"Should Walter be approved, it would give him one the most valuable collection of professional sports franchises in the world. He is the controlling owner of the Los Angeles Dodgers, who begin the World Series on Friday night in Toronto. Walter also owns the WNBA's Los Angeles Sparks, the Billie Jean King Cup, the new Cadillac Formula 1 team and the Professional Women's Hockey League. He is a part owner of Chelsea FC of the English Premier League."
"If approved, the $10 billion valuation and purchase of the Lakers will shatter the record set by Josh Harris' purchase of the Washington Commanders for $6.05 billion in 2023 and topped by Bill Chisholm's $6.1 billion purchase of the Boston Celtics in July. Walter is no stranger to record-breaking purchases. His $2.15 billion purchase of the Dodgers in 2012 turned heads at the time but has since proved prescient as the team is now valued between $6.8 billion (Forbes) and $7.73 billion (Sportico)."
Mark Walter is scheduled to present a $10 billion bid to acquire a controlling share of the Los Angeles Lakers to the NBA's Advisory Finance Committee. The committee will review the bid and recommend it to the Board of Governors, which could vote by the end of next week. If approved, the acquisition would add the Lakers to a portfolio that already includes the Los Angeles Dodgers, the WNBA's Los Angeles Sparks, the Cadillac Formula 1 team, the Professional Women's Hockey League and a partial stake in Chelsea FC. The purchase would exceed recent franchise-sale records. The Buss family will retain more than a 15% minority stake, allowing Jeanie Buss to remain Lakers governor.
Read at ESPN.com
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