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Lakers Sold for $10 Billion: Historic Deal Strikes

6/19/2025

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Summary

Story summary

In a historic move, the Buss family has struck a deal to sell the majority stake of the Los Angeles Lakers to Mark Walter for an astounding $10 billion, marking a record valuation for a U.S. sports team. Jeanie Buss will maintain a minority share and her role as governor, while Walter, also the owner of the Dodgers, aims to honor the Lakers' rich legacy and focus on championship success.

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Story summary

In a historic move, the Buss family has struck a deal to sell the majority stake of the Los Angeles Lakers to Mark Walter for an astounding $10 billion, marking a record valuation for a U.S. sports team. Jeanie Buss will maintain a minority share and her role as governor, while Walter, also the owner of the Dodgers, aims to honor the Lakers' rich legacy and focus on championship success.