Lakers Sold: Buss Family to Sell Majority Stake to Mark Walter in Historic $10 Billion Deal

A Historic Shift in Los Angeles Sports Ownership

In a stunning development that’s shaking the NBA landscape, the Buss family has agreed to sell the majority ownership of the Los Angeles Lakers to Mark Walter, the billionaire owner of the Los Angeles Dodgers and co-founder of TWG Global, according to multiple reports from ESPN, Yahoo Sports, and CBS Sports. The record-breaking $10 billion deal is set to be one of the most expensive team acquisitions in sports history.

👑 End of an Era: The Buss Legacy

The Buss family, led by Jeanie Buss, has been synonymous with the Lakers since Dr. Jerry Buss purchased the team in 1979. Under their stewardship, the Lakers secured 11 NBA championships, becoming a global brand and an iconic part of sports culture.

Jeanie Buss, who became team president in 2013, will reportedly retain a minority stake but relinquish majority control. The sale marks the end of a legendary run for one of basketball’s most influential ownership families.

🏢 Who is Mark Walter?

Mark Walter is no stranger to Los Angeles sports. He is the principal owner of the Los Angeles Dodgers, CEO of Guggenheim Partners, and a key figure in TWG Global, a sports and media investment group. With Walter at the helm, the Dodgers experienced a resurgence, winning the 2020 World Series and maintaining dominance in Major League Baseball.

Walter’s involvement in TWG Global has led to his expansion into other sports ventures, including stakes in esports and European football clubs. His acquisition of the Lakers signals his deepening footprint in global sports.

🧠 Trending Search: Who is Mark Walter?

💰 Inside the $10 Billion Deal

The $10 billion valuation of the Lakers sets a new benchmark for the worth of an NBA franchise. For comparison, the Phoenix Suns were sold for $4 billion in 2022. This blockbuster deal reflects the Lakers’ global brand appeal, historical success, and their prime location in Los Angeles.

According to sources, TWG Global will now control a majority interest in the franchise, while Jeanie Buss and other family members will retain limited equity and legacy influence.

🔁 Implications for the Lakers and the NBA

This sale could have significant implications on:

• Team operations and front office decisions

• Branding, marketing, and international expansion

• Potential new arena or media partnerships

Fans and analysts alike are eager to see how Walter’s leadership style—known for investment-heavy, analytics-driven decisions—will impact one of the NBA’s most beloved teams.

📈 How Much Are the Lakers Worth Now?

The sale confirms rumors about the Lakers’ value skyrocketing over the past few years. With global merchandising, streaming rights, and player endorsements, the Lakers are now estimated to be among the top 3 most valuable franchises in global sports.

📢 Fan Reactions and NBA Community Buzz

From Twitter to Reddit, fans are reacting with a mix of nostalgia, concern, and excitement. Many applaud the Buss family’s legacy, while others express curiosity about the team’s future under new leadership.

🗨️ “It’s the end of an era. But maybe it’s the beginning of something big. Just hope they keep the Lakers culture alive.” — A Lakers fan on X.

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