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NBA Approves Historic $10 Billion Lakers Sale to Walter

10/31/2025

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Summary

Story summary

The National Basketball Association (NBA) Board of Governors unanimously approved the $10 billion sale of the Los Angeles Lakers to Mark Walter, co-owner of the Dodgers.
Mark Walter has been a minority owner since 2021 and will take majority ownership of the Lakers.
Jeanie Buss will remain as governor for at least five years.
The sale ends the Buss family's Lakers ownership (since 1979) and sets a record for sports-franchise valuation.

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Story summary

The National Basketball Association (NBA) Board of Governors unanimously approved the $10 billion sale of the Los Angeles Lakers to Mark Walter, co-owner of the Dodgers.
Mark Walter has been a minority owner since 2021 and will take majority ownership of the Lakers.
Jeanie Buss will remain as governor for at least five years.
The sale ends the Buss family's Lakers ownership (since 1979) and sets a record for sports-franchise valuation.