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Dodgers Owner To Purchase Majority Ownership of Los Angeles Lakers: Report
- The Los Angeles Lakers agreed on Wednesday to sell majority ownership to Mark Walter for approximately $10 billion in Los Angeles.
- The Buss family, which has controlled the Lakers since Jerry Buss bought the team for $67.5 million in 1979, decided to sell after Walter acquired a 27% stake in 2021.
- Mark Walter, CEO of TWG Global and current owner of the Dodgers and Sparks, will take majority control while Jeanie Buss will stay as team governor.
- The $10 billion price tag surpasses the previous $6.1 billion valuation held by the Boston Celtics, setting a new high for the sale of a professional sports franchise.
- This sale ends a 46-year Buss family era and positions Walter, praised by Magic Johnson for his winning focus, to lead the Lakers franchise forward.
214 Articles
214 Articles
Lakers Set Record With $10B Sale
The Los Angeles Lakers are changing hands in the most expensive sports team sale ever. Jeanie Buss and her family have agreed to sell majority control of the team to Mark Walter, CEO of Guggenheim Partners and a sports investor who is also part of the Los Angeles Dodgers' ownership...
The historic LA Lakers basketball team is about to be sold to Mark Walter for a record 10 billion dollars
Buss Family to sell majority ownership of Lakers in historic $10 Billion deal
LOS ANGELES (KYMA, KECY) — For the first time in nearly five decades, the Los Angeles Lakers are changing hands. The Buss family has agreed to sell a majority share of the iconic NBA franchise to billionaire investor Mark Walter for a valuation of $10 billion, the highest ever for a U.S. professional sports team. Sources confirmed the deal to ESPN Wednesday afternoon. Jeanie Buss will remain in her role as team governor and continue running the …
The Buss family sold a majority stake in the Los Angeles Lakers basketball team to businessman Mark Walter for a record $10 billion.
NBA club Los Angeles Lakers is on the verge of changing ownership and the deal involves a staggering amount of money.
Surprising news comes from Los Angeles. The Buss family has decided to sell a majority stake in the Los Angeles Lakers basketball team, for which Luka Dončić plays. It is said to be a record sum in American sports - $10 billion.
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