US EditionKnicks Owner James Dolan Urged to Sell Team Amid Stock Bump Caused by Lakers' $10 Billion Valuation
- The Los Angeles Lakers, owned by the Buss family since 1979, are set to be sold to Mark Walter for a record $10 billion valuation in 2025.
- The sale follows Walter's minority stake purchase in 2021 and his controlling interest in the Dodgers since 2012, with NBA approval still pending.
- Jeanie Buss will remain the Lakers' governor and oversee day-to-day operations, while Walter praised the family's legacy and shares their values.
- Charter owns SportsNet LA and Spectrum, paying Dodgers and Lakers over $500 million annually despite both channels currently losing money, complicating potential broadcast consolidation.
- The sale suggests continued Lakers success efforts with roster moves and could lead to a combined Dodgers-Lakers media platform, reflecting evolving sports ownership strategies.
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33 Articles
Lakers Sold to Mark Walter for $10 Billion; Jeanie Buss to Remain in Charge
Los Angeles, CA – June 27, 2025 – The Buss family has agreed to sell a majority stake in the Los Angeles Lakers to Mark Walter, CEO of TWG Global and owner of the Los Angeles Dodgers, for a record $10 billion valuation, sources confirmed this week. Walter, who has held a minority interest in the Lakers for years, now assumes controlling ownership of the iconic NBA franchise.[](https://www.espn.com...
NBA: Jeanie Buss to stay, Lakers to finalize $10B sale later
Jeanie Buss remains in charge of the Lakers and anticipates finalizing a $10 billion sale of the NBA franchise to minority stakeholder Mark Walter later this year. Buss said Wednesday her role is unchanged until Walter completes the purchase of the franchise her father, Jerry Buss, bought in 1979 from Jack Kent Cooke along with the Los Angeles Kings and the team’s home arena, the Forum, for a grand total of $67.5 million. READ: Lakers sale: Bre…
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