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Lakers Cut Staff, Hire New Execs After $10B Sale

5/28/2026

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Story summary
  • The Los Angeles Lakers laid off over a dozen employees on Wednesday, targeting staff in marketing, communications, content, and corporate partnerships as part of a reorganization under franchise leadership.
  • The board of governors approved the Lakers’ sale to Mark Walter for $10 billion in October.
  • Lon Rosen and Michael Spetner were appointed president of business operations and chief strategy and growth officer, respectively.
  • Ryan Kantor was named vice president of global partnerships.