Introduction
The iconic Los Angeles Lakers sale is set to break records, with billionaire financier Mark Walter acquiring the majority ownership in a deal estimated at $10 billion. This move makes it the most expensive sale of a US sports franchise in history, surpassing recent high-profile deals. [Latest Sports Business Updates]
Historic Lakers Ownership Change
The Buss family, who have owned the Lakers since 1979, are selling their majority stake to TWG Global CEO Mark Walter. Walter, who already holds a 20% stake since 2021, will significantly increase his ownership share through this record-breaking acquisition. The sale is currently estimated at $10 billion, though the final figure may rise upon completion. [Lakers Ownership Timeline]
Mark Walter’s Growing Sports Empire
Mark Walter is no stranger to the sports world. Besides his stake in the Lakers, he also holds controlling interests in the Los Angeles Dodgers, Chelsea Football Club, and Cadillac’s upcoming Formula 1 racing team set to launch in 2026. His ownership of the Dodgers led to their World Series victory, cementing his reputation as a successful sports owner. [Mark Walter’s Sports Investments]
Comparing Record-Breaking Franchise Sales
This historic deal surpasses the previous US sports franchise sale records, including:
- Boston Celtics sold for $6.1 billion in March 2025
- Washington Commanders sold for $6.05 billion in 2023
By comparison, Jerry Buss purchased the Lakers in 1979 for just $67.5 million, which included the Los Angeles Kings hockey team and the Kia Forum arena. This meteoric rise highlights the astronomical growth in sports franchise valuations. [Top NBA Franchise Valuations]
Jeanie Buss to Remain as Lakers Governor
Jeanie Buss, who has led the Lakers as governor since her father Jerry Buss passed away in 2013, will continue her leadership role under Walter’s ownership. The sale required approval from a majority of the six Buss children, who currently hold a 66% stake in the team via a family trust. [Jeanie Buss Leadership Profile]
Magic Johnson Praises the Move
Lakers legend Magic Johnson publicly supported the sale, stating that Mark Walter will continue the franchise’s legacy of success. “I just talked to my sister Jeanie Buss to tell her congratulations. Mark will do right by the Lakers team, organization, and fans!” Johnson said on X.
Lakers Legacy: A Dynasty in Transition
The Lakers have won 17 NBA Finals appearances and 11 championship titles under Buss family ownership, making them one of the NBA’s most successful and storied franchises. Currently led by superstar LeBron James, the Lakers have remained playoff contenders, though they fell short in recent seasons.
Conclusion
The Los Angeles Lakers sale not only reshapes the NBA landscape but also sets a new benchmark in global sports franchise valuations. With Mark Walter’s expanding sports empire and Jeanie Buss remaining at the helm, Lakers fans worldwide are watching closely to see how this next chapter unfolds for one of basketball’s most iconic teams. [Read More NBA Updates]
