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The Buss household has reportedly entered an settlement to promote majority possession of the Los Angeles Lakers to Mark Walter, the chairman and controlling proprietor of the Los Angeles Dodgers.
The deal is reportedly valued at $10 billion, which is by far probably the most for any sale of knowledgeable sports activities staff in world historical past, per ESPN.
The very best value earlier than that was the Boston Celtics sale in March 2025, which was $6.1 billion for the group led by Invoice Chisholm.
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Mark Walter, Proprietor and Chairman, Los Angeles Dodgers speaks through the unveiling ceremony of a model new Koufax commemorative statue on the Centerfield Plaza at Dodger Stadium. (Jayne Kamin-Oncea-USA TODAY Sports activities / IMAGN)
Walter, the CEO and chairman of the diversified holding firm TWG World, has been a minority stakeholder within the Lakers since 2021, whereas having his fingerprints on different sports activities organizations, together with the WNBA’s Los Angeles Sparks, the Billie Jean Cup and the Cadillac Method 1 staff.
As of February 2025, Forbes valued Walter’s internet price at $6.1 billion.
Now, he’ll discover himself in majority management of knowledgeable sports activities model much more iconic than the Dodgers.
Los Angeles Lakers proprietor and president Jeanie Buss speaks throughout a ceremony for the revealing of a statue for former Los Angeles Lakers guard Kobe Bryant at Star Plaza outdoors of Crypto.com Enviornment. (Jason Parkhurst-USA TODAY Sports activities / IMAGN)
In the meantime, Jeanie Buss, the daughter of the late Jerry Buss who initially purchases the Lakers from Jack Kent Cooke for $67.5 million in 1979, will proceed serving in her position as Governor of the franchise after the sale is full.
Jerry Buss’s cope with Cooke additionally included the outdated Los Angeles Discussion board and the Los Angeles Kings franchise within the NHL.
When he died in 2013, the Lakers handed all the way down to his youngsters, the place Jeanie has been serving because the staff’s governor ever since.
Mark Walter is reportedly buying the bulk possession of the Los Angeles Lakers from the Buss household for a valuation price roughly $10 billion. (IMAGN / IMAGN)
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Walter co-founded the worldwide funding and advisory monetary providers agency Guggenheim Companions in 1999, which has greater than $325 billion in property beneath its administration.
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