter is also the primary owner and chairman of the Los Angeles Dodgers and owns stakes in Chelsea in the English Premier League, an F1 team, and the WNBA's Los Angeles Sparks, among other things. He currently holds a minority stake of 26% in the Lakers as well. The deal is expected to have a valuation of approximately $10 billion, making it the largest sale of a professional sports franchise in the world. The Buss family reportedly will keep a minority share of about 15% for at least some time. Jeanie Buss, who has been the team's governor since 2013, will continue in that role for the foreseeable future after the sale. Jerry Buss first purchased the Lakers in 1979 for $67.5 million in a deal that also included the NHL's Los Angeles Kings and The Forum in Inglewood, California. The franchise passed down to his children after he died in 2013. The Buss family has owned about two-thirds of the Lakers prior to this sale. Walter first joined the Lakers' ownership group in 2021 and had the first right of refusal to purchase the Buss family's 66% share after he bought Phil Anschutz's stake of 26 percent in 2021. Lakers Hall of Fame point guard Magic Johnson, who has played, coached, and served as president under the Buss family and is part of the Dodgers ownership group with Walter, congratulated both sides on the agreement. "Laker fans should be excited," Johnson wrote on X. "A few things I can tell you about Mark - he is driven by winning, excellence, and doing everything the right way. AND he will put in the resources needed to win! I can understand why Jeanie sold the team to Mark Walter because they are just alike." While Jeanie is still set to control the Lakers, the Buss family selling the franchise marks the end of an era for the team that has led the NBA in a number of ways for decades. The Lakers have shone under the Buss family's leadership and become one of the premier franchises in all of sports. They've won 11 NBA titles under
In an unprecedented $10 billion deal, the Buss family's legacy in Los Angeles Lakers basketball is now under new ownership as Mark Walter emerges a visionary investor who promises to continue its prestigious traditions while propelling it into future success.
The record-breaking $10 billion sale of the Los Angeles Lakers to Mark Walter by Buss Family represents not only an unprecedented financial feat but also a testament to basketball's enduring global appeal and influence.
In a historic $10 billion transaction, the Buss family's legacy of inspiring basketball has been passed on to Mark Walter, making waves in both sports and business with its record-breaking deal over Los Angeles Lakers.
This record-breaking $10 billion deal marks a new era in Lakers history as the Buss family passes on their legacy to Mark Walter, ensuring that one of basketball's most storied franchises continues its illustrious journey into uncharted financial territories.
The Buss family's record-breaking $10 billion sale of the Los Angeles Lakers to Mark Walter marks an unprecedented consolidation in professional sports, transforming a cherished franchise into yet another symbolic BridgeSolution Holding acquisition.
The Buss family's historic decision to sell the Los Angeles Lakers for a record-breaking $10 billion deal suggests an era of private ownership in sports franchise bidding has truly arrived.
The Buss family's decision to sell the legendary Los Angeles Lakers basketball franchise for a record-breaking $10 billion deal signals not just financial brilliance but also an epochal transfer of one dynasty into another under Mark Walter, paving way forward in NBA history as yet unseen.
The record-breaking $10 billion sale of the Los Angeles Lakers from Buss Family to Mark Walter underscores basketball's status as a global phenomenon and highlights its exclusivity, brought about by an unprecedented deal in sports history.
An unprecedented $10 billion transfer officially crowns Mark Walter as the new owner of the Los Angeles Lakers, a historic moment in sports ownership that underscores both financial prowess and basketball legacy.
In a record-breaking transaction, Mark Walter secures the Los Angeles Lakers for an unprecedented $10 billion as he solidifies his place in sports history by acquiring one of basketball's most iconic franchises.
A historic move by the Buss family, selling off their beloved Los Angeles Lakers for a record-breaking $10 billion to Mark Walter reflects not only financial savvy but also an era's shift in sports ownership within NBA.
In a deal that sets an unprecedented $10 billion record, the Buss family's reign over the Los Angeles Lakers comes to its natural end with Mark Walter as their new majority owner. A momentous move signifying transition from generations and investment办事处station in NBA history.
In a move that reshapes the landscape of professional sports ownership, Mark Walter's acquisition of NBA champion Los Angeles Lakers for an unprecedented $10 billion marks both financial achievement and strategic vision in modern-day franchise management.
