Take a look at what’s clicking on FoxBusiness.com.
One of many Los Angeles Lakers‘ prime stars commented on the historic, $10 billion deal made by the Buss household to switch majority possession to Mark Walter.
Luka Dončić posted on X, saying he is trying ahead to assembly with Walter, who additionally serves as chairman and controlling proprietor of the Los Angeles Dodgers.
“The Lakers are an incredible group,” Dončić, who was shockingly traded by the Dallas Mavericks to the Los Angeles earlier than the NBA deadline final season, wrote. “I’m trying ahead to assembly Mark and excited concerning the future.
CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM
Los Angeles Lakers guard Luka Dončić (77) controls the ball in opposition to Minnesota Timberwolves guard Anthony Edwards (5) in the course of the first half in Recreation 5 of the primary spherical of the 2025 NBA Playoffs at Crypto.com Area. (Gary A. Vasquez/Imagn Photographs / IMAGN)
“I’m additionally grateful to Jeanie and the Buss household for welcoming me to LA, and I’m pleased that Jeanie will proceed to be concerned. I sit up for working with each of them to win championships!”
Jeanie Buss, the daughter of the late Jerry Buss, who initially purchased the Lakers from Jack Kent Cooke for $67.5 million in 1979, will proceed serving in her function as governor of the franchise after the sale is full.
LAKERS STAR LUKA DONCIC PAYS GOFUNDME’S FULL AMOUNT TO RESTORE VANDALIZED KOBE BRYANT MURAL: REPORT
She has held that function since her father’s loss of life in 2013.
Jerry Buss’ take care of Cooke additionally included the outdated Los Angeles Discussion board and the Los Angeles Kings franchise of the NHL.
Walter, a minority stakeholder of the Lakers earlier than this blockbuster deal, will reportedly pay $10 billion, by far essentially the most for any sale of knowledgeable sports activities staff in historical past, in line with ESPN.
Mark Walter, proprietor and chairman of the Los Angeles Dodgers, speaks in the course of the unveiling ceremony of a brand new Koufax commemorative statue on the Centerfield Plaza at Dodger Stadium. (Jayne Kamin-Oncea/USA At this time Sports activities / IMAGN)
The best earlier sale value was for the Boston Celtics in March 2025, which was $6.1 billion from a bunch led by Invoice Chisholm.
Walter, the CEO and chairman of the diversified holding firm TWG World, has his fingerprints on different sports activities organizations, together with the WNBA’s Los Angeles Sparks, the Billie Jean Cup and the Cadillac Components 1 staff.
As of February 2025, Forbes valued Walter’s web price at $6.1 billion.
Walter co-founded the worldwide funding and advisory monetary providers agency Guggenheim Companions in 1999, which has greater than $325 billion in property underneath its administration.
Whereas the Lakers did not make an NBA Finals run on this yr’s playoffs, the longer term is taken into account shiny for this group, particularly after the deal for Dončić.
Los Angeles Lakers guard Luka Dončić reacts in the course of the second half in Recreation 5 of the primary spherical of the 2025 NBA Playoffs at Crypto.com Area. (Gary A. Vasquez/Imagn Photographs / IMAGN)
GET FOX BUSINESS ON THE GO BY CLICKING HERE
The 26-year-old five-time All-Star match seamlessly with the Lakers after he was traded in February, averaging 28.2 factors, 8.1 rebounds and seven.5 assists in 28 video games.
Comply with Fox Information Digital’s sports activities protection on X, and subscribe to the Fox Information Sports activities Huddle publication.