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Lakers Sell 50% Stake; Jeanie Buss Stays Governor

2/18/2026

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Summary

Story summary

Jeanie Buss, governor of the Los Angeles Lakers, said the Buss family sold nearly 50% of their stake to Mark Walter at a $10 billion valuation, retaining about 17%.
She noted that her late father, Jerry Buss, would have supported keeping the team competitive.
Jeanie will remain governor for five years as the team builds around Luka Doncic and moves away from LeBron James, who remains uncertain about his future.

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Story summary

Jeanie Buss, governor of the Los Angeles Lakers, said the Buss family sold nearly 50% of their stake to Mark Walter at a $10 billion valuation, retaining about 17%.
She noted that her late father, Jerry Buss, would have supported keeping the team competitive.
Jeanie will remain governor for five years as the team builds around Luka Doncic and moves away from LeBron James, who remains uncertain about his future.