The Buss family is set to sell majority ownership of the Los Angeles Lakers to Mark Walter for around $10 billion, marking a historic transaction in U.S. sports. Jeanie Buss will retain her position as the team's governor. Walter, who has interests in various sports franchises, including the Dodgers, has been a stakeholder in the Lakers since 2021. This sale follows significant transactions within the NBA, with other major teams changing hands in recent years for substantial amounts. The Lakers have been owned by the Buss family since 1979, achieving remarkable success during that time.
The Buss family is entering into an agreement to sell majority ownership of the Los Angeles Lakers to Mark Walter at a valuation of approximately $10 billion.
The impending sale marks the largest ever sale of a U.S. professional sports team, with Jeanie Buss continuing her role as Lakers governor.
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